Sepio Capital LP lessened its stake in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 4.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,120 shares of the technology company’s stock after selling 340 shares during the quarter. Sepio Capital LP’s holdings in CoStar Group were worth $547,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. West Tower Group LLC bought a new position in shares of CoStar Group in the second quarter valued at approximately $29,000. Quarry LP lifted its holdings in shares of CoStar Group by 75.5% in the first quarter. Quarry LP now owns 358 shares of the technology company’s stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in CoStar Group during the second quarter worth $33,000. Resurgent Financial Advisors LLC bought a new stake in CoStar Group during the fourth quarter worth $30,000. Finally, Rise Advisors LLC lifted its holdings in CoStar Group by 158.4% during the third quarter. Rise Advisors LLC now owns 460 shares of the technology company’s stock worth $35,000 after acquiring an additional 282 shares during the period. Institutional investors own 96.53% of the company’s stock.
In other CoStar Group news, Director John W. Hill sold 3,020 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $84.07, for a total value of $253,891.40. Following the completion of the sale, the director now owns 17,870 shares in the company, valued at approximately $1,502,330.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.58% of the company’s stock.
CoStar Group Price Performance
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on CoStar Group from $114.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday, October 25th. BMO Capital Markets lifted their price target on CoStar Group from $74.00 to $84.00 and gave the stock a “market perform” rating in a report on Wednesday, December 13th. BTIG Research assumed coverage on CoStar Group in a report on Friday, January 19th. They set a “neutral” rating on the stock. Truist Financial dropped their price target on CoStar Group from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Finally, JMP Securities reiterated a “market outperform” rating and set a $90.00 price target on shares of CoStar Group in a report on Thursday, January 18th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and an average price target of $94.18.
CoStar Group Profile
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.
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