Robeco Institutional Asset Management B.V. Has $9.66 Million Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Robeco Institutional Asset Management B.V. cut its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 58.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,049 shares of the technology company's stock after selling 178,421 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in CoStar Group were worth $9,660,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC raised its stake in CoStar Group by 4.7% during the first quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company's stock worth $242,000 after purchasing an additional 112 shares during the period. Picton Mahoney Asset Management grew its stake in shares of CoStar Group by 2.9% during the second quarter. Picton Mahoney Asset Management now owns 4,745 shares of the technology company's stock valued at $352,000 after acquiring an additional 135 shares in the last quarter. Bleakley Financial Group LLC raised its position in shares of CoStar Group by 1.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 8,638 shares of the technology company's stock valued at $652,000 after purchasing an additional 138 shares in the last quarter. Redmond Asset Management LLC increased its stake in shares of CoStar Group by 0.9% in the first quarter. Redmond Asset Management LLC now owns 18,670 shares of the technology company's stock worth $1,804,000 after buying an additional 169 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC boosted its stake in CoStar Group by 0.5% during the 2nd quarter. S.E.E.D. Planning Group LLC now owns 36,255 shares of the technology company's stock valued at $2,688,000 after acquiring an additional 172 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Insider Activity

In related news, Director Michael R. Klein sold 71,633 shares of the stock in a transaction that occurred 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Michael R. Klein sold 71,633 shares of CoStar Group stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $74.69, for a total value of $5,350,268.77. Following the transaction, the director now directly owns 1,913,501 shares of the company's stock, valued at $142,919,389.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew C. Florance bought 14,731 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was acquired at an average cost 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 of the company's stock, valued at $94,315,527.66. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.57% of the company's stock.

CoStar Group Price Performance

Shares of CoStar Group stock traded up $0.89 on Friday, hitting $77.19. The company had a trading volume of 1,026,909 shares, compared to its average volume of 2,371,007. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $100.38. 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 company has a market cap of $31.64 billion, a PE ratio of 176.05 and a beta of 0.82. The business has a 50-day simple moving average of $76.07 and a 200-day simple moving average of $78.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.06. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The company had revenue of $692.60 million for the quarter, compared to the consensus estimate of $695.91 million. During the same quarter in the previous year, the business earned $0.25 EPS. The company's quarterly revenue was up 10.9% compared to the same quarter last year. Research analysts expect that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on CSGP. JMP Securities reaffirmed a "market outperform" rating and set a $90.00 price target on shares of CoStar Group in a research report on Friday, September 6th. Robert W. Baird decreased their target price 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. Royal Bank of Canada downgraded CoStar Group from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $96.00 to $83.00 in a report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price objective on CoStar Group from $108.00 to $99.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of CoStar Group from $109.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, CoStar Group presently has an average rating of "Moderate Buy" and an average target price of $93.25.

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.