Mirae Asset Global Investments Co. Ltd. Trims Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 12.2% in the 4th quarter, HoldingsChannel reports. The fund owned 109,696 shares of the technology company’s stock after selling 15,202 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CoStar Group were worth $7,922,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC grew 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 worth $30,000 after purchasing an additional 353 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in CoStar Group during the fourth quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of CoStar Group by 17,100.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock valued at $37,000 after acquiring an additional 513 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of CoStar Group in the 3rd quarter valued at approximately $40,000. Finally, CENTRAL TRUST Co lifted its holdings in shares of CoStar Group by 1,825.5% in the 4th quarter. CENTRAL TRUST Co now owns 982 shares of the technology company’s stock worth $70,000 after acquiring an additional 931 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Stock Performance

Shares of CSGP stock opened at $77.25 on Friday. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The company has a market cap of $31.67 billion, a P/E ratio of 175.57 and a beta of 0.87. The firm has a fifty day moving average price of $74.39 and a 200 day moving average price of $75.48.

Insider Activity

In related news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group 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 sale, the insider now directly owns 58,798 shares in the company, valued at $4,696,784.24. This trade represents a 8.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.57% of the company’s stock.

Analyst Ratings Changes

CSGP has been the topic of a number of research analyst reports. StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. Stephens reiterated an “overweight” rating and issued a $103.00 price objective on shares of CoStar Group in a report on Wednesday, January 29th. William Blair restated an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. Keefe, Bruyette & Woods reduced their price target on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Finally, BMO Capital Markets dropped their price objective on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and a consensus target price of $90.23.

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.