Westfield Capital Management Co. LP Buys 731,375 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Westfield Capital Management Co. LP boosted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 109.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,398,896 shares of the technology company’s stock after acquiring an additional 731,375 shares during the period. CoStar Group accounts for 0.7% of Westfield Capital Management Co. LP’s portfolio, making the stock its 28th largest holding. Westfield Capital Management Co. LP’s holdings in CoStar Group were worth $122,249,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in shares of CoStar Group by 125.4% in the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after purchasing an additional 173 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new position in shares of CoStar Group in the 4th quarter worth $37,000. CVA Family Office LLC bought a new stake in shares of CoStar Group in the 4th quarter worth about $60,000. KB Financial Partners LLC raised its position in shares of CoStar Group by 17.9% during the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock valued at $63,000 after buying an additional 124 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in shares of CoStar Group by 78.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,224 shares of the technology company’s stock valued at $107,000 after acquiring an additional 540 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Trading Up 0.3 %

Shares of CoStar Group stock traded up $0.24 on Friday, hitting $85.93. 1,236,252 shares of the company traded hands, compared to its average volume of 2,068,426. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13. The company has a market cap of $35.09 billion, a PE ratio of 117.71, a PEG ratio of 12.98 and a beta of 0.84. The stock’s 50 day moving average price is $90.97 and its 200-day moving average price is $86.61. CoStar Group, Inc. has a 52 week low of $67.35 and a 52 week high of $100.38.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, April 23rd. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. The business had revenue of $656.40 million during the quarter, compared to analyst estimates of $649.27 million. Equities research analysts predict that CoStar Group, Inc. will post 0.45 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on CSGP. Keefe, Bruyette & Woods upped their price objective on CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Stephens restated an “overweight” rating and issued a $105.00 price target on shares of CoStar Group in a research report on Wednesday, April 24th. 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. BMO Capital Markets increased their target price on shares of CoStar Group from $84.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price target on shares of CoStar Group in a research note on Friday, April 12th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.46.

Insiders Place Their Bets

In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the transaction, the chief financial officer now owns 303,417 shares of the company’s stock, valued at approximately $28,099,448.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Michael J. Desmarais sold 3,800 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $92.67, for a total transaction of $352,146.00. Following the sale, the insider now owns 64,087 shares of the company’s stock, valued at $5,938,942.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Scott T. Wheeler sold 122,736 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the completion of the transaction, the chief financial officer now owns 303,417 shares of the company’s stock, valued at $28,099,448.37. The disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.

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.