KBC Group NV Has $6.32 Million Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

KBC Group NV lifted its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 14.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,823 shares of the technology company's stock after buying an additional 10,730 shares during the period. KBC Group NV's holdings in CoStar Group were worth $6,324,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. acquired a new position in CoStar Group in the 1st quarter valued at about $217,000. Intech Investment Management LLC lifted its position in shares of CoStar Group by 56.6% during the 1st quarter. Intech Investment Management LLC now owns 4,889 shares of the technology company's stock valued at $472,000 after acquiring an additional 1,768 shares during the period. Covestor Ltd boosted its stake in shares of CoStar Group by 43.0% during the 1st quarter. Covestor Ltd now owns 702 shares of the technology company's stock worth $68,000 after acquiring an additional 211 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of CoStar Group by 34.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,301 shares of the technology company's stock worth $1,478,000 after acquiring an additional 3,892 shares during the period. Finally, UniSuper Management Pty Ltd increased its stake in CoStar Group by 321.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 16,040 shares of the technology company's stock valued at $1,549,000 after purchasing an additional 12,234 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Stock Performance

Shares of CSGP traded up $1.92 during trading hours on Monday, reaching $73.17. 1,955,267 shares of the company's stock traded hands, compared to its average volume of 2,382,504. The firm has a market capitalization of $30.00 billion, a price-to-earnings ratio of 161.94 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The business's fifty day simple moving average is $75.82 and its two-hundred day simple moving average is $77.33. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted 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. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The company had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. During the same quarter last year, the firm posted $0.25 EPS. The business's revenue for the quarter was up 10.9% on a year-over-year basis. Analysts predict that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

CSGP has been the topic of several research reports. Citigroup lowered 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. Royal Bank of Canada cut shares of CoStar Group from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $96.00 to $83.00 in a research note on Wednesday, October 23rd. BMO Capital Markets reduced their target price on CoStar Group from $78.00 to $75.00 and set a "market perform" rating on the stock in a research note on Thursday, October 24th. Bank of America reduced their target price on CoStar Group from $111.00 to $89.00 and set a "buy" rating on the stock in a research report on Monday, July 22nd. Finally, StockNews.com downgraded CoStar Group from a "hold" rating to a "sell" rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $93.25.

Insider Buying and Selling at CoStar Group

In other news, CEO Andrew C. Florance acquired 14,731 shares of CoStar Group stock in a transaction on Friday, October 25th. The stock was bought at an average price of $74.67 per share, for a total transaction of $1,099,963.77. Following the transaction, the chief executive officer now owns 1,263,098 shares of the company's stock, valued at $94,315,527.66. The trade was a 1.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael R. Klein sold 71,633 shares of the company's stock in a transaction dated 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 completion of the sale, the director now directly owns 1,913,501 shares in the company, valued at approximately $142,919,389.69. The trade was a 3.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

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.