Geneva Capital Management LLC Grows Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Geneva Capital Management LLC grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 420,700 shares of the technology company's stock after acquiring an additional 11,562 shares during the quarter. Geneva Capital Management LLC owned 0.10% of CoStar Group worth $31,738,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CSGP. Vanguard Group Inc. grew its position in CoStar Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 65,451,499 shares of the technology company's stock worth $6,322,615,000 after purchasing an additional 541,700 shares during the last quarter. Janus Henderson Group PLC raised its stake in CoStar Group by 17.7% in the 1st quarter. Janus Henderson Group PLC now owns 11,808,027 shares of the technology company's stock worth $1,140,650,000 after acquiring an additional 1,773,564 shares during the last quarter. Bank of New York Mellon Corp raised its stake in CoStar Group by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,117,260 shares of the technology company's stock worth $453,534,000 after acquiring an additional 124,761 shares during the last quarter. Blair William & Co. IL lifted its position in CoStar Group by 0.6% during the 1st quarter. Blair William & Co. IL now owns 4,419,778 shares of the technology company's stock worth $426,951,000 after acquiring an additional 26,800 shares during the period. Finally, Vulcan Value Partners LLC grew its stake in CoStar Group by 90.1% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,138,987 shares of the technology company's stock valued at $306,831,000 after purchasing an additional 1,961,917 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.

Insider Activity at CoStar Group

In other news, CEO Andrew C. Florance purchased 14,731 shares of CoStar Group stock in a transaction dated Friday, October 25th. The shares were purchased at an average price 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 $94,315,527.66. This 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 at this hyperlink. In other news, Director Michael R. Klein sold 71,633 shares of CoStar Group 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 sale, the director now directly owns 1,913,501 shares of the company's stock, valued at approximately $142,919,389.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew C. Florance purchased 14,731 shares of CoStar Group stock in a transaction dated Friday, October 25th. The shares were acquired at an average cost of $74.67 per share, for a total transaction of $1,099,963.77. Following the transaction, the chief executive officer now directly owns 1,263,098 shares of the company's stock, valued at approximately $94,315,527.66. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.57% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on CoStar Group from $108.00 to $99.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. The Goldman Sachs Group decreased their price objective on shares of CoStar Group from $108.00 to $93.00 and set a "buy" rating for the company in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods cut their price objective on shares of CoStar Group from $109.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 17th. Citigroup reduced their target price on shares of CoStar Group from $97.00 to $90.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Finally, BMO Capital Markets reduced their price objective 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $93.25.

CoStar Group Price Performance

NASDAQ:CSGP traded up $0.77 during trading hours on Wednesday, reaching $76.18. 597,227 shares of the company were exchanged, compared to its average volume of 2,372,439. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The firm has a market cap of $31.23 billion, a PE ratio of 172.66 and a beta of 0.82. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The stock's 50-day moving average is $76.02 and its 200-day moving average is $77.70.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share for the quarter, topping 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 period last year, the company posted $0.25 EPS. The business's revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts anticipate that CoStar Group, Inc. will post 0.52 earnings per share for the current fiscal year.

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.