UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 4.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,521,571 shares of the technology company’s stock after purchasing an additional 95,878 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.62% of CoStar Group worth $71,411,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CSGP. Reflection Asset Management acquired a new position in CoStar Group during the 4th quarter valued at about $27,000. Lloyd Advisory Services LLC. acquired a new position in CoStar Group during the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of CoStar Group by 25,650.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after buying an additional 513 shares during the period. JPL Wealth Management LLC acquired a new position in CoStar Group in the third quarter valued at approximately $48,000. Finally, DV Equities LLC acquired a new position in shares of CoStar Group in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.
CoStar Group Price Performance
Shares of CSGP opened at $31.26 on Thursday. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 164.53, a PEG ratio of 0.82 and a beta of 0.75. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $30.21 and its 200-day simple moving average is $35.52. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $91.89.
Insider Buying and Selling at CoStar Group
In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the transaction, the chief accounting officer owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew C. Florance bought 83,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the transaction, the chief executive officer owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.18% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Needham & Company LLC decreased their price target on shares of CoStar Group from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Wells Fargo & Company set a $26.00 price objective on CoStar Group and gave the stock an “underweight” rating in a research report on Wednesday, June 24th. Bank of America reduced their target price on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Finally, BTIG Research decreased their price target on CoStar Group from $55.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.11.
View Our Latest Research Report on CSGP
CoStar Group 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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