Creative Planning boosted its position in CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) by 18.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,849 shares of the technology company's stock after buying an additional 2,004 shares during the period. Creative Planning's holdings in CoStar Group were worth $895,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its position in CoStar Group by 43.3% in the 2nd quarter. Lazard Asset Management LLC now owns 493 shares of the technology company's stock worth $29,000 after purchasing an additional 149 shares in the last quarter. McIlrath & Eck LLC boosted its position in CoStar Group by 88.7% in the 2nd quarter. McIlrath & Eck LLC now owns 717 shares of the technology company's stock worth $43,000 after purchasing an additional 337 shares in the last quarter. American National Bank purchased a new stake in CoStar Group in the 3rd quarter worth approximately $51,000. Harbor Investment Advisory LLC boosted its position in CoStar Group by 39.0% in the 3rd quarter. Harbor Investment Advisory LLC now owns 1,016 shares of the technology company's stock worth $71,000 after purchasing an additional 285 shares in the last quarter. Finally, Wipfli Financial Advisors LLC purchased a new stake in CoStar Group in the 3rd quarter worth approximately $78,000. Hedge funds and other institutional investors own 97.80% of the company's stock.
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Insiders Place Their Bets
In other CoStar Group news, Director John W. Hill sold 3,650 shares of the firm's stock in a transaction on Thursday, November 3rd. The stock was 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 directly owns 20,734 shares of the company's stock, valued at approximately $1,636,327.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.42% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have commented on CSGP. Robert W. Baird upped their price objective on CoStar Group to $90.00 in a research report on Thursday, October 27th. Stephens increased their target price on CoStar Group from $84.00 to $86.00 and gave the company an "overweight" rating in a research report on Tuesday, October 25th. The Goldman Sachs Group increased their target price on CoStar Group from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Wednesday, October 26th. Bank of America reiterated a "buy" rating and set a $100.00 target price on shares of CoStar Group in a research report on Friday, November 18th. Finally, StockNews.com started coverage on CoStar Group in a research report on Wednesday, October 12th. They set a "hold" rating on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $90.75.
CoStar Group Stock Up 0.2 %
NASDAQ CSGP opened at $77.90 on Tuesday. The business has a fifty day moving average price of $78.98 and a 200 day moving average price of $75.15. CoStar Group, Inc. has a one year low of $49.00 and a one year high of $85.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 15.36 and a current ratio of 15.36. The company has a market cap of $31.68 billion, a P/E ratio of 90.58, a P/E/G ratio of 3.18 and a beta of 0.90.
About CoStar Group
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CoStar Group, Inc provides commercial real estate information, analytics, and online marketplaces to the commercial real estate and related business communities. The firm's suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values and market conditions.
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