L. Roy Papp & Associates LLP Decreases Stake in CoStar Group, Inc. (NASDAQ:CSGP)

L. Roy Papp & Associates LLP lessened its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 1.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 34,740 shares of the technology company’s stock after selling 630 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in CoStar Group were worth $2,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CSGP. State Street Corp increased its holdings in CoStar Group by 4.4% during the third quarter. State Street Corp now owns 17,059,744 shares of the technology company’s stock worth $1,286,987,000 after buying an additional 722,153 shares during the last quarter. Geode Capital Management LLC grew its position in shares of CoStar Group by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 11,308,986 shares of the technology company’s stock valued at $850,656,000 after acquiring an additional 236,407 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of CoStar Group by 2.9% during the 3rd 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 last quarter. JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 1,001,177 shares during the period. Finally, Barclays PLC lifted its stake in CoStar Group by 91.4% in 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. 96.60% of the stock is owned by institutional investors.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.57% of the company’s stock.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $76.00 on Wednesday. The company has a 50 day moving average of $74.25 and a 200 day moving average of $75.48. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a market cap of $31.16 billion, a P/E ratio of 172.73 and a beta of 0.87. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. BMO Capital Markets decreased their target price on 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. JPMorgan Chase & Co. decreased 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 restated an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. JMP Securities reiterated a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a research report on Monday, December 16th. Finally, Wells Fargo & Company assumed coverage on shares of CoStar Group in a research report on Wednesday, February 5th. They issued an “underweight” rating and a $65.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.23.

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.