Newfound Research LLC decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) by 21.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,629 shares of the technology company’s stock after selling 444 shares during the quarter. Newfound Research LLC’s holdings in CoStar Group were worth $98,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Allworth Financial LP boosted its position in CoStar Group by 16,125.0% during the first quarter. Allworth Financial LP now owns 649 shares of the technology company’s stock worth $43,000 after purchasing an additional 645 shares in the last quarter. O Dell Group LLC acquired a new stake in shares of CoStar Group in the first quarter valued at about $51,000. CWM LLC grew its stake in CoStar Group by 15.1% during the 1st quarter. CWM LLC now owns 1,230 shares of the technology company’s stock valued at $82,000 after purchasing an additional 161 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in CoStar Group by 28.9% during the 1st quarter. Sugarloaf Wealth Management LLC now owns 1,253 shares of the technology company’s stock worth $83,000 after buying an additional 281 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of CoStar Group in the 4th quarter worth approximately $86,000. Institutional investors and hedge funds own 95.29% of the company’s stock.
Insider Transactions at CoStar Group
In related news, insider Michael J. Desmarais sold 2,000 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $72.51, for a total transaction of $145,020.00. Following the transaction, the insider now owns 39,619 shares of the company’s stock, valued at approximately $2,872,773.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director John W. Hill sold 1,400 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $74.49, for a total value of $104,286.00. Following the completion of the transaction, the director now directly owns 20,598 shares in the company, valued at approximately $1,534,345.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Desmarais sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $72.51, for a total transaction of $145,020.00. Following the sale, the insider now owns 39,619 shares of the company’s stock, valued at $2,872,773.69. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.
Analysts Set New Price Targets
CoStar Group Stock Down 2.0 %
CoStar Group stock traded down $1.39 during midday trading on Friday, hitting $68.71. 81,133 shares of the stock were exchanged, compared to its average volume of 5,420,955. The company has a quick ratio of 11.95, a current ratio of 11.95 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $27.21 billion, a price-to-earnings ratio of 83.45 and a beta of 0.93. CoStar Group, Inc. has a 52-week low of $49.00 and a 52-week high of $101.05. The business’s 50-day moving average price is $70.90 and its 200-day moving average price is $64.47.
CoStar Group (NASDAQ:CSGP – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The technology company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. CoStar Group had a net margin of 16.03% and a return on equity of 7.31%. During the same quarter in the previous year, the company posted $0.22 EPS. On average, research analysts expect that CoStar Group, Inc. will post 0.96 EPS for the current fiscal year.
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. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar COMPS, 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.
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