Stephens Investment Management Group LLC Has $43.90 Million Position in CoStar Group, Inc. (NASDAQ:CSGP)

Stephens Investment Management Group LLC trimmed its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 613,269 shares of the technology company’s stock after selling 5,395 shares during the period. Stephens Investment Management Group LLC’s holdings in CoStar Group were worth $43,904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Diversified Trust Co grew its holdings in CoStar Group by 27.8% during the third quarter. Diversified Trust Co now owns 3,488 shares of the technology company’s stock worth $263,000 after buying an additional 758 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in CoStar Group by 425.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the technology company’s stock worth $158,000 after purchasing an additional 1,700 shares in the last quarter. Inspire Investing LLC increased its stake in CoStar Group by 3.2% in the 3rd quarter. Inspire Investing LLC now owns 54,676 shares of the technology company’s stock valued at $4,125,000 after buying an additional 1,698 shares during the last quarter. CHICAGO TRUST Co NA lifted its position in shares of CoStar Group by 29.1% during the 3rd quarter. CHICAGO TRUST Co NA now owns 17,235 shares of the technology company’s stock worth $1,300,000 after buying an additional 3,890 shares in the last quarter. Finally, Procyon Advisors LLC grew its holdings in shares of CoStar Group by 9.9% in the third quarter. Procyon Advisors LLC now owns 19,180 shares of the technology company’s stock valued at $1,447,000 after acquiring an additional 1,726 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

CoStar Group Trading Down 1.2 %

Shares of CSGP opened at $77.25 on Friday. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $100.38. The firm has a market capitalization of $31.67 billion, a price-to-earnings ratio of 175.57 and a beta of 0.87. The firm’s 50-day moving average price is $74.31 and its 200-day moving average price is $75.49. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13.

Insider Activity

In other news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the sale, the insider now directly owns 58,798 shares of the company’s stock, valued at $4,696,784.24. This represents a 8.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CSGP shares. 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. Citigroup reduced their price objective on CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $83.00 price target on shares of CoStar Group in a research note on Friday, January 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of CoStar Group in a report on Monday, December 9th. Finally, Stephens reiterated an “overweight” rating and set a $103.00 price objective on shares of CoStar Group in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.23.

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.