CoStar Group, Inc. (NASDAQ:CSGP) Shares Acquired by Colonial Trust Co SC

Colonial Trust Co SC increased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 27.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 674 shares of the technology company’s stock after buying an additional 145 shares during the period. Colonial Trust Co SC’s holdings in CoStar Group were worth $48,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Hopwood Financial Services Inc. purchased a new stake in shares of CoStar Group in the fourth quarter valued at approximately $25,000. ORG Partners LLC boosted its stake in CoStar Group by 534.8% during the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after buying an additional 353 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in CoStar Group in the 4th quarter valued at $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of CoStar Group in the 4th quarter worth $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of CoStar Group by 414.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company’s stock worth $36,000 after acquiring an additional 402 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Down 1.7 %

Shares of NASDAQ:CSGP opened at $74.56 on Friday. The firm has a market capitalization of $31.45 billion, a PE ratio of 213.03 and a beta of 0.89. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $91.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.96 and a quick ratio of 9.63. The firm’s 50-day moving average is $78.26 and its two-hundred day moving average is $76.15.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. The firm had revenue of $709.40 million for the quarter, compared to the consensus estimate of $703.00 million. Analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group declared that its Board of Directors has approved a share buyback program on Tuesday, February 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity

In related news, CAO Cynthia Cammett Cann sold 1,749 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $79.90, for a total transaction of $139,745.10. Following the completion of the transaction, the chief accounting officer now directly owns 29,456 shares of the company’s stock, valued at $2,353,534.40. The trade was a 5.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSGP. William Blair started coverage on shares of CoStar Group in a research report on Friday, February 28th. They set a “market perform” rating for the company. Needham & Company LLC raised their price target on shares of CoStar Group from $87.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. The Goldman Sachs Group initiated coverage on CoStar Group in a research report on Friday, February 28th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods raised their target price on CoStar Group from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. decreased their price target on CoStar Group from $99.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.31.

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.