Allspring Global Investments Holdings LLC Purchases 31,152 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Allspring Global Investments Holdings LLC grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 6.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 482,712 shares of the technology company’s stock after buying an additional 31,152 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CoStar Group were worth $34,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. ORG Partners LLC lifted its position in shares of CoStar Group by 534.8% during the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after buying an additional 353 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of CoStar Group during the 4th quarter worth approximately $32,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of CoStar Group by 17,100.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock worth $37,000 after purchasing an additional 513 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of CoStar Group during the 3rd quarter worth approximately $40,000. Finally, CENTRAL TRUST Co increased its stake in shares of CoStar Group by 1,825.5% during the 4th quarter. CENTRAL TRUST Co now owns 982 shares of the technology company’s stock worth $70,000 after purchasing an additional 931 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

CoStar Group stock opened at $74.06 on Friday. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $30.36 billion, a PE ratio of 168.32 and a beta of 0.87. The firm has a fifty day simple moving average of $73.97 and a two-hundred day simple moving average of $75.43. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. Wells Fargo & Company assumed coverage on shares of CoStar Group in a research note on Wednesday, February 5th. They set an “underweight” rating and a $65.00 price target for the company. Citigroup decreased their price target 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. JMP Securities restated a “market outperform” rating and set a $90.00 price target on shares of CoStar Group in a research note on Monday, December 16th. Finally, William Blair reiterated an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.23.

Insiders Place Their Bets

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were 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 of the company’s stock, valued at $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.57% of the stock is currently owned by insiders.

CoStar Group 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.