Envestnet Asset Management Inc. trimmed its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 10.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,949 shares of the technology company’s stock after selling 2,668 shares during the quarter. Envestnet Asset Management Inc. owned 0.06% of CoStar Group worth $6,157,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in CSGP. Janus Henderson Group PLC lifted its position in shares of CoStar Group by 2,015.2% during the second quarter. Janus Henderson Group PLC now owns 2,617,006 shares of the technology company’s stock worth $689,842,000 after purchasing an additional 2,493,281 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of CoStar Group by 1,019.7% during the third quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock worth $186,210,000 after purchasing an additional 637,278 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of CoStar Group by 947.8% during the third quarter. Citadel Advisors LLC now owns 146,123 shares of the technology company’s stock worth $39,198,000 after purchasing an additional 132,177 shares during the last quarter. Balyasny Asset Management LLC lifted its position in shares of CoStar Group by 773.1% during the second quarter. Balyasny Asset Management LLC now owns 108,342 shares of the technology company’s stock worth $28,559,000 after purchasing an additional 95,933 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of CoStar Group by 2,599.7% during the third quarter. First Trust Advisors LP now owns 89,118 shares of the technology company’s stock worth $23,906,000 after purchasing an additional 85,817 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.
Shares of CoStar Group, Inc. (NASDAQ CSGP) opened at $292.34 on Friday. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $10,570.00, a PE ratio of 73.49, a P/E/G ratio of 4.39 and a beta of 1.55. CoStar Group, Inc. has a fifty-two week low of $184.86 and a fifty-two week high of $314.73.
CoStar Group (NASDAQ:CSGP) last posted its earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.28. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $243.44 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. research analysts anticipate that CoStar Group, Inc. will post 3.99 EPS for the current fiscal year.
Several analysts recently weighed in on the company. BidaskClub downgraded CoStar Group from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. B. Riley restated a “buy” rating and issued a $335.00 price objective on shares of CoStar Group in a report on Monday, October 2nd. Needham & Company LLC lifted their price objective on CoStar Group from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded CoStar Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Bank of America restated a “buy” rating and issued a $306.00 price objective on shares of CoStar Group in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $332.75.
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About CoStar Group
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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