Swiss National Bank boosted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,400 shares of the technology company’s stock after buying an additional 1,700 shares during the period. Swiss National Bank owned approximately 333,056.71% of CoStar Group worth $32,297,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Toronto Dominion Bank boosted its stake in CoStar Group by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock valued at $106,000 after buying an additional 44 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in CoStar Group in the 2nd quarter valued at $134,000. LS Investment Advisors LLC boosted its stake in CoStar Group by 3.5% in the 2nd quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock valued at $186,000 after buying an additional 24 shares in the last quarter. First Manhattan Co. acquired a new stake in CoStar Group in the 3rd quarter valued at $187,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in CoStar Group in the 2nd quarter valued at $188,000. 89.75% of the stock is currently owned by institutional investors.
Shares of CoStar Group, Inc. (NASDAQ CSGP) opened at $303.53 on Friday. The firm has a market capitalization of $10,746.42, a price-to-earnings ratio of 74.51, a PEG ratio of 4.46 and a beta of 1.56. CoStar Group, Inc. has a 52-week low of $179.21 and a 52-week high of $304.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. The business had revenue of $248.00 million during the quarter, compared to the consensus estimate of $243.44 million. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 earnings per share. research analysts forecast that CoStar Group, Inc. will post 3.98 EPS for the current year.
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Several analysts recently commented on the company. The Goldman Sachs Group, Inc. assumed coverage on CoStar Group in a research note on Wednesday, November 8th. They issued a “buy” rating and a $359.00 price target on the stock. Zacks Investment Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Stephens boosted their price target on CoStar Group from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $335.00 price target on shares of CoStar Group in a research note on Friday, October 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $325.00 price target on shares of CoStar Group in a research note on Friday, October 27th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. CoStar Group currently has a consensus rating of “Buy” and an average price target of $332.75.
CoStar Group 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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