SG Americas Securities LLC Boosts Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

SG Americas Securities LLC lifted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 33.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,566 shares of the technology company's stock after acquiring an additional 18,468 shares during the quarter. SG Americas Securities LLC's holdings in CoStar Group were worth $5,550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of CoStar Group by 4.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 324,918 shares of the technology company's stock worth $28,395,000 after purchasing an additional 13,426 shares during the period. Cetera Advisor Networks LLC grew its stake in shares of CoStar Group by 2.7% during the fourth quarter. Cetera Advisor Networks LLC now owns 76,266 shares of the technology company's stock worth $6,665,000 after purchasing an additional 2,032 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of CoStar Group by 2.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,817,818 shares of the technology company's stock worth $158,859,000 after purchasing an additional 42,004 shares during the period. Ossiam grew its stake in shares of CoStar Group by 39.3% during the fourth quarter. Ossiam now owns 9,769 shares of the technology company's stock worth $854,000 after purchasing an additional 2,754 shares during the period. Finally, Connectus Wealth LLC grew its stake in CoStar Group by 915.0% in the fourth quarter. Connectus Wealth LLC now owns 518,633 shares of the technology company's stock valued at $45,000 after acquiring an additional 467,534 shares during the period. Institutional investors own 96.60% of the company's stock.

Analysts Set New Price Targets

CSGP has been the subject of a number of research analyst reports. StockNews.com raised CoStar Group from a "sell" rating to a "hold" rating in a research note on Friday, September 27th. Bank of America reduced their price objective on CoStar Group from $111.00 to $89.00 and set a "buy" rating for the company in a research report on Monday, July 22nd. JPMorgan Chase & Co. upped their price objective on CoStar Group from $102.00 to $108.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. 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. Finally, Robert W. Baird reduced their price objective on CoStar Group from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.38.

CoStar Group Price Performance

Shares of CSGP stock traded up $0.20 during trading hours on Friday, reaching $74.10. The company's stock had a trading volume of 2,048,771 shares, compared to its average volume of 2,213,704. The firm's 50 day simple moving average is $76.10 and its 200-day simple moving average is $80.80. The company has a market capitalization of $30.37 billion, a price-to-earnings ratio of 101.51 and a beta of 0.81. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.06. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The company had revenue of $677.80 million during the quarter, compared to analysts' expectations of $677.18 million. During the same period in the prior year, the company earned $0.27 EPS. CoStar Group's revenue was up 11.9% compared to the same quarter last year. Sell-side analysts forecast that CoStar Group, Inc. will post 0.49 earnings per share for the current year.

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.