Ownership Capital B.V. Sells 308,585 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Ownership Capital B.V. decreased its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,443,179 shares of the technology company's stock after selling 308,585 shares during the quarter. CoStar Group makes up about 3.5% of Ownership Capital B.V.'s investment portfolio, making the stock its 16th largest position. Ownership Capital B.V. owned approximately 0.35% of CoStar Group worth $108,873,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. raised its position in shares of CoStar Group by 24.1% during the third quarter. Assetmark Inc. now owns 68,659 shares of the technology company's stock worth $5,180,000 after acquiring an additional 13,320 shares during the last quarter. Fiera Capital Corp increased its holdings in CoStar Group by 9.9% in the third quarter. Fiera Capital Corp now owns 88,967 shares of the technology company's stock valued at $6,712,000 after purchasing an additional 8,004 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in CoStar Group by 11.3% in the third quarter. Kornitzer Capital Management Inc. KS now owns 318,616 shares of the technology company's stock valued at $24,036,000 after purchasing an additional 32,290 shares during the last quarter. QRG Capital Management Inc. grew its stake in CoStar Group by 22.6% in the third quarter. QRG Capital Management Inc. now owns 22,945 shares of the technology company's stock valued at $1,731,000 after acquiring an additional 4,235 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in CoStar Group by 12.9% in the third quarter. Asset Management One Co. Ltd. now owns 282,828 shares of the technology company's stock valued at $21,337,000 after acquiring an additional 32,302 shares during the period. Institutional investors own 96.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BMO Capital Markets decreased their target price on CoStar Group from $78.00 to $75.00 and set a "market perform" rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. reduced their price objective on CoStar Group from $108.00 to $99.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group reduced their price objective on CoStar Group from $108.00 to $93.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. Citigroup reduced their price objective on CoStar Group from $97.00 to $90.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Finally, Needham & Company LLC reduced their price objective on CoStar Group from $107.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $93.25.

Insider Buying and Selling

In other CoStar Group news, CEO Andrew C. Florance acquired 14,731 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 1,263,098 shares in the company, valued at approximately $94,315,527.66. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Andrew C. Florance purchased 14,731 shares of the business's stock in a transaction on Friday, October 25th. The stock was acquired 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 of the company's stock, valued at approximately $94,315,527.66. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Klein sold 71,633 shares of CoStar Group stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $74.69, for a total value of $5,350,268.77. Following the transaction, the director now owns 1,913,501 shares of the company's stock, valued at $142,919,389.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.

CoStar Group Price Performance

Shares of NASDAQ CSGP traded up $1.09 during mid-day trading on Friday, hitting $77.39. 2,277,981 shares of the stock traded hands, compared to its average volume of 3,708,157. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The company has a market cap of $31.73 billion, a PE ratio of 175.89 and a beta of 0.82. The firm has a 50 day simple moving average of $76.06 and a two-hundred day simple moving average of $78.02.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $692.60 million for 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%. CoStar Group's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. As a group, equities research analysts forecast that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

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.