First National Bank of Mount Dora Trust Investment Services Invests $1.63 Million in CoStar Group, Inc. (NASDAQ:CSGP)

First National Bank of Mount Dora Trust Investment Services acquired a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGPFree Report) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 16,832 shares of the technology company’s stock, valued at approximately $1,626,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bamco Inc. NY lifted its holdings in shares of CoStar Group by 0.5% during the 3rd quarter. Bamco Inc. NY now owns 19,196,502 shares of the technology company’s stock worth $1,476,019,000 after acquiring an additional 91,399 shares during the last quarter. Norges Bank purchased a new stake in CoStar Group during the fourth quarter valued at about $406,934,000. Brown Advisory Inc. lifted its stake in CoStar Group by 10.1% during the fourth quarter. Brown Advisory Inc. now owns 4,144,721 shares of the technology company’s stock worth $362,207,000 after purchasing an additional 380,859 shares during the last quarter. Capital International Investors boosted its stake in CoStar Group by 32.2% in the fourth quarter. Capital International Investors now owns 4,036,609 shares of the technology company’s stock worth $352,759,000 after buying an additional 982,837 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of CoStar Group by 2.5% in the 3rd quarter. Northern Trust Corp now owns 3,835,126 shares of the technology company’s stock valued at $294,883,000 after purchasing an additional 92,169 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Scott T. Wheeler sold 122,736 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the sale, the chief financial officer now owns 303,417 shares of the company’s stock, valued at $28,099,448.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Michael J. Desmarais sold 3,800 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $92.67, for a total value of $352,146.00. Following the transaction, the insider now directly owns 64,087 shares of the company’s stock, valued at approximately $5,938,942.29. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Scott T. Wheeler sold 122,736 shares of CoStar Group stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the sale, the chief financial officer now owns 303,417 shares of the company’s stock, valued at $28,099,448.37. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CSGP. Robert W. Baird upped their price objective on shares of CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Bank of America boosted their price objective on shares of CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. JMP Securities reissued a “market outperform” rating and issued a $110.00 target price on shares of CoStar Group in a research note on Tuesday. Needham & Company LLC raised their price target on shares of CoStar Group from $90.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods boosted their target price on CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and a consensus target price of $102.46.

Get Our Latest Stock Report on CoStar Group

CoStar Group Trading Up 0.3 %

CSGP traded up $0.25 during trading on Friday, hitting $73.32. 2,915,881 shares of the stock were exchanged, compared to its average volume of 2,174,527. The firm has a market cap of $29.94 billion, a price-to-earnings ratio of 100.10, a P/E/G ratio of 10.83 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.09 and a current ratio of 9.09. CoStar Group, Inc. has a 1 year low of $67.35 and a 1 year high of $100.38. The firm has a 50 day simple moving average of $84.27 and a 200 day simple moving average of $85.96.

CoStar Group (NASDAQ:CSGPGet Free Report) last issued its earnings results on Tuesday, April 23rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The company had revenue of $656.40 million for the quarter, compared to analysts’ expectations of $649.27 million. As a group, equities analysts expect that CoStar Group, Inc. will post 0.45 EPS for the current year.

CoStar Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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