CHICAGO TRUST Co NA Has $1.08 Million Stake in CoStar Group, Inc. (NASDAQ:CSGP)

CHICAGO TRUST Co NA lessened its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 12.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,035 shares of the technology company’s stock after selling 2,200 shares during the period. CHICAGO TRUST Co NA’s holdings in CoStar Group were worth $1,076,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CSGP. Bleakley Financial Group LLC lifted its position in shares of CoStar Group by 1.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 8,638 shares of the technology company’s stock worth $652,000 after purchasing an additional 138 shares during the period. Moran Wealth Management LLC lifted its holdings in CoStar Group by 2.0% in the third quarter. Moran Wealth Management LLC now owns 8,027 shares of the technology company’s stock valued at $606,000 after buying an additional 161 shares during the period. Elo Mutual Pension Insurance Co grew its holdings in CoStar Group by 0.5% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 37,501 shares of the technology company’s stock worth $2,780,000 after acquiring an additional 188 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in shares of CoStar Group by 1.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,133 shares of the technology company’s stock valued at $1,443,000 after purchasing an additional 209 shares during the period. Finally, Bell Bank lifted its stake in CoStar Group by 1.3% in the third quarter. Bell Bank now owns 18,232 shares of the technology company’s stock valued at $1,375,000 after buying an additional 234 shares during the period. 96.60% of the stock is owned by institutional investors.

CoStar Group Price Performance

Shares of CoStar Group stock traded down $0.93 during trading on Monday, hitting $68.94. The stock had a trading volume of 721,993 shares, compared to its average volume of 2,003,590. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38. The firm has a market cap of $28.26 billion, a price-to-earnings ratio of 156.69 and a beta of 0.85. The business’s 50-day moving average is $75.04 and its 200 day moving average is $75.42.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. The company had revenue of $692.60 million for the quarter, compared to analysts’ expectations of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. CoStar Group’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. As a group, sell-side analysts anticipate that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CSGP. JPMorgan Chase & Co. cut their target price on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $83.00 target price on shares of CoStar Group in a report on Friday. BMO Capital Markets decreased their target price on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Stephens reissued an “overweight” rating and set a $103.00 price objective on shares of CoStar Group in a report on Thursday, January 2nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a research report on Monday, December 16th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.08.

Insider Transactions at CoStar Group

In related news, Director Michael R. Klein sold 71,633 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the transaction, the director now owns 1,913,501 shares in the company, valued at $142,919,389.69. The trade was a 3.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Desmarais sold 5,500 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the completion of the transaction, the insider now directly owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.

CoStar Group Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.