New York State Common Retirement Fund decreased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,552 shares of the technology company’s stock after selling 394 shares during the period. New York State Common Retirement Fund owned 0.29% of CoStar Group worth $28,046,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSGP. Toronto Dominion Bank increased its holdings in shares of CoStar Group by 12.3% in the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock valued at $106,000 after purchasing an additional 44 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of CoStar Group in the second quarter valued at approximately $134,000. First Manhattan Co. acquired a new position in shares of CoStar Group in the third quarter valued at approximately $187,000. Cubist Systematic Strategies LLC acquired a new position in shares of CoStar Group in the second quarter valued at approximately $188,000. Finally, Capstone Asset Management Co. acquired a new position in shares of CoStar Group in the second quarter valued at approximately $211,000. 98.89% of the stock is currently owned by institutional investors.
A number of research analysts have recently issued reports on CSGP shares. Goldman Sachs Group started coverage on CoStar Group in a report on Wednesday, November 8th. They issued a “buy” rating and a $359.00 target price on the stock. SunTrust Banks reissued a “buy” rating and issued a $335.00 target price on shares of CoStar Group in a report on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and issued a $325.00 target price on shares of CoStar Group in a report on Friday, October 27th. B. Riley reissued a “buy” rating and issued a $350.00 target price (up previously from $335.00) on shares of CoStar Group in a report on Thursday, October 26th. Finally, Bank of America reissued a “buy” rating and issued a $306.00 target price on shares of CoStar Group in a report on Thursday, October 5th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $332.75.
CoStar Group, Inc. (NASDAQ CSGP) opened at $292.34 on Monday. CoStar Group, Inc. has a twelve month low of $184.86 and a twelve month high of $314.73. The firm has a market capitalization of $10,566.63, a price-to-earnings ratio of 73.27, a P/E/G ratio of 4.38 and a beta of 1.55. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.15.
CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $243.44 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. CoStar Group’s quarterly revenue was up 16.4% on a year-over-year basis. analysts expect that CoStar Group, Inc. will post 3.99 EPS for the current fiscal year.
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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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