CoStar Group, Inc. (NASDAQ:CSGP) Shares Purchased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp boosted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 10.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,423 shares of the technology company’s stock after buying an additional 1,817 shares during the period. Atlantic Union Bankshares Corp’s holdings in CoStar Group were worth $1,876,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CSGP. LPL Financial LLC boosted its holdings in shares of CoStar Group by 16.8% in the third quarter. LPL Financial LLC now owns 86,580 shares of the technology company’s stock valued at $6,657,000 after acquiring an additional 12,422 shares in the last quarter. Mariner LLC raised its holdings in CoStar Group by 0.6% during the third quarter. Mariner LLC now owns 35,221 shares of the technology company’s stock worth $2,708,000 after purchasing an additional 216 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in CoStar Group in the third quarter valued at about $2,173,000. O Shaughnessy Asset Management LLC boosted its holdings in CoStar Group by 4.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 8,227 shares of the technology company’s stock valued at $633,000 after purchasing an additional 387 shares in the last quarter. Finally, Meeder Advisory Services Inc. increased its position in CoStar Group by 22.9% during the 3rd quarter. Meeder Advisory Services Inc. now owns 3,008 shares of the technology company’s stock worth $231,000 after purchasing an additional 560 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CSGP shares. Jefferies Financial Group raised their price target on CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, April 12th. Bank of America upped their price target on shares of CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. The Goldman Sachs Group raised their price objective on shares of CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. BMO Capital Markets upped their target price on shares of CoStar Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. Finally, Robert W. Baird increased their target price on shares of CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $102.46.

Insider Activity at CoStar Group

In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the sale, the chief financial officer now directly owns 303,417 shares of the company’s stock, valued at approximately $28,099,448.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Scott T. Wheeler sold 122,736 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the transaction, the chief financial officer now owns 303,417 shares of the company’s stock, valued at $28,099,448.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael J. Desmarais sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $92.67, for a total transaction of $352,146.00. Following the sale, the insider now owns 64,087 shares in the company, valued at approximately $5,938,942.29. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.

CoStar Group Trading Down 0.2 %

Shares of CoStar Group stock opened at $74.14 on Friday. The business has a 50 day moving average price of $82.78 and a 200 day moving average price of $85.55. The company has a market capitalization of $30.27 billion, a P/E ratio of 101.56, a P/E/G ratio of 11.06 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.09 and a quick ratio of 9.09. CoStar Group, Inc. has a 1 year low of $67.35 and a 1 year high of $100.38.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, April 23rd. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $656.40 million during the quarter, compared to analysts’ expectations of $649.27 million. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. Sell-side analysts anticipate that CoStar Group, Inc. will post 0.45 EPS for the current fiscal year.

About CoStar Group

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.