Boomfish Wealth Group LLC Boosts Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Boomfish Wealth Group LLC raised its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 30,192 shares of the technology company’s stock after acquiring an additional 1,171 shares during the period. Boomfish Wealth Group LLC’s holdings in CoStar Group were worth $2,161,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC boosted its holdings 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 valued at $30,000 after buying an additional 353 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in CoStar Group during the 4th quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in CoStar Group by 17,100.0% in the fourth 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 period. Ashton Thomas Securities LLC purchased a new position in shares of CoStar Group during the third quarter valued at approximately $40,000. Finally, Quarry LP bought a new stake in shares of CoStar Group in the 2nd quarter worth approximately $54,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insider Activity at CoStar Group

In related 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 transaction, the insider now directly owns 58,798 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 1.57% of the stock is currently owned by company insiders.

CoStar Group Trading Up 1.2 %

CoStar Group stock opened at $76.52 on Friday. The business has a 50-day simple moving average of $74.75 and a two-hundred day simple moving average of $75.41. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38. 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 cap of $31.37 billion, a P/E ratio of 173.91 and a beta of 0.85.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CSGP shares. Stephens reissued an “overweight” rating and issued a $103.00 target price on shares of CoStar Group in a research note on Wednesday. BMO Capital Markets reduced their price target on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price objective on CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Citigroup reduced their target price on CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $83.00 price target on shares of CoStar Group in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.33.

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.