Brown Advisory Inc. reduced its holdings in CoStar Group Inc (NASDAQ:CSGP) by 8.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,571 shares of the technology company’s stock after selling 1,492 shares during the quarter. Brown Advisory Inc.’s holdings in CoStar Group were worth $5,591,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CSGP. Mackenzie Financial Corp lifted its holdings in shares of CoStar Group by 100.6% in the 4th quarter. Mackenzie Financial Corp now owns 423,354 shares of the technology company’s stock valued at $142,814,000 after buying an additional 212,278 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of CoStar Group by 73.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 478,297 shares of the technology company’s stock valued at $201,288,000 after buying an additional 202,743 shares during the period. BlackRock Inc. lifted its holdings in shares of CoStar Group by 7.0% in the 4th quarter. BlackRock Inc. now owns 3,061,248 shares of the technology company’s stock valued at $1,032,680,000 after buying an additional 200,620 shares during the period. Citadel Advisors LLC lifted its holdings in shares of CoStar Group by 160.5% in the 3rd quarter. Citadel Advisors LLC now owns 242,528 shares of the technology company’s stock valued at $102,066,000 after buying an additional 149,415 shares during the period. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of CoStar Group by 42,518.1% in the 3rd quarter. Rehmann Capital Advisory Group now owns 134,247 shares of the technology company’s stock valued at $319,000 after buying an additional 133,932 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Scott T. Wheeler sold 5,396 shares of CoStar Group stock in a transaction on Friday, March 1st. The stock was sold at an average price of $476.11, for a total transaction of $2,569,089.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John W. Hill sold 1,042 shares of CoStar Group stock in a transaction on Wednesday, December 26th. The stock was sold at an average price of $330.88, for a total value of $344,776.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,461 shares of company stock valued at $31,346,029. 2.47% of the stock is currently owned by insiders.

CSGP has been the subject of several recent analyst reports. Zacks Investment Research cut CoStar Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 25th. BidaskClub raised CoStar Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine raised CoStar Group from a “hold” rating to a “buy” rating in a report on Monday, February 4th. SunTrust Banks lifted their price objective on CoStar Group to $460.00 and gave the stock a “positive” rating in a report on Wednesday, February 27th. Finally, Wells Fargo & Co lifted their price objective on CoStar Group from $475.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $457.22.

Shares of CSGP stock opened at $469.13 on Friday. The firm has a market cap of $17.10 billion, a P/E ratio of 63.40, a PEG ratio of 3.08 and a beta of 1.46. CoStar Group Inc has a 1 year low of $315.85 and a 1 year high of $484.92.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, February 26th. The technology company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.28. The firm had revenue of $315.57 million during the quarter, compared to analysts’ expectations of $310.19 million. CoStar Group had a return on equity of 9.30% and a net margin of 20.00%. CoStar Group’s revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 earnings per share. Analysts predict that CoStar Group Inc will post 9.03 EPS for the current year.

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CoStar Group Profile

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land.

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

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