Linden Thomas Advisory Services LLC Sells 317 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Linden Thomas Advisory Services LLC trimmed its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 42,998 shares of the technology company’s stock after selling 317 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in CoStar Group were worth $3,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vulcan Value Partners LLC increased its stake in CoStar Group by 90.1% in the second quarter. Vulcan Value Partners LLC now owns 4,138,987 shares of the technology company’s stock valued at $306,831,000 after purchasing an additional 1,961,917 shares in the last quarter. Barclays PLC increased its position in CoStar Group by 91.4% in the 3rd quarter. Barclays PLC now owns 2,249,188 shares of the technology company’s stock valued at $169,678,000 after buying an additional 1,073,793 shares in the last quarter. JPMorgan Chase & Co. increased its position in CoStar Group by 73.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,358,331 shares of the technology company’s stock valued at $177,913,000 after buying an additional 1,001,177 shares in the last quarter. Select Equity Group L.P. acquired a new position in CoStar Group during the 2nd quarter worth approximately $60,761,000. Finally, State Street Corp boosted its holdings in CoStar Group by 4.4% in the third quarter. State Street Corp now owns 17,059,744 shares of the technology company’s stock worth $1,286,987,000 after acquiring an additional 722,153 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $74.16 on Friday. The business’s fifty day simple moving average is $74.62 and its 200 day simple moving average is $75.35. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38. The firm has a market capitalization of $30.40 billion, a P/E ratio of 168.55 and a beta of 0.85.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $692.60 million for the quarter, compared to analysts’ expectations of $695.91 million. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 EPS. As a group, analysts anticipate that CoStar Group, Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

CSGP has been the subject of several recent research reports. William Blair restated an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. BMO Capital Markets lowered their price objective on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of CoStar Group in a research report on Monday, December 9th. JMP Securities restated a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a report on Monday, December 16th. Finally, StockNews.com downgraded CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.92.

Insider Buying and Selling

In related news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the transaction, the insider now owns 58,798 shares in the company, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.57% of the stock is currently owned by corporate insiders.

CoStar Group Company 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.