Hills Bank & Trust Co Sells 374 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Hills Bank & Trust Co reduced its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,698 shares of the technology company’s stock after selling 374 shares during the quarter. Hills Bank & Trust Co’s holdings in CoStar Group were worth $760,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CSGP. Blue Trust Inc. boosted its holdings in shares of CoStar Group by 125.4% during the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock worth $27,000 after acquiring an additional 173 shares during the period. Pinnacle Bancorp Inc. acquired a new position in CoStar Group in the 4th quarter valued at $37,000. CVA Family Office LLC bought a new position in CoStar Group during the 4th quarter worth $60,000. KB Financial Partners LLC lifted its holdings in shares of CoStar Group by 17.9% during the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after buying an additional 124 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its position in shares of CoStar Group by 78.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,224 shares of the technology company’s stock valued at $107,000 after acquiring an additional 540 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Scott T. Wheeler sold 122,736 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 303,417 shares in the company, valued at approximately $28,099,448.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Desmarais sold 3,800 shares of CoStar Group stock in a transaction 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 of the company’s stock, valued at $5,938,942.29. The disclosure for this sale can be found here. Company insiders own 1.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BMO Capital Markets lifted their price objective on CoStar Group from $84.00 to $88.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. Needham & Company LLC upped their price objective on shares of CoStar Group from $90.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. William Blair reissued an “outperform” rating on shares of CoStar Group in a report on Wednesday, April 24th. Bank of America upped their price target on shares of CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of CoStar Group in a research note on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.46.

CoStar Group Trading Up 1.1 %

CSGP stock traded up $1.02 during mid-day trading on Thursday, reaching $91.34. The company’s stock had a trading volume of 1,121,363 shares, compared to its average volume of 2,135,095. The company has a market cap of $37.30 billion, a price-to-earnings ratio of 125.12, a price-to-earnings-growth ratio of 10.21 and a beta of 0.84. CoStar Group, Inc. has a 12 month low of $67.35 and a 12 month high of $100.38. The business’s 50 day moving average price is $90.98 and its 200 day moving average price is $85.48. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, equities research analysts predict that CoStar Group, Inc. will post 0.45 EPS for the current year.

CoStar Group 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.