Citigroup Inc. lessened its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,988 shares of the technology company’s stock after selling 383 shares during the quarter. Citigroup Inc.’s holdings in CoStar Group were worth $788,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Comerica Bank boosted its holdings in shares of CoStar Group by 7.5% during the 1st quarter. Comerica Bank now owns 1,598 shares of the technology company’s stock valued at $378,000 after acquiring an additional 111 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of CoStar Group by 11.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 71,551 shares of the technology company’s stock worth $14,827,000 after acquiring an additional 7,223 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of CoStar Group by 18.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 31,940 shares of the technology company’s stock worth $6,619,000 after acquiring an additional 4,862 shares in the last quarter. KBC Group NV raised its position in shares of CoStar Group by 52.6% in the 1st quarter. KBC Group NV now owns 3,598 shares of the technology company’s stock worth $746,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of CoStar Group by 2.3% in the 1st quarter. Stifel Financial Corp now owns 8,609 shares of the technology company’s stock worth $1,778,000 after acquiring an additional 193 shares in the last quarter. 91.75% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Matthew Linnington sold 1,767 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $273.15, for a total transaction of $482,656.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.98% of the company’s stock.
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CoStar Group, Inc. (NASDAQ CSGP) opened at 283.72 on Wednesday. The company has a market capitalization of $9.31 billion, a P/E ratio of 95.24 and a beta of 1.51. The company has a 50-day moving average of $278.62 and a 200-day moving average of $260.92. CoStar Group, Inc. has a 1-year low of $179.21 and a 1-year high of $291.95.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.63 by $0.23. CoStar Group had a net margin of 10.85% and a return on equity of 7.19%. The business had revenue of $237.20 million during the quarter, compared to analyst estimates of $234.38 million. During the same quarter in the previous year, the business posted $0.91 EPS. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities analysts expect that CoStar Group, Inc. will post $4.44 EPS for the current fiscal year.
CSGP has been the subject of several research analyst reports. BidaskClub lowered CoStar Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Needham & Company LLC lifted their price objective on CoStar Group from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research lowered CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. B. Riley restated a “buy” rating and issued a $335.00 target price on shares of CoStar Group in a research note on Friday, July 28th. Finally, SunTrust Banks, Inc. lifted their price target on shares of CoStar Group from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CoStar Group has an average rating of “Buy” and a consensus price target of $312.57.
CoStar Group Profile
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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