CoStar Group, Inc. (NASDAQ:CSGP) Stake Raised by Vantage Investment Partners LLC

Vantage Investment Partners LLC grew its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 21.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 614,014 shares of the technology company’s stock after buying an additional 108,998 shares during the quarter. CoStar Group accounts for about 3.8% of Vantage Investment Partners LLC’s portfolio, making the stock its 7th largest holding. Vantage Investment Partners LLC owned about 0.15% of CoStar Group worth $43,957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Barclays PLC increased its stake in shares of CoStar Group by 91.4% during the third quarter. Barclays PLC now owns 2,249,188 shares of the technology company’s stock worth $169,678,000 after purchasing an additional 1,073,793 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in 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 buying an additional 1,001,177 shares during the last quarter. State Street Corp raised its holdings in shares of CoStar Group by 4.4% during the third quarter. State Street Corp now owns 17,059,744 shares of the technology company’s stock valued at $1,286,987,000 after acquiring an additional 722,153 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of CoStar Group during the third quarter valued at approximately $48,768,000. Finally, Icon Wealth Advisors LLC lifted its position in shares of CoStar Group by 8,314.1% in the third quarter. Icon Wealth Advisors LLC now owns 409,934 shares of the technology company’s stock valued at $30,925,000 after acquiring an additional 405,062 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was 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 in the company, valued at $4,696,784.24. This trade represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on CSGP shares. William Blair reissued an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. JMP Securities reiterated a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a research report on Monday, December 16th. StockNews.com lowered shares of CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. BMO Capital Markets cut their price objective on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered their target price on CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.92.

CoStar Group Trading Up 3.1 %

NASDAQ CSGP opened at $76.46 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38. The firm has a market cap of $31.34 billion, a price-to-earnings ratio of 173.77 and a beta of 0.85. The firm has a 50 day simple moving average of $74.62 and a 200-day simple moving average of $75.40.

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.