Howard Bailey Securities LLC Buys 482 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Howard Bailey Securities LLC lifted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 8.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,102 shares of the technology company’s stock after buying an additional 482 shares during the period. Howard Bailey Securities LLC’s holdings in CoStar Group were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of CoStar Group by 425.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the technology company’s stock worth $158,000 after buying an additional 1,700 shares during the last quarter. Creative Planning lifted its holdings in shares of CoStar Group by 27.9% in the third quarter. Creative Planning now owns 31,828 shares of the technology company’s stock worth $2,401,000 after acquiring an additional 6,939 shares during the last quarter. Swedbank AB boosted its stake in shares of CoStar Group by 469.3% in the 3rd quarter. Swedbank AB now owns 248,043 shares of the technology company’s stock valued at $18,712,000 after purchasing an additional 204,474 shares in the last quarter. Regatta Capital Group LLC boosted its stake in shares of CoStar Group by 2.0% in the 3rd quarter. Regatta Capital Group LLC now owns 11,906 shares of the technology company’s stock valued at $898,000 after purchasing an additional 239 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC grew its holdings in shares of CoStar Group by 34.6% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 166,892 shares of the technology company’s stock valued at $12,634,000 after purchasing an additional 42,938 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on CSGP. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of CoStar Group in a research note on Monday, December 9th. BMO Capital Markets dropped their target price 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. JPMorgan Chase & Co. decreased their price target on CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company began coverage on CoStar Group in a research report on Wednesday, February 5th. They set an “underweight” rating and a $65.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $83.00 target price on shares of CoStar Group in a report on Friday, January 10th. Two analysts have 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $90.23.

CoStar Group Stock Performance

Shares of CSGP stock opened at $73.27 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The firm has a 50-day moving average of $74.17 and a 200-day moving average of $75.46. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38. The company has a market cap of $30.04 billion, a P/E ratio of 166.53 and a beta of 0.87.

Insiders Place Their Bets

In other news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the sale, the insider now directly owns 58,798 shares in the company, valued at $4,696,784.24. The trade was a 8.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.57% of the stock is currently owned by 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.