CoStar Group, Inc. (NASDAQ:CSGP) Holdings Raised by Ycg LLC

Ycg LLC lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 451,973 shares of the technology company’s stock after purchasing an additional 6,764 shares during the quarter. CoStar Group comprises about 2.6% of Ycg LLC’s investment portfolio, making the stock its 19th largest holding. Ycg LLC owned 0.11% of CoStar Group worth $34,097,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in CoStar Group in the 1st quarter worth approximately $31,000. Industrial Alliance Investment Management Inc. acquired a new stake in CoStar Group in the 2nd quarter valued at approximately $49,000. Quarry LP acquired a new stake in CoStar Group in the 2nd quarter valued at approximately $54,000. Covestor Ltd grew its stake in CoStar Group by 43.0% in the first quarter. Covestor Ltd now owns 702 shares of the technology company’s stock valued at $68,000 after purchasing an additional 211 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in CoStar Group in the second quarter valued at approximately $73,000. 96.60% of the stock is currently owned by institutional investors.

Insider Transactions at CoStar Group

In other CoStar Group news, 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 value of $5,350,268.77. Following the sale, the director now owns 1,913,501 shares of the company’s stock, valued at $142,919,389.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CoStar Group news, CEO Andrew C. Florance acquired 14,731 shares of the stock in a transaction dated Friday, October 25th. The stock was acquired at an average price of $74.67 per share, with a total value of $1,099,963.77. Following the completion of the transaction, the chief executive officer now directly owns 1,263,098 shares in the company, valued at approximately $94,315,527.66. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael R. Klein sold 71,633 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $74.69, for a total value of $5,350,268.77. Following the sale, the director now directly owns 1,913,501 shares of the company’s stock, valued at approximately $142,919,389.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.

CoStar Group Stock Up 1.4 %

Shares of CSGP stock traded up $1.09 during trading hours on Friday, reaching $77.39. 2,277,981 shares of the company’s stock were exchanged, compared to its average volume of 3,708,157. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $100.38. The stock has a market cap of $31.73 billion, a PE ratio of 175.89 and a beta of 0.82. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $76.06 and its two-hundred day moving average price is $78.02.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The company had revenue of $692.60 million during the quarter, compared to the consensus estimate of $695.91 million. During the same period in the previous year, the company posted $0.25 earnings per share. CoStar Group’s revenue for the quarter was up 10.9% on a year-over-year basis. Research analysts predict that CoStar Group, Inc. will post 0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

CSGP has been the subject of several research reports. JMP Securities reissued a “market outperform” rating and set a $90.00 price target on shares of CoStar Group in a report on Friday, September 6th. The Goldman Sachs Group reduced their price objective on CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Bank of America reduced their price target on CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered their price objective on CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Citigroup lowered their price objective on CoStar Group from $97.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.25.

About CoStar Group

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.