DAVENPORT & Co LLC Sells 835 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

DAVENPORT & Co LLC trimmed its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,403 shares of the technology company’s stock after selling 835 shares during the period. DAVENPORT & Co LLC’s holdings in CoStar Group were worth $5,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. ORG Partners LLC boosted its holdings in CoStar Group by 534.8% during the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after purchasing an additional 353 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of CoStar Group in the fourth quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of CoStar Group by 17,100.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock valued at $37,000 after purchasing an additional 513 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of CoStar Group in the third quarter valued at approximately $40,000. Finally, Brooklyn Investment Group purchased a new position in CoStar Group during the third quarter valued at approximately $91,000. 96.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on CSGP. BMO Capital Markets cut their price target on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. William Blair restated an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. StockNews.com lowered shares of CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of CoStar Group in a research report on Monday, December 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $83.00 target price on shares of CoStar Group in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $92.33.

CoStar Group Trading Up 0.3 %

CSGP stock opened at $76.80 on Tuesday. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $100.38. 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 company has a market capitalization of $31.48 billion, a price-to-earnings ratio of 174.55 and a beta of 0.87. The business has a 50 day simple moving average of $74.67 and a two-hundred day simple moving average of $75.41.

CoStar Group Company 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.