From MarketBeat:

Cambridge Investment Research Advisors Inc. cut its CoStar Group, Inc. position by 45.1% in the 3rd quarter. They sold 28,938 shares, leaving them with 35,297 shares of the technology company’s stock valued at $2,714,000. Other large investors also recently bought and sold shares.

Director John W. Hill sold 3,020 shares at $84.07 each, with an average value of $253,891.40. This reduced ownership to 1.58% of CoStar Group stock. A total of 96.53% of the stock is now owned by institutional investors.

Equities analysts recently commented on CSGP shares. Needham & Company LLC raised the target price of CoStar Group shares from $80.00 to $105.00 and gave the stock a “buy” rating.

CoStar Group’s stock opened at $82.71. The company has a 1 year low of $65.12 and a 1 year high of $92.36. The stock has a market capitalization of $33.78 billion and a P/E ratio of 83.55.

CoStar Group’s last quarterly earnings results showed a $0.01 shortfall in EPS, posting $0.25 eanings per share for the quarter.

The company provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries.

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Read more: Cambridge Investment Research Advisors Inc. Sells 28,938 Shares of CoStar Group, Inc. (NASDAQ:CSGP)