CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC lessened its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,729 shares of the technology company’s stock after selling 792 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in CoStar Group were worth $3,835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in CoStar Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 65,451,499 shares of the technology company’s stock valued at $6,322,615,000 after acquiring an additional 541,700 shares in the last quarter. Janus Henderson Group PLC grew its holdings in CoStar Group by 17.7% during the 1st quarter. Janus Henderson Group PLC now owns 11,808,027 shares of the technology company’s stock valued at $1,140,650,000 after purchasing an additional 1,773,564 shares in the last quarter. Norges Bank acquired a new stake in CoStar Group during the 4th quarter valued at $406,934,000. Blair William & Co. IL increased its stake in CoStar Group by 0.6% during the 1st quarter. Blair William & Co. IL now owns 4,419,778 shares of the technology company’s stock worth $426,951,000 after buying an additional 26,800 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in CoStar Group by 10.1% in the 4th quarter. Brown Advisory Inc. now owns 4,144,721 shares of the technology company’s stock worth $362,207,000 after buying an additional 380,859 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods dropped their price objective on CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Needham & Company LLC reiterated a “buy” rating and set a $107.00 price objective on shares of CoStar Group in a research note on Wednesday, July 24th. The Goldman Sachs Group dropped their target price on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets increased their price target on shares of CoStar Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. Finally, JMP Securities lowered their price objective on shares of CoStar Group from $110.00 to $90.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.38.

CoStar Group Price Performance

Shares of NASDAQ CSGP traded down $0.07 during mid-day trading on Friday, reaching $73.88. The company had a trading volume of 1,417,289 shares, compared to its average volume of 2,914,936. The company has a 50-day moving average price of $75.13 and a two-hundred day moving average price of $83.49. The stock has a market cap of $30.17 billion, a PE ratio of 101.21, a P/E/G ratio of 10.92 and a beta of 0.81. The company has a current ratio of 9.27, a quick ratio of 9.27 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 1-year low of $67.35 and a 1-year high of $100.38.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 23rd. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The company had revenue of $677.80 million during the quarter, compared to analysts’ expectations of $677.18 million. During the same period last year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts anticipate that CoStar Group, Inc. will post 0.49 earnings per share for the current year.

CoStar Group 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.