Generate Investment Management Ltd reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 52.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,573 shares of the technology company’s stock after selling 40,854 shares during the quarter. Generate Investment Management Ltd’s holdings in CoStar Group were worth $3,170,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in CSGP. Ascent Group LLC boosted its stake in shares of CoStar Group by 11.9% in the 3rd quarter. Ascent Group LLC now owns 11,753 shares of the technology company’s stock valued at $992,000 after purchasing an additional 1,250 shares during the last quarter. Diversified Trust Co boosted its position in CoStar Group by 185.1% during the third quarter. Diversified Trust Co now owns 8,576 shares of the technology company’s stock valued at $724,000 after acquiring an additional 5,568 shares during the last quarter. Ethic Inc. grew its holdings in CoStar Group by 57.5% during the 3rd quarter. Ethic Inc. now owns 36,088 shares of the technology company’s stock worth $3,045,000 after acquiring an additional 13,170 shares during the period. Three Seasons Wealth LLC lifted its stake in shares of CoStar Group by 50.6% in the 3rd quarter. Three Seasons Wealth LLC now owns 6,632 shares of the technology company’s stock valued at $560,000 after purchasing an additional 2,227 shares during the period. Finally, Regatta Capital Group LLC boosted its position in shares of CoStar Group by 3.0% during the 3rd quarter. Regatta Capital Group LLC now owns 13,426 shares of the technology company’s stock valued at $1,133,000 after purchasing an additional 392 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.
CoStar Group Stock Performance
Shares of CoStar Group stock opened at $67.86 on Wednesday. CoStar Group, Inc. has a 52 week low of $62.00 and a 52 week high of $97.43. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $68.57 and a 200-day moving average price of $79.67. The company has a market cap of $28.76 billion, a PE ratio of 1,357.20, a price-to-earnings-growth ratio of 3.28 and a beta of 0.84.
Analysts Set New Price Targets
Several brokerages have issued reports on CSGP. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research note on Monday. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a research note on Monday, December 15th. Wells Fargo & Company set a $60.00 target price on shares of CoStar Group and gave the stock an “underweight” rating in a research note on Monday, November 17th. BTIG Research began coverage on shares of CoStar Group in a research note on Friday, October 3rd. They issued a “neutral” rating for the company. Finally, Wolfe Research began coverage on shares of CoStar Group in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.38.
Read Our Latest Report on CSGP
CoStar Group Profile
CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.
In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.
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