WINTON GROUP Ltd purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,285 shares of the technology company’s stock, valued at approximately $1,229,000.
A number of other large investors have also modified their holdings of CSGP. Atria Wealth Solutions Inc. boosted its stake in CoStar Group by 27.9% in the 1st quarter. Atria Wealth Solutions Inc. now owns 9,956 shares of the technology company’s stock worth $789,000 after purchasing an additional 2,170 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of CoStar Group in the first quarter worth $31,000. Nuveen LLC acquired a new stake in shares of CoStar Group during the first quarter worth $82,756,000. Independent Advisor Alliance grew its holdings in shares of CoStar Group by 20.8% during the first quarter. Independent Advisor Alliance now owns 4,058 shares of the technology company’s stock valued at $322,000 after buying an additional 700 shares during the last quarter. Finally, Callan Family Office LLC grew its holdings in shares of CoStar Group by 18.8% during the first quarter. Callan Family Office LLC now owns 7,609 shares of the technology company’s stock valued at $603,000 after buying an additional 1,205 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.
CoStar Group Stock Down 0.1%
CoStar Group stock opened at $67.87 on Thursday. The business’s 50-day moving average price is $71.80 and its 200 day moving average price is $80.73. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The firm has a market cap of $28.76 billion, a price-to-earnings ratio of 1,357.40, a price-to-earnings-growth ratio of 3.29 and a beta of 0.84. CoStar Group, Inc. has a 52 week low of $63.82 and a 52 week high of $97.43.
Wall Street Analyst Weigh In
A number of analysts have commented on CSGP shares. Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a research report on Wednesday, October 29th. BTIG Research initiated coverage on CoStar Group in a report on Friday, October 3rd. They set a “neutral” rating for the company. Needham & Company LLC reiterated a “buy” rating and issued a $105.00 price target on shares of CoStar Group in a report on Monday. Wolfe Research initiated coverage on shares of CoStar Group in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price target for the company. Finally, Wells Fargo & Company set a $60.00 price objective on shares of CoStar Group and gave the company an “underweight” rating in a research note on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.38.
Read Our Latest Research Report on CoStar Group
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.
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