CoStar Group, Inc. (NASDAQ:CSGP) is Ownership Capital B.V.’s 10th Largest Position

Ownership Capital B.V. trimmed its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 12.8% in the 4th quarter, Holdings Channel reports. The firm owned 2,577,106 shares of the technology company’s stock after selling 378,598 shares during the period. CoStar Group accounts for approximately 5.0% of Ownership Capital B.V.’s portfolio, making the stock its 10th largest position. Ownership Capital B.V.’s holdings in CoStar Group were worth $225,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its holdings in shares of CoStar Group by 125.4% in the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after buying an additional 173 shares during the period. Pinnacle Bancorp Inc. purchased a new position in shares of CoStar Group in the 4th quarter valued at about $37,000. CVA Family Office LLC purchased a new position in shares of CoStar Group in the 4th quarter valued at about $60,000. KB Financial Partners LLC boosted its position in shares of CoStar Group by 17.9% in the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock valued at $63,000 after purchasing an additional 124 shares during the period. Finally, Lindbrook Capital LLC boosted its position in shares of CoStar Group by 78.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,224 shares of the technology company’s stock valued at $107,000 after purchasing an additional 540 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Performance

CSGP stock traded up $2.31 during mid-day trading on Friday, reaching $92.65. 2,234,096 shares of the stock traded hands, compared to its average volume of 2,004,094. The company has a quick ratio of 12.01, a current ratio of 9.09 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 52 week low of $67.35 and a 52 week high of $100.38. The business has a 50-day moving average of $89.77 and a two-hundred day moving average of $84.76. The firm has a market capitalization of $37.83 billion, a PE ratio of 126.92, a P/E/G ratio of 10.59 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The business had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $634.27 million. During the same quarter last year, the company earned $0.35 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. As a group, equities analysts predict that CoStar Group, Inc. will post 0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CSGP has been the subject of a number of recent research reports. BTIG Research initiated coverage on CoStar Group in a research report on Friday, January 19th. They set a “neutral” rating for the company. Needham & Company LLC raised their price target on CoStar Group from $90.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird raised their price target on CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Bank of America raised their price objective on CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, BMO Capital Markets lifted their target price on CoStar Group from $84.00 to $88.00 and gave the company a “market perform” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $102.46.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.