Azimuth Capital Investment Management LLC Decreases Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Azimuth Capital Investment Management LLC decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,102 shares of the technology company’s stock after selling 210 shares during the quarter. Azimuth Capital Investment Management LLC’s holdings in CoStar Group were worth $8,311,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of CoStar Group by 1,393.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 12,189 shares of the technology company’s stock valued at $1,065,000 after acquiring an additional 11,373 shares during the period. Deutsche Bank AG raised its stake in shares of CoStar Group by 37.1% in the third quarter. Deutsche Bank AG now owns 739,725 shares of the technology company’s stock valued at $56,877,000 after acquiring an additional 200,183 shares during the period. Harvest Fund Management Co. Ltd raised its stake in shares of CoStar Group by 11.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,589 shares of the technology company’s stock valued at $312,000 after acquiring an additional 376 shares during the period. Simplicity Solutions LLC raised its stake in shares of CoStar Group by 5.7% in the fourth quarter. Simplicity Solutions LLC now owns 7,971 shares of the technology company’s stock valued at $697,000 after acquiring an additional 431 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of CoStar Group by 70.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 60,163 shares of the technology company’s stock valued at $5,258,000 after acquiring an additional 24,866 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Jefferies Financial Group upped their price target on shares of CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, April 12th. William Blair restated an “outperform” rating on shares of CoStar Group in a report on Wednesday, April 24th. Stephens restated an “overweight” rating and issued a $105.00 price target on shares of CoStar Group in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group upped their price target on shares of CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.46.

Read Our Latest Stock Report on CSGP

Insider Activity at CoStar Group

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

CoStar Group Stock Down 1.1 %

Shares of NASDAQ:CSGP traded down $0.84 during trading on Friday, reaching $76.21. The stock had a trading volume of 3,343,076 shares, compared to its average volume of 2,111,354. CoStar Group, Inc. has a one year low of $67.35 and a one year high of $100.38. The company has a market capitalization of $31.12 billion, a P/E ratio of 104.23, a PEG ratio of 11.62 and a beta of 0.83. 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 firm’s 50-day simple moving average is $88.06 and its 200 day simple moving average is $86.59.

CoStar Group (NASDAQ:CSGPGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $656.40 million for the quarter, compared to analysts’ expectations of $649.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. As a group, research analysts expect that CoStar Group, Inc. will post 0.45 EPS for the current fiscal year.

CoStar Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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