Public Employees Retirement System of Ohio trimmed its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,787 shares of the technology company’s stock after selling 399 shares during the period. Public Employees Retirement System of Ohio owned about 0.13% of CoStar Group worth $11,542,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in CSGP. Janus Henderson Group PLC lifted its position in shares of CoStar Group by 2,015.2% in the second quarter. Janus Henderson Group PLC now owns 2,617,006 shares of the technology company’s stock valued at $689,842,000 after acquiring an additional 2,493,281 shares in the last quarter. BlackRock Inc. lifted its position in shares of CoStar Group by 5,124.3% in the first quarter. BlackRock Inc. now owns 1,546,911 shares of the technology company’s stock valued at $320,551,000 after acquiring an additional 1,517,301 shares in the last quarter. Independence Advisors LLC purchased a new stake in shares of CoStar Group in the second quarter worth about $32,338,000. Vanguard Group Inc. lifted its position in shares of CoStar Group by 4.0% in the first quarter. Vanguard Group Inc. now owns 2,553,913 shares of the technology company’s stock worth $529,222,000 after buying an additional 99,302 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its position in shares of CoStar Group by 773.1% in the second quarter. Balyasny Asset Management LLC now owns 108,342 shares of the technology company’s stock worth $28,559,000 after buying an additional 95,933 shares in the last quarter. Institutional investors and hedge funds own 90.84% of the company’s stock.
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CoStar Group, Inc. (NASDAQ:CSGP) traded up 3.50% during mid-day trading on Friday, reaching $299.38. The company’s stock had a trading volume of 430,061 shares. CoStar Group, Inc. has a 52 week low of $179.22 and a 52 week high of $301.04. The company’s 50-day moving average price is $278.58 and its 200 day moving average price is $264.90. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 100.50 and a beta of 1.51.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.28. CoStar Group had a net margin of 11.63% and a return on equity of 7.72%. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $243.44 million. During the same period last year, the firm posted $1.11 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, equities analysts forecast that CoStar Group, Inc. will post $4.55 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on CSGP shares. B. Riley reiterated a “buy” rating and issued a $335.00 target price on shares of CoStar Group in a research report on Friday, July 28th. Citigroup Inc. set a $320.00 target price on CoStar Group and gave the stock a “buy” rating in a research report on Friday, July 28th. Needham & Company LLC boosted their price objective on CoStar Group from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. BidaskClub cut CoStar Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, SunTrust Banks, Inc. boosted their price objective on CoStar Group from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $318.29.
In related news, VP Matthew Linnington sold 1,767 shares of CoStar Group stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $273.15, for a total value of $482,656.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.98% of the company’s stock.
CoStar Group Company Profile
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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