Citigroup Inc. Has $2.22 Million Position in CoStar Group Inc (NASDAQ:CSGP)

Citigroup Inc. cut its holdings in CoStar Group Inc (NASDAQ:CSGP) by 79.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,766 shares of the technology company’s stock after selling 18,824 shares during the period. Citigroup Inc.’s holdings in CoStar Group were worth $2,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. boosted its holdings in CoStar Group by 312.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,540 shares of the technology company’s stock valued at $3,218,000 after purchasing an additional 14,040 shares during the period. American Century Companies Inc. boosted its holdings in CoStar Group by 124.5% in the 4th quarter. American Century Companies Inc. now owns 481,418 shares of the technology company’s stock valued at $162,402,000 after purchasing an additional 266,965 shares during the period. Sciencast Management LP bought a new position in CoStar Group in the 1st quarter valued at $1,865,000. Cigna Investments Inc. New bought a new position in CoStar Group in the 4th quarter valued at $366,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in CoStar Group by 6.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 49,998 shares of the technology company’s stock valued at $16,866,000 after purchasing an additional 3,195 shares during the period. 96.06% of the stock is owned by institutional investors.

CoStar Group stock opened at $549.78 on Friday. The firm has a market cap of $20.02 billion, a PE ratio of 74.29, a P/E/G ratio of 3.63 and a beta of 1.35. CoStar Group Inc has a fifty-two week low of $315.85 and a fifty-two week high of $555.10.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, April 23rd. The technology company reported $2.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.11. The firm had revenue of $328.00 million for the quarter, compared to analysts’ expectations of $327.45 million. CoStar Group had a net margin of 21.76% and a return on equity of 10.09%. The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the company posted $1.44 EPS. As a group, sell-side analysts expect that CoStar Group Inc will post 9 earnings per share for the current year.

Several research analysts have commented on CSGP shares. SunTrust Banks raised their price target on shares of CoStar Group to $460.00 and gave the company a “positive” rating in a report on Wednesday, February 27th. Wells Fargo & Co raised their price target on shares of CoStar Group from $475.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. Bank of America reissued a “buy” rating and issued a $460.00 price target (up from $429.00) on shares of CoStar Group in a report on Wednesday, February 27th. B. Riley raised their price target on shares of CoStar Group from $460.00 to $512.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Finally, Citigroup raised their price target on shares of CoStar Group from $490.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $545.50.

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CoStar Group 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 offers inventory of office, industrial, retail, and multifamily properties and land.

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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