CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Chicago Capital LLC

Chicago Capital LLC cut its position in CoStar Group, Inc. (NASDAQ:CSGP) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 914,939 shares of the technology company’s stock after selling 6,400 shares during the quarter. CoStar Group accounts for 1.7% of Chicago Capital LLC’s portfolio, making the stock its 22nd largest position. Chicago Capital LLC owned 0.22% of CoStar Group worth $65,500,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC grew its holdings in CoStar Group by 91.4% during the 3rd quarter. Barclays PLC now owns 2,249,188 shares of the technology company’s stock worth $169,678,000 after acquiring an additional 1,073,793 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in CoStar Group by 73.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,358,331 shares of the technology company’s stock worth $177,913,000 after acquiring an additional 1,001,177 shares in the last quarter. State Street Corp grew its holdings in CoStar Group by 4.4% during the 3rd 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. Point72 Asset Management L.P. acquired a new position in CoStar Group during the 3rd quarter worth $48,768,000. Finally, Icon Wealth Advisors LLC boosted its holdings in shares of CoStar Group by 8,314.1% in the 3rd quarter. Icon Wealth Advisors LLC now owns 409,934 shares of the technology company’s stock valued at $30,925,000 after buying an additional 405,062 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total transaction of $439,340.00. Following the completion of the transaction, the insider now directly owns 58,798 shares in the company, valued at $4,696,784.24. This represents a 8.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.57% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CSGP shares. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $83.00 target price on shares of CoStar Group in a research note on Friday, January 10th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of CoStar Group in a research note on Monday, December 9th. Citigroup reduced their target price on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, JMP Securities reissued a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a research note on Monday, December 16th. One equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.33.

CoStar Group Stock Performance

CoStar Group stock opened at $76.60 on Monday. The firm’s 50 day simple moving average is $74.67 and its 200-day simple moving average is $75.41. The company has a market cap of $31.40 billion, a P/E ratio of 174.09 and a beta of 0.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $100.38.

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.