Toronto Dominion Bank Sells 61,415 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Toronto Dominion Bank trimmed its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 30.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 143,575 shares of the technology company's stock after selling 61,415 shares during the quarter. Toronto Dominion Bank's holdings in CoStar Group were worth $10,831,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Coldstream Capital Management Inc. raised its stake in CoStar Group by 6.5% in the third quarter. Coldstream Capital Management Inc. now owns 6,370 shares of the technology company's stock valued at $481,000 after purchasing an additional 391 shares in the last quarter. Geode Capital Management LLC increased its holdings in CoStar Group by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 11,308,986 shares of the technology company's stock valued at $850,656,000 after buying an additional 236,407 shares during the period. Prestige Wealth Management Group LLC raised its position in shares of CoStar Group by 7,715.2% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 5,158 shares of the technology company's stock valued at $389,000 after buying an additional 5,092 shares in the last quarter. Brophy Wealth Management LLC bought a new stake in shares of CoStar Group during the 3rd quarter worth approximately $347,000. Finally, M&T Bank Corp boosted its position in shares of CoStar Group by 3.4% during the 3rd quarter. M&T Bank Corp now owns 24,330 shares of the technology company's stock worth $1,835,000 after acquiring an additional 790 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CSGP. JMP Securities reaffirmed a "market outperform" rating and issued a $90.00 target price on shares of CoStar Group in a report on Friday, September 6th. Royal Bank of Canada cut CoStar Group from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $96.00 to $83.00 in a research report on Wednesday, October 23rd. StockNews.com cut shares of CoStar Group from a "hold" rating to a "sell" rating in a report on Monday, October 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of CoStar Group in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. lowered their price objective 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, CoStar Group presently has an average rating of "Moderate Buy" and a consensus target price of $93.25.

CoStar Group Trading Down 4.1 %

CSGP traded down $3.18 during midday trading on Friday, hitting $75.07. 2,325,172 shares of the company were exchanged, compared to its average volume of 2,380,497. The firm has a market capitalization of $30.78 billion, a P/E ratio of 170.62 and a beta of 0.83. The firm's 50 day moving average price is $76.45 and its 200-day moving average price is $76.03. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $100.38.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The business had revenue of $692.60 million for the quarter, compared to analysts' expectations of $695.91 million. During the same period in the prior year, the business posted $0.25 earnings per share. The firm's revenue was up 10.9% on a year-over-year basis. As a group, equities analysts forecast that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

Insider Activity at CoStar Group

In related news, CEO Andrew C. Florance acquired 14,731 shares of the business's stock in a transaction that occurred on Friday, October 25th. The stock was bought at an average cost of $74.67 per share, for a total transaction of $1,099,963.77. Following the purchase, the chief executive officer now owns 1,263,098 shares in the company, valued at $94,315,527.66. The trade was a 1.18 % increase in their position. The transaction was disclosed in a 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 stock was sold at an average price of $74.69, for a total value of $5,350,268.77. Following the completion of the transaction, the director now directly owns 1,913,501 shares of the company's stock, valued at approximately $142,919,389.69. This trade represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.

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.