Ycg LLC Raises Stake in CoStar Group, Inc. (NASDAQ:CSGP)

YCG LLC boosted its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 1.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 451,973 shares of the technology company's stock after purchasing an additional 6,764 shares during the quarter. CoStar Group makes up approximately 2.6% of YCG LLC's investment portfolio, making the stock its 19th largest holding. YCG LLC owned about 0.11% of CoStar Group worth $34,097,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB purchased a new stake in shares of CoStar Group during the first quarter worth about $4,223,000. State Board of Administration of Florida Retirement System grew its stake in shares of CoStar Group by 5.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 477,691 shares of the technology company's stock worth $46,145,000 after acquiring an additional 23,987 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of CoStar Group during the first quarter worth about $802,000. Gateway Investment Advisers LLC grew its stake in shares of CoStar Group by 31.1% during the second quarter. Gateway Investment Advisers LLC now owns 40,525 shares of the technology company's stock worth $3,005,000 after acquiring an additional 9,618 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of CoStar Group during the first quarter worth about $28,446,000. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Price Performance

Shares of CSGP stock traded up $1.09 during trading hours on Friday, hitting $77.39. 2,277,981 shares of the company's stock were exchanged, compared to its average volume of 3,708,157. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. The firm has a market cap of $31.73 billion, a P/E ratio of 175.89 and a beta of 0.82. The firm has a 50 day moving average of $76.06 and a two-hundred day moving average of $78.02. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $100.38.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. The business had revenue of $692.60 million during the quarter, compared to the consensus estimate of $695.91 million. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The business's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 EPS. Sell-side analysts forecast that CoStar Group, Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Robert W. Baird dropped their target price on CoStar Group from $105.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 24th. JMP Securities reiterated a "market outperform" rating and issued a $90.00 target price on shares of CoStar Group in a research report on Friday, September 6th. JPMorgan Chase & Co. dropped their target price on CoStar Group from $108.00 to $99.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Citigroup dropped their target price on CoStar Group from $97.00 to $90.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods dropped their target price on CoStar Group from $109.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, CoStar Group currently has a consensus rating of "Moderate Buy" and an average price target of $93.25.

Insider Transactions at CoStar Group

In other news, CEO Andrew C. Florance acquired 14,731 shares of CoStar Group stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the purchase, the chief executive officer now owns 1,263,098 shares in the company, valued at $94,315,527.66. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael R. Klein sold 71,633 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $74.69, for a total value of $5,350,268.77. Following the completion of the transaction, the director now directly owns 1,913,501 shares of the company's stock, valued at approximately $142,919,389.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew C. Florance acquired 14,731 shares of CoStar Group stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the completion of the purchase, the chief executive officer now owns 1,263,098 shares in the company, valued at $94,315,527.66. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.57% of the company's stock.

CoStar Group 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.