Chevy Chase Trust Holdings LLC Has $15.60 Million Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Chevy Chase Trust Holdings LLC lessened its position in CoStar Group, Inc. (NASDAQ:CSGP) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 217,851 shares of the technology company’s stock after selling 4,598 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in CoStar Group were worth $15,596,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSGP. ORG Partners LLC raised its position in CoStar Group by 534.8% in the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock valued at $30,000 after buying an additional 353 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of CoStar Group during the 4th quarter worth approximately $32,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of 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 purchasing an additional 513 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of CoStar Group during the 3rd quarter worth approximately $40,000. Finally, CENTRAL TRUST Co increased its position in shares of 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 purchasing an additional 931 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CSGP shares. Keefe, Bruyette & Woods lowered their price target on CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. BMO Capital Markets lowered their price target on 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. StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Royal Bank of Canada reissued a “sector perform” rating and set a $83.00 target price on shares of CoStar Group in a report on Friday, January 10th. Finally, William Blair reissued an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.23.

CoStar Group Stock Performance

CSGP opened at $74.06 on Friday. The business has a fifty day simple moving average of $73.90 and a 200 day simple moving average of $75.40. The company has a market capitalization of $30.36 billion, a PE ratio of 168.32 and a beta of 0.87. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63.

Insider Activity

In other news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the completion of the sale, the insider now directly owns 58,798 shares in the company, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.57% of the company’s stock.

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.