Mediolanum International Funds Ltd raised its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 14.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,913 shares of the technology company's stock after purchasing an additional 20,942 shares during the quarter. Mediolanum International Funds Ltd's holdings in CoStar Group were worth $12,125,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in CoStar Group in the 1st quarter valued at about $31,000. RiverPark Advisors LLC purchased a new stake in shares of CoStar Group in the first quarter valued at approximately $37,000. Industrial Alliance Investment Management Inc. bought a new position in CoStar Group in the second quarter worth approximately $49,000. Covestor Ltd increased its holdings in 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 purchasing an additional 211 shares during the period. Finally, Quarry LP bought a new stake in CoStar Group during the 2nd quarter valued at $54,000. 96.60% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CSGP has been the topic of a number of recent research reports. JMP Securities reissued a "market outperform" rating and set a $90.00 price target on shares of CoStar Group in a research report on Friday, September 6th. StockNews.com raised shares of CoStar Group from a "sell" rating to a "hold" rating in a research report on Tuesday, October 8th. The Goldman Sachs Group reduced their price target on shares of CoStar Group from $108.00 to $93.00 and set a "buy" rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price objective on shares of CoStar Group from $108.00 to $99.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of CoStar Group from $109.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, July 17th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $93.25.
Get Our Latest Report on CoStar Group
CoStar Group Stock Up 0.8 %
CSGP stock traded up $0.57 on Friday, hitting $74.48. 4,795,674 shares of the company's stock were exchanged, compared to its average volume of 2,351,629. The firm has a 50 day moving average price of $76.46 and a two-hundred day moving average price of $79.02. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $100.38. The stock has a market cap of $30.52 billion, a P/E ratio of 169.28 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.27 and a current ratio of 9.27.
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 (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. The firm had revenue of $692.60 million for the quarter, compared to the consensus estimate of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.54%. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. As a group, equities research analysts expect that CoStar Group, Inc. will post 0.49 EPS for the current fiscal year.
CoStar Group Profile
(
Free Report)
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.
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