CoStar Group, Inc. (NASDAQ:CSGP) Shares Acquired by Krilogy Financial LLC

Krilogy Financial LLC increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,379 shares of the technology company’s stock after acquiring an additional 566 shares during the period. Krilogy Financial LLC’s holdings in CoStar Group were worth $1,066,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of CoStar Group in the 4th quarter worth approximately $406,934,000. Janus Henderson Group PLC grew its position in CoStar Group by 17.7% in the first quarter. Janus Henderson Group PLC now owns 11,808,027 shares of the technology company’s stock worth $1,140,650,000 after buying an additional 1,773,564 shares during the last quarter. Capital International Investors increased its holdings in shares of CoStar Group by 32.2% in the fourth quarter. Capital International Investors now owns 4,036,609 shares of the technology company’s stock valued at $352,759,000 after buying an additional 982,837 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of CoStar Group by 49.2% during the 4th quarter. Capital Research Global Investors now owns 2,414,313 shares of the technology company’s stock worth $210,987,000 after acquiring an additional 796,386 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of CoStar Group by 109.6% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,398,896 shares of the technology company’s stock worth $122,249,000 after acquiring an additional 731,375 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $107.00 price target on shares of CoStar Group in a research report on Wednesday, July 24th. Robert W. Baird dropped their target price on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on shares of CoStar Group from $102.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. The Goldman Sachs Group lowered their price objective on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods reduced their target price on CoStar Group from $109.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. One 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. Based on data from MarketBeat, CoStar Group has an average rating of “Moderate Buy” and a consensus price target of $96.38.

CoStar Group Stock Up 1.0 %

Shares of CoStar Group stock traded up $0.75 during trading on Wednesday, hitting $75.59. 1,355,993 shares of the stock traded hands, compared to its average volume of 2,296,485. The stock has a market cap of $30.87 billion, a P/E ratio of 102.96, a PEG ratio of 10.90 and a beta of 0.81. The company has a fifty day moving average price of $74.65 and a two-hundred day moving average price of $82.96. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. 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) last announced its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06. The business had revenue of $677.80 million during the quarter, compared to analysts’ expectations of $677.18 million. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 EPS. Equities research analysts predict that CoStar Group, Inc. will post 0.49 EPS for the current fiscal 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.