Entropy Technologies LP Trims Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Entropy Technologies LP lowered its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 66.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,421 shares of the technology company’s stock after selling 24,340 shares during the period. Entropy Technologies LP’s holdings in CoStar Group were worth $889,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in CoStar Group by 425.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the technology company’s stock worth $158,000 after acquiring an additional 1,700 shares during the period. Procyon Advisors LLC raised its holdings in CoStar Group by 9.9% in the 3rd quarter. Procyon Advisors LLC now owns 19,180 shares of the technology company’s stock worth $1,447,000 after purchasing an additional 1,726 shares in the last quarter. Sapient Capital LLC lifted its position in shares of CoStar Group by 37.4% in the 3rd quarter. Sapient Capital LLC now owns 23,967 shares of the technology company’s stock worth $1,808,000 after purchasing an additional 6,522 shares during the period. Creative Planning boosted its stake in shares of CoStar Group by 27.9% during the 3rd quarter. Creative Planning now owns 31,828 shares of the technology company’s stock valued at $2,401,000 after purchasing an additional 6,939 shares in the last quarter. Finally, Swedbank AB increased its position in shares of CoStar Group by 469.3% during the third quarter. Swedbank AB now owns 248,043 shares of the technology company’s stock valued at $18,712,000 after buying an additional 204,474 shares during the period. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Down 0.4 %

NASDAQ:CSGP opened at $76.97 on Tuesday. The firm has a 50-day simple moving average of $74.31 and a two-hundred day simple moving average of $75.49. The firm has a market cap of $31.55 billion, a P/E ratio of 174.94 and a beta of 0.87. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63.

Analyst Ratings Changes

Several brokerages have commented on CSGP. StockNews.com lowered shares of CoStar Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Keefe, Bruyette & Woods lowered their target price on CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Stephens restated an “overweight” rating and set a $103.00 price target on shares of CoStar Group in a research report on Wednesday, January 29th. William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. Finally, Wells Fargo & Company assumed coverage on shares of CoStar Group in a report on Wednesday, February 5th. They set an “underweight” rating and a $65.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.23.

Insider Activity at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the completion of the sale, the insider now directly owns 58,798 shares in the company, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.57% of the stock is owned by insiders.

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. 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.