Mn Services Vermogensbeheer B.V. lifted its holdings in CoStar Group Inc (NASDAQ:CSGP) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,192 shares of the technology company’s stock after acquiring an additional 400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in CoStar Group were worth $1,827,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in CoStar Group by 22.0% in the fourth quarter. Advisor Group Inc. now owns 2,559 shares of the technology company’s stock valued at $863,000 after acquiring an additional 461 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in CoStar Group by 5.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,501 shares of the technology company’s stock worth $1,181,000 after purchasing an additional 189 shares in the last quarter. Raymond James & Associates lifted its stake in CoStar Group by 7.3% during the fourth quarter. Raymond James & Associates now owns 8,470 shares of the technology company’s stock worth $2,857,000 after purchasing an additional 574 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in CoStar Group during the fourth quarter worth $207,000. Finally, Taikang Asset Management Hong Kong Co Ltd acquired a new position in CoStar Group during the fourth quarter worth $1,027,000. 96.88% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on the company. BidaskClub raised CoStar Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Wells Fargo & Co upped their price objective on shares of CoStar Group from $475.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, February 27th. B. Riley upped their price objective on shares of CoStar Group from $460.00 to $512.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. Bank of America restated a “buy” rating and issued a $460.00 price objective (up previously from $429.00) on shares of CoStar Group in a research note on Wednesday, February 27th. Finally, ValuEngine upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $457.22.
Shares of NASDAQ:CSGP traded up $4.48 during midday trading on Friday, hitting $466.42. 180,151 shares of the company’s stock traded hands, compared to its average volume of 204,675. CoStar Group Inc has a twelve month low of $315.85 and a twelve month high of $484.92. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 63.03, a PEG ratio of 3.08 and a beta of 1.46.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, February 26th. The technology company reported $2.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.53 by $0.28. The firm had revenue of $315.57 million for the quarter, compared to the consensus estimate of $310.19 million. CoStar Group had a net margin of 20.00% and a return on equity of 9.30%. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 EPS. Equities research analysts forecast that CoStar Group Inc will post 9.03 EPS for the current year.
In other CoStar Group news, VP Matthew Linnington sold 4,701 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $477.31, for a total value of $2,243,834.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew C. Florance sold 55,322 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $473.38, for a total transaction of $26,188,328.36. The disclosure for this sale can be found here. Insiders have sold a total of 65,419 shares of company stock valued at $31,001,252 over the last three months. 2.47% of the stock is currently owned by company insiders.
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CoStar Group Company Profile
CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land.
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