Massmutual Trust Co. FSB ADV decreased its position in CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) by 15.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,696 shares of the technology company's stock after selling 829 shares during the period. Massmutual Trust Co. FSB ADV's holdings in CoStar Group were worth $327,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in CoStar Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 34,757,886 shares of the technology company's stock worth $2,315,223,000 after purchasing an additional 204,955 shares during the period. Principal Financial Group Inc. lifted its position in shares of CoStar Group by 7.6% during the 2nd quarter. Principal Financial Group Inc. now owns 20,166,548 shares of the technology company's stock valued at $1,218,260,000 after buying an additional 1,424,212 shares in the last quarter. Sands Capital Management LLC grew its stake in CoStar Group by 3.9% in the 1st quarter. Sands Capital Management LLC now owns 10,683,596 shares of the technology company's stock valued at $711,634,000 after acquiring an additional 403,931 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in CoStar Group by 7.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,965,881 shares of the technology company's stock worth $602,039,000 after acquiring an additional 649,193 shares in the last quarter. Finally, Parnassus Investments LLC raised its position in CoStar Group by 1.6% during the second quarter. Parnassus Investments LLC now owns 8,449,885 shares of the technology company's stock worth $510,458,000 after acquiring an additional 131,548 shares during the period. Institutional investors and hedge funds own 95.29% of the company's stock.

CoStar Group Stock Up 0.1 %

CSGP stock opened at $77.98 on Friday. CoStar Group, Inc. has a one year low of $49.00 and a one year high of $85.37. The firm has a market cap of $31.71 billion, a PE ratio of 90.67 and a beta of 0.90. The firm's 50 day moving average price is $78.80 and its 200-day moving average price is $71.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 15.36 and a current ratio of 15.36.

Insider Activity

In related news, insider Michael J. Desmarais sold 1,296 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $82.81, for a total transaction of $107,321.76. Following the completion of the transaction, the insider now owns 36,900 shares of the company's stock, valued at approximately $3,055,689. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Michael J. Desmarais sold 1,296 shares of the firm's stock in a transaction on Friday, October 28th. The stock was sold at an average price of $82.81, for a total transaction of $107,321.76. Following the completion of the transaction, the insider now directly owns 36,900 shares in the company, valued at $3,055,689. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John W. Hill sold 3,650 shares of the business's stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $78.92, for a total value of $288,058.00. Following the completion of the sale, the director now owns 20,734 shares in the company, valued at approximately $1,636,327.28. The disclosure for this sale can be found here. Insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CSGP. Robert W. Baird lifted their target price on shares of CoStar Group to $90.00 in a research report on Thursday, October 27th. BMO Capital Markets initiated coverage on CoStar Group in a research report on Monday, September 12th. They issued a "market perform" rating and a $83.00 target price on the stock. Needham & Company LLC boosted their price target on CoStar Group from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, October 26th. Jefferies Financial Group restated a "hold" rating and issued a $76.00 price objective (up previously from $67.00) on shares of CoStar Group in a report on Tuesday, October 25th. Finally, Royal Bank of Canada upped their target price on shares of CoStar Group from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Wednesday, October 5th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $90.75.

CoStar Group Company Profile

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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. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar COMPS, 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.

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