Barclays PLC Has $169.68 Million Position in CoStar Group, Inc. (NASDAQ:CSGP)

Barclays PLC boosted its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 91.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,249,188 shares of the technology company's stock after buying an additional 1,073,793 shares during the period. Barclays PLC owned 0.55% of CoStar Group worth $169,678,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. raised its holdings in shares of CoStar Group by 6.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 135,039 shares of the technology company's stock valued at $10,187,000 after buying an additional 8,326 shares during the last quarter. MML Investors Services LLC increased its position in CoStar Group by 1.2% in the 3rd quarter. MML Investors Services LLC now owns 86,009 shares of the technology company's stock valued at $6,488,000 after acquiring an additional 1,021 shares during the period. National Bank of Canada FI raised its stake in CoStar Group by 79.7% during the 3rd quarter. National Bank of Canada FI now owns 293,148 shares of the technology company's stock valued at $22,115,000 after acquiring an additional 130,045 shares in the last quarter. iA Global Asset Management Inc. boosted its position in CoStar Group by 4.1% during the 3rd quarter. iA Global Asset Management Inc. now owns 41,776 shares of the technology company's stock worth $3,152,000 after acquiring an additional 1,648 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of CoStar Group in the third quarter worth $621,000. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Trading Up 1.5 %

CSGP traded up $1.15 during trading on Wednesday, reaching $77.58. The company had a trading volume of 1,673,578 shares, compared to its average volume of 2,384,274. The firm's 50-day simple moving average is $76.30 and its 200 day simple moving average is $76.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. The company has a market cap of $31.80 billion, a price-to-earnings ratio of 176.36 and a beta of 0.83. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $100.38.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The business had revenue of $692.60 million for the quarter, compared to analyst estimates of $695.91 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm's revenue was up 10.9% compared to the same quarter last year. Equities research analysts anticipate that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

Insider Transactions at CoStar Group

In related news, CEO Andrew C. Florance acquired 14,731 shares of the company's stock in a transaction on Friday, October 25th. The shares were purchased at an average price of $74.67 per share, for a total transaction 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 represents a 1.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Klein sold 71,633 shares of CoStar Group stock in a transaction on Friday, October 25th. The shares were sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the sale, the director now directly owns 1,913,501 shares of the company's stock, valued at $142,919,389.69. This trade represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CSGP. Needham & Company LLC restated a "buy" rating and set a $100.00 price objective on shares of CoStar Group in a research note on Monday. BMO Capital Markets dropped their price target on shares of CoStar Group from $78.00 to $75.00 and set a "market perform" rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. decreased their price objective on shares of CoStar Group from $108.00 to $99.00 and set an "overweight" rating for the company in a 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 report on Thursday, October 24th. Finally, StockNews.com lowered CoStar Group from a "hold" rating to a "sell" rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, CoStar Group currently has an average rating of "Moderate Buy" and a consensus target price of $93.25.

About CoStar Group

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.