17,596 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Bought by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 17,596 shares of the technology company’s stock, valued at approximately $1,260,000.

Other institutional investors have also modified their holdings of the company. State Street Corp grew its position in shares of CoStar Group by 4.4% in the 3rd quarter. State Street Corp now owns 17,059,744 shares of the technology company’s stock worth $1,286,987,000 after acquiring an additional 722,153 shares in the last quarter. Geode Capital Management LLC increased its stake in CoStar Group by 2.1% during the third quarter. Geode Capital Management LLC now owns 11,308,986 shares of the technology company’s stock valued at $850,656,000 after purchasing an additional 236,407 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CoStar Group by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,684,373 shares of the technology company’s stock worth $202,509,000 after purchasing an additional 76,916 shares during the period. JPMorgan Chase & Co. lifted its position in shares of CoStar Group by 73.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,358,331 shares of the technology company’s stock worth $177,913,000 after buying an additional 1,001,177 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of CoStar Group by 91.4% during the third quarter. Barclays PLC now owns 2,249,188 shares of the technology company’s stock valued at $169,678,000 after purchasing an additional 1,073,793 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CSGP. JMP Securities restated a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a research report on Monday, December 16th. JPMorgan Chase & Co. cut their price objective on CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Monday, January 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $83.00 target price on shares of CoStar Group in a research note on Friday, January 10th. Finally, StockNews.com downgraded CoStar Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, CoStar Group presently has a consensus rating of “Moderate Buy” and an average price target of $92.33.

Insiders Place Their Bets

In related news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 58,798 shares in the company, valued at $4,696,784.24. This represents a 8.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.57% of the company’s stock.

CoStar Group Price Performance

Shares of NASDAQ CSGP opened at $76.80 on Tuesday. The stock has a market capitalization of $31.48 billion, a price-to-earnings ratio of 174.55 and a beta of 0.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The business has a 50-day moving average of $74.67 and a 200-day moving average of $75.41. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $100.38.

About CoStar Group

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.