Private Advisors LLC lessened its holdings in CoStar Group Inc (NASDAQ:CSGP) by 24.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,414 shares of the technology company’s stock after selling 463 shares during the period. Private Advisors LLC’s holdings in CoStar Group were worth $660,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of CSGP. Berman Capital Advisors LLC acquired a new position in CoStar Group in the fourth quarter worth about $28,000. Executive Wealth Management LLC acquired a new position in CoStar Group in the fourth quarter worth about $32,000. Icon Wealth Partners LLC acquired a new position in CoStar Group in the first quarter worth about $90,000. Penserra Capital Management LLC acquired a new position in CoStar Group in the first quarter worth about $179,000. Finally, ETF Managers Group LLC raised its position in CoStar Group by 7.9% in the first quarter. ETF Managers Group LLC now owns 394 shares of the technology company’s stock worth $184,000 after purchasing an additional 29 shares in the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on CSGP shares. SunTrust Banks increased their price target on shares of CoStar Group to $460.00 and gave the stock a “positive” rating in a research report on Wednesday, February 27th. Wells Fargo & Co increased their price target on shares of CoStar Group from $475.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 27th. Bank of America reissued a “buy” rating and issued a $460.00 price target (up previously from $429.00) on shares of CoStar Group in a research report on Wednesday, February 27th. B. Riley increased their price target on shares of CoStar Group from $460.00 to $512.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Finally, Citigroup increased their price target on shares of CoStar Group from $490.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One research 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 company has a consensus rating of “Buy” and an average target price of $545.50.
Shares of NASDAQ CSGP traded down $0.12 during mid-day trading on Friday, hitting $549.66. 149,760 shares of the stock were exchanged, compared to its average volume of 254,791. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 74.28, a PEG ratio of 3.64 and a beta of 1.35. CoStar Group Inc has a twelve month low of $315.85 and a twelve month 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, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.11. The company had revenue of $328.00 million during the quarter, compared to analyst estimates of $327.45 million. CoStar Group had a net margin of 21.76% and a return on equity of 10.09%. The company’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $1.44 earnings per share. Research analysts expect that CoStar Group Inc will post 9 earnings per share for the current year.
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About CoStar Group
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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