Howard Bailey Securities LLC Purchases 482 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Howard Bailey Securities LLC increased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,102 shares of the technology company’s stock after buying an additional 482 shares during the period. Howard Bailey Securities LLC’s holdings in CoStar Group were worth $437,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. ORG Partners LLC raised 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 valued at $30,000 after acquiring an additional 353 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in CoStar Group during the fourth quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of CoStar Group by 17,100.0% in the 4th 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 acquired a new stake in shares of CoStar Group in the 3rd quarter valued at approximately $40,000. Finally, CENTRAL TRUST Co boosted its stake in 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 acquiring an additional 931 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Trading Down 3.6 %

Shares of CSGP stock opened at $73.27 on Thursday. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $100.38. The company has a market capitalization of $30.04 billion, a PE ratio of 166.53 and a beta of 0.87. The firm has a 50 day moving average price of $74.17 and a two-hundred day moving average price of $75.46. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

Several equities research analysts have weighed in on CSGP shares. Citigroup cut their target price on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company began coverage on CoStar Group in a report on Wednesday, February 5th. They set an “underweight” rating and a $65.00 target price on the stock. StockNews.com downgraded CoStar Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. BMO Capital Markets lowered their target price on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $90.00 price target on shares of CoStar Group in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.23.

Insider Transactions at CoStar Group

In other news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction dated 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 owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.57% of the stock is owned by corporate insiders.

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.