Forsta AP Fonden Raises Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Forsta AP Fonden lifted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 1.6% during the 4th quarter, HoldingsChannel reports. The firm owned 83,300 shares of the technology company’s stock after acquiring an additional 1,300 shares during the quarter. Forsta AP Fonden’s holdings in CoStar Group were worth $5,963,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Foster Victor Wealth Advisors LLC raised its holdings in shares of CoStar Group by 12.6% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 187,869 shares of the technology company’s stock worth $13,874,000 after acquiring an additional 20,977 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in shares of CoStar Group in the fourth quarter valued at $389,000. Vantage Investment Partners LLC increased its position in CoStar Group by 21.6% in the fourth quarter. Vantage Investment Partners LLC now owns 614,014 shares of the technology company’s stock worth $43,957,000 after purchasing an additional 108,998 shares during the last quarter. Pacer Advisors Inc. raised its stake in CoStar Group by 9.3% during the fourth quarter. Pacer Advisors Inc. now owns 55,337 shares of the technology company’s stock valued at $3,962,000 after purchasing an additional 4,716 shares in the last quarter. Finally, KBC Group NV lifted its position in CoStar Group by 10.6% during the fourth quarter. KBC Group NV now owns 92,730 shares of the technology company’s stock valued at $6,638,000 after purchasing an additional 8,907 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Stock Performance

CoStar Group stock opened at $76.60 on Friday. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $100.38. The company has a market capitalization of $31.40 billion, a PE ratio of 174.09 and a beta of 0.85. The company has a 50 day moving average price of $74.74 and a 200-day moving average price of $75.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63.

Analyst Upgrades and Downgrades

CSGP has been the topic of a number of research reports. Keefe, Bruyette & Woods reduced their target price on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a report on Tuesday. William Blair restated an “outperform” rating on shares of CoStar Group in a research report on Monday, January 6th. BMO Capital Markets dropped their target price on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of CoStar Group in a report on Monday, December 9th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $92.33.

Insider Activity

In other news, insider Michael J. Desmarais sold 5,500 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total transaction of $439,340.00. Following the transaction, the insider now directly owns 58,798 shares in the company, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.57% of the company’s stock.

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.