CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lessened its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 227,199 shares of the technology company’s stock after selling 8,562 shares during the quarter. CoStar Group makes up approximately 1.0% of Motley Fool Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Motley Fool Wealth Management LLC owned about 0.06% of CoStar Group worth $19,770,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CSGP. CWM LLC raised its stake in shares of CoStar Group by 8.7% in the 3rd quarter. CWM LLC now owns 4,735 shares of the technology company’s stock valued at $364,000 after purchasing an additional 377 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of CoStar Group by 80.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 13,453 shares of the technology company’s stock valued at $1,034,000 after buying an additional 5,997 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of CoStar Group during the 3rd quarter valued at about $1,019,000. Czech National Bank grew its position in shares of CoStar Group by 47.6% during the 3rd quarter. Czech National Bank now owns 71,369 shares of the technology company’s stock valued at $5,488,000 after buying an additional 23,007 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of CoStar Group by 0.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 267,815 shares of the technology company’s stock valued at $20,592,000 after buying an additional 2,479 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Up 2.6 %

Shares of CSGP traded up $2.31 during mid-day trading on Friday, hitting $92.65. 2,234,096 shares of the company’s stock were exchanged, compared to its average volume of 2,004,094. The firm has a fifty day moving average of $89.77 and a two-hundred day moving average of $84.78. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The stock has a market cap of $37.83 billion, a price-to-earnings ratio of 126.92, a P/E/G ratio of 10.86 and a beta of 0.84. The company has a quick ratio of 12.01, a current ratio of 9.09 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The company had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. During the same quarter in the prior year, the business posted $0.35 EPS. CoStar Group’s quarterly revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts forecast that CoStar Group, Inc. will post 0.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CSGP shares. Robert W. Baird boosted their price objective on shares of CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research note on Wednesday. Keefe, Bruyette & Woods increased their target price on shares of CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Stephens reiterated an “overweight” rating and issued a $105.00 price objective on shares of CoStar Group in a research note on Wednesday. Finally, Needham & Company LLC upped their price objective on shares of CoStar Group from $90.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.46.

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.