NS Partners Ltd Increases Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

NS Partners Ltd boosted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 182,417 shares of the technology company’s stock after buying an additional 3,836 shares during the period. NS Partners Ltd’s holdings in CoStar Group were worth $13,762,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in CoStar Group during the third quarter valued at $40,000. Swedbank AB purchased a new stake in CoStar Group in the 1st quarter worth about $4,223,000. Gateway Investment Advisers LLC raised its position in CoStar Group by 31.1% in the 2nd quarter. Gateway Investment Advisers LLC now owns 40,525 shares of the technology company’s stock worth $3,005,000 after purchasing an additional 9,618 shares during the period. First Hawaiian Bank lifted its stake in CoStar Group by 111.9% in the second quarter. First Hawaiian Bank now owns 16,726 shares of the technology company’s stock worth $1,240,000 after purchasing an additional 8,833 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of CoStar Group by 248.2% during the second quarter. Assenagon Asset Management S.A. now owns 369,291 shares of the technology company’s stock valued at $27,379,000 after buying an additional 263,234 shares during the period. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Down 1.7 %

CSGP stock opened at $72.09 on Wednesday. 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 firm’s fifty day simple moving average is $75.56 and its 200-day simple moving average is $77.08. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38. The company has a market capitalization of $29.55 billion, a P/E ratio of 163.84 and a beta of 0.82.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. The company had revenue of $692.60 million for the quarter, compared to the consensus estimate of $695.91 million. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. As a group, equities research analysts forecast that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CSGP shares. BMO Capital Markets reduced their price target on CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Citigroup reduced their target price on CoStar Group from $97.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. JMP Securities reissued a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a research note on Friday, September 6th. The Goldman Sachs Group reduced their price target on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of CoStar Group in a research report on Tuesday. One 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $93.25.

Insider Buying and Selling

In other news, CEO Andrew C. Florance acquired 14,731 shares of the business’s stock in a transaction on Friday, October 25th. The stock was bought at an average price of $74.67 per share, with a total value of $1,099,963.77. Following the completion of the acquisition, the chief executive officer now owns 1,263,098 shares of the company’s stock, valued at approximately $94,315,527.66. This represents a 1.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael R. Klein sold 71,633 shares of the stock in a transaction dated Friday, October 25th. The stock was 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 in the company, valued at approximately $142,919,389.69. The trade was a 3.61 % decrease in their ownership of the stock. 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.