BSN CAPITAL PARTNERS Ltd purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 150,857 shares of the technology company’s stock, valued at approximately $10,144,000. CoStar Group makes up approximately 0.5% of BSN CAPITAL PARTNERS Ltd’s investment portfolio, making the stock its 23rd largest holding.
Several other large investors have also recently bought and sold shares of the business. Reflection Asset Management purchased a new stake in CoStar Group in the 4th quarter valued at $27,000. SG Trading Solutions LLC acquired a new stake in CoStar Group during the fourth quarter worth approximately $218,000. Pacer Advisors Inc. increased its position in CoStar Group by 1.6% during the fourth quarter. Pacer Advisors Inc. now owns 64,330 shares of the technology company’s stock worth $4,326,000 after purchasing an additional 1,029 shares during the last quarter. Invesco Ltd. raised its holdings in shares of CoStar Group by 18.7% in the 4th quarter. Invesco Ltd. now owns 5,387,056 shares of the technology company’s stock worth $362,226,000 after purchasing an additional 849,713 shares during the period. Finally, Corient Private Wealth LLC boosted its position in shares of CoStar Group by 9.8% in the fourth quarter. Corient Private Wealth LLC now owns 123,418 shares of the technology company’s stock worth $8,299,000 after buying an additional 11,057 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.
CoStar Group Price Performance
CSGP opened at $30.12 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 502.08, a PEG ratio of 0.77 and a beta of 0.72. CoStar Group, Inc. has a twelve month low of $29.53 and a twelve month high of $97.43. The firm’s 50-day simple moving average is $34.43 and its 200-day simple moving average is $47.92.
Insiders Place Their Bets
In related news, CEO Andrew C. Florance acquired 71,430 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the acquisition, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.18% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on CSGP shares. BMO Capital Markets cut their target price on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. The Goldman Sachs Group lowered their target price on shares of CoStar Group from $63.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a report on Friday, March 27th. Stephens lowered their price objective on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Finally, Wells Fargo & Company reduced their target price on shares of CoStar Group from $40.00 to $33.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.33.
View Our Latest Analysis on CSGP
CoStar Group Company Profile
CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.
In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.
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