FineMark National Bank & Trust Sells 668 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

FineMark National Bank & Trust trimmed its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,797 shares of the technology company’s stock after selling 668 shares during the period. FineMark National Bank & Trust’s holdings in CoStar Group were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSGP. US Bancorp DE grew its holdings in CoStar Group by 2.8% during the 3rd quarter. US Bancorp DE now owns 94,272 shares of the technology company’s stock worth $7,249,000 after acquiring an additional 2,544 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of CoStar Group by 3.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 116,318 shares of the technology company’s stock valued at $8,944,000 after buying an additional 4,371 shares during the last quarter. Signaturefd LLC lifted its position in shares of CoStar Group by 11.5% during the third quarter. Signaturefd LLC now owns 5,206 shares of the technology company’s stock valued at $400,000 after buying an additional 538 shares during the last quarter. Ieq Capital LLC lifted its position in shares of CoStar Group by 35.6% during the third quarter. Ieq Capital LLC now owns 7,001 shares of the technology company’s stock valued at $538,000 after buying an additional 1,839 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its position in shares of CoStar Group by 2.8% during the third quarter. HBK Sorce Advisory LLC now owns 4,978 shares of the technology company’s stock valued at $383,000 after buying an additional 135 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Scott T. Wheeler sold 122,736 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the sale, the chief financial officer now owns 303,417 shares of the company’s stock, valued at approximately $28,099,448.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Scott T. Wheeler sold 122,736 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the sale, the chief financial officer now owns 303,417 shares of the company’s stock, valued at approximately $28,099,448.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Desmarais sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $92.67, for a total transaction of $352,146.00. Following the sale, the insider now directly owns 64,087 shares in the company, valued at approximately $5,938,942.29. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $85.93 on Friday. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The company’s 50 day moving average is $90.97 and its 200 day moving average is $86.67. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13. The company has a market cap of $35.09 billion, a PE ratio of 117.71, a price-to-earnings-growth ratio of 12.80 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, April 23rd. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The company had revenue of $656.40 million for the quarter, compared to the consensus estimate of $649.27 million. On average, sell-side analysts forecast that CoStar Group, Inc. will post 0.45 EPS for the current year.

Wall Street Analyst Weigh In

CSGP has been the subject of several analyst reports. BMO Capital Markets increased their price target on shares of CoStar Group from $84.00 to $88.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. The Goldman Sachs Group increased their price target on shares of CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Robert W. Baird increased their price target on shares of CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Bank of America increased their price target on shares of CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Stephens reissued an “overweight” rating and set a $105.00 price target on shares of CoStar Group in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, CoStar Group has a consensus rating of “Moderate Buy” and a consensus target price of $102.46.

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.