CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by National Pension Service

National Pension Service increased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,020,943 shares of the technology company's stock after buying an additional 6,826 shares during the period. National Pension Service owned about 0.25% of CoStar Group worth $77,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in CoStar Group during the first quarter worth about $31,000. Industrial Alliance Investment Management Inc. purchased a new stake in CoStar Group during the second quarter worth about $49,000. Covestor Ltd boosted its holdings in CoStar Group by 43.0% during the first quarter. Covestor Ltd now owns 702 shares of the technology company's stock worth $68,000 after buying an additional 211 shares in the last quarter. Quarry LP purchased a new stake in CoStar Group during the second quarter worth about $54,000. Finally, Rothschild Investment LLC purchased a new stake in CoStar Group during the second quarter worth about $73,000. Hedge funds and other institutional investors own 96.60% of the company's stock.

Insider Activity

In related news, CEO Andrew C. Florance acquired 14,731 shares of the stock in a transaction dated Friday, October 25th. The stock was bought at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Andrew C. Florance acquired 14,731 shares of the stock in a transaction dated Friday, October 25th. The stock was bought at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael R. Klein sold 71,633 shares of the business's stock in a transaction on 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 sale, the director now directly owns 1,913,501 shares of the company's stock, valued at $142,919,389.69. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CSGP shares. Royal Bank of Canada downgraded shares of CoStar Group from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $96.00 to $83.00 in a report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on shares of CoStar Group from $108.00 to $99.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Needham & Company LLC cut their target price on shares of CoStar Group from $107.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Citigroup cut their target price on shares of 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, Bank of America cut their target price on shares of CoStar Group from $111.00 to $89.00 and set a "buy" rating for the company in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, CoStar Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.25.

CoStar Group Trading Down 0.6 %

Shares of NASDAQ:CSGP traded down $0.47 during trading on Wednesday, reaching $74.87. The stock had a trading volume of 3,496,877 shares, compared to its average volume of 2,376,111. The business has a fifty day moving average price of $76.07 and a 200-day moving average price of $78.13. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a market cap of $30.69 billion, a P/E ratio of 170.16 and a beta of 0.82. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week 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 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 during the quarter, compared to analyst estimates of $695.91 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. The company's revenue was up 10.9% on a year-over-year basis. As a group, analysts anticipate that CoStar Group, Inc. will post 0.52 earnings per share 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.