Blue Zone Wealth Advisors LLC Acquires 4,369 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Blue Zone Wealth Advisors LLC boosted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 7.9% during the fourth quarter, HoldingsChannel reports. The fund owned 59,673 shares of the technology company’s stock after purchasing an additional 4,369 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in CoStar Group were worth $4,272,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CSGP. Barclays PLC grew its holdings in CoStar Group by 91.4% during the 3rd quarter. Barclays PLC now owns 2,249,188 shares of the technology company’s stock worth $169,678,000 after acquiring an additional 1,073,793 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of CoStar Group by 73.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,358,331 shares of the technology company’s stock valued at $177,913,000 after purchasing an additional 1,001,177 shares during the last quarter. State Street Corp boosted its stake in shares of CoStar Group by 4.4% in the 3rd quarter. State Street Corp now owns 17,059,744 shares of the technology company’s stock valued at $1,286,987,000 after purchasing an additional 722,153 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of CoStar Group in the 3rd quarter valued at $48,768,000. Finally, Icon Wealth Advisors LLC boosted its stake in shares of CoStar Group by 8,314.1% in the 3rd quarter. Icon Wealth Advisors LLC now owns 409,934 shares of the technology company’s stock valued at $30,925,000 after purchasing an additional 405,062 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on CSGP. JMP Securities reaffirmed a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a research note on Monday, December 16th. Wells Fargo & Company began coverage on shares of CoStar Group in a research note on Wednesday, February 5th. They issued an “underweight” rating and a $65.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of CoStar Group in a research report on Monday, December 9th. Finally, William Blair reiterated an “outperform” rating on shares of CoStar Group in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.23.

CoStar Group Stock Performance

Shares of CSGP stock opened at $74.06 on Friday. The firm has a 50-day moving average of $73.90 and a 200-day moving average of $75.40. The company has a market cap of $30.36 billion, a P/E ratio of 168.32 and a beta of 0.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38.

Insider Activity

In other news, insider Michael J. Desmarais sold 5,500 shares of the 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 in the company, valued at $4,696,784.24. This represents a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.57% of the stock is currently 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.