Chicago Capital LLC Sells 6,400 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Chicago Capital LLC decreased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 914,939 shares of the technology company’s stock after selling 6,400 shares during the quarter. CoStar Group makes up 1.7% of Chicago Capital LLC’s investment portfolio, making the stock its 22nd biggest holding. Chicago Capital LLC’s holdings in CoStar Group were worth $65,500,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. ORG Partners LLC grew its holdings in CoStar Group by 534.8% during the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after acquiring an additional 353 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in CoStar Group during the 4th quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in CoStar Group by 17,100.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock worth $37,000 after acquiring an additional 513 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in CoStar Group during the 3rd quarter worth about $40,000. Finally, CENTRAL TRUST Co grew its holdings in CoStar Group by 1,825.5% during the 4th quarter. CENTRAL TRUST Co now owns 982 shares of the technology company’s stock worth $70,000 after acquiring an additional 931 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP opened at $76.60 on Monday. The company has a market capitalization of $31.40 billion, a price-to-earnings ratio of 174.09 and a beta of 0.87. The firm’s 50 day simple moving average is $74.67 and its 200 day simple moving average is $75.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $100.38.

Analysts Set New Price Targets

CSGP has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada restated a “sector perform” rating and set a $83.00 target price on shares of CoStar Group in a research report on Friday, January 10th. JMP Securities restated a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a research report on Monday, December 16th. BMO Capital Markets cut their target price on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. 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 presently has a consensus rating of “Moderate Buy” and an average price target of $92.33.

Insiders Place Their Bets

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of the firm’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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.57% of the company’s stock.

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.