CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 34.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,892 shares of the technology company’s stock after acquiring an additional 42,938 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in CoStar Group were worth $12,634,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Swedbank AB acquired a new stake in CoStar Group in the 1st quarter valued at about $4,223,000. SG Americas Securities LLC lifted its holdings in CoStar Group by 390.8% in the 1st quarter. SG Americas Securities LLC now owns 99,800 shares of the technology company’s stock valued at $9,641,000 after acquiring an additional 79,467 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in CoStar Group by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,035,675 shares of the technology company’s stock valued at $100,046,000 after acquiring an additional 17,658 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in CoStar Group by 5.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 477,691 shares of the technology company’s stock valued at $46,145,000 after acquiring an additional 23,987 shares during the last quarter. Finally, Twin Tree Management LP acquired a new stake in CoStar Group in the 1st quarter valued at about $802,000. 96.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSGP has been the topic of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $107.00 price objective on shares of CoStar Group in a report on Tuesday, September 17th. The Goldman Sachs Group cut their price objective on CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. JMP Securities restated a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a report on Friday, September 6th. Royal Bank of Canada restated an “outperform” rating and set a $96.00 price objective on shares of CoStar Group in a report on Tuesday, September 10th. Finally, Bank of America cut their price objective on CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.38.

CoStar Group Trading Up 1.1 %

NASDAQ:CSGP opened at $78.22 on Wednesday. The stock’s 50 day moving average price is $76.03 and its 200 day moving average price is $79.80. CoStar Group, Inc. has a 52 week low of $67.35 and a 52 week high of $100.38. The company has a market capitalization of $31.94 billion, a P/E ratio of 107.15 and a beta of 0.81. 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 released its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The firm had revenue of $677.80 million for the quarter, compared to the consensus estimate of $677.18 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. On average, research analysts forecast that CoStar Group, Inc. will post 0.49 EPS for the current fiscal year.

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.