CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. reduced its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,230 shares of the technology company’s stock after selling 488 shares during the period. Hartford Investment Management Co.’s holdings in CoStar Group were worth $1,806,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSGP. Summit Trail Advisors LLC boosted its position in shares of CoStar Group by 8.6% during the 4th quarter. Summit Trail Advisors LLC now owns 7,089 shares of the technology company’s stock worth $508,000 after acquiring an additional 559 shares in the last quarter. Equitable Trust Co. raised its position in shares of CoStar Group by 15.3% during the 4th quarter. Equitable Trust Co. now owns 102,084 shares of the technology company’s stock worth $7,308,000 after acquiring an additional 13,539 shares in the last quarter. Stephens Inc. AR lifted its stake in CoStar Group by 25.2% during the fourth quarter. Stephens Inc. AR now owns 32,166 shares of the technology company’s stock worth $2,303,000 after purchasing an additional 6,482 shares during the last quarter. Empowered Funds LLC boosted its holdings in CoStar Group by 13.4% in the fourth quarter. Empowered Funds LLC now owns 7,275 shares of the technology company’s stock valued at $521,000 after purchasing an additional 861 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in CoStar Group by 256.9% in the fourth quarter. Apollon Wealth Management LLC now owns 13,132 shares of the technology company’s stock valued at $940,000 after purchasing an additional 9,453 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Transactions at CoStar Group

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 58,798 shares in the company, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CSGP. BMO Capital Markets reduced their price objective on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $83.00 price target on shares of CoStar Group in a research note on Friday, January 10th. Citigroup decreased their price objective on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods cut their target price 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. Finally, JMP Securities reissued a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.23.

CoStar Group Price Performance

Shares of NASDAQ CSGP opened at $73.56 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The company has a market cap of $30.16 billion, a PE ratio of 167.19 and a beta of 0.87. The stock has a fifty day moving average price of $74.04 and a 200 day moving average price of $75.45. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $100.38.

CoStar Group Company 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.