ORG Wealth Partners LLC Invests $178,000 in CoStar Group, Inc. (NASDAQ:CSGP)

ORG Wealth Partners LLC bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,487 shares of the technology company’s stock, valued at approximately $178,000.

Several other hedge funds have also recently added to or reduced their stakes in CSGP. ORG Partners LLC raised its holdings in shares of CoStar Group by 534.8% in the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after buying an additional 353 shares in the last quarter. Baker Tilly Wealth Management LLC increased its holdings in shares of CoStar Group by 18.7% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 7,777 shares of the technology company’s stock worth $557,000 after buying an additional 1,224 shares in the last quarter. Douglas Lane & Associates LLC bought a new position in shares of CoStar Group in the fourth quarter valued at approximately $27,446,000. One Wealth Capital Management LLC acquired a new position in shares of CoStar Group in the 4th quarter worth approximately $324,000. Finally, Westwind Capital grew its position in CoStar Group by 1.9% during the 4th quarter. Westwind Capital now owns 170,564 shares of the technology company’s stock worth $12,211,000 after acquiring an additional 3,110 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of CoStar Group in a research note on Monday, December 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $83.00 price objective on shares of CoStar Group in a report on Friday. JPMorgan Chase & Co. dropped their target price on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Stephens reissued an “overweight” rating and set a $103.00 price target on shares of CoStar Group in a research note on Thursday, January 2nd. Finally, JMP Securities restated a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a research report on Monday, December 16th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, CoStar Group has an average rating of “Moderate Buy” and a consensus price target of $93.08.

Insider Transactions at CoStar Group

In other CoStar Group news, Director Michael R. Klein sold 71,633 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the sale, the director now directly owns 1,913,501 shares in the company, valued at approximately $142,919,389.69. This trade represents a 3.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael J. Desmarais sold 5,500 shares of the company’s 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 completion of the transaction, the insider now owns 58,798 shares of the company’s stock, valued at $4,696,784.24. This trade represents a 8.55 % decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

CoStar Group Trading Down 2.1 %

CoStar Group stock traded down $1.52 during midday trading on Friday, hitting $69.82. 947,268 shares of the stock were exchanged, compared to its average volume of 1,910,853. The stock has a market capitalization of $28.62 billion, a PE ratio of 158.69 and a beta of 0.85. The company has a fifty day simple moving average of $75.09 and a two-hundred day simple moving average of $75.43. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $100.38.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $692.60 million during the quarter, compared to analysts’ expectations of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. Equities research analysts anticipate that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

About CoStar Group

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.