16,419 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Acquired by FORA Capital LLC

FORA Capital LLC purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,419 shares of the technology company’s stock, valued at approximately $1,239,000.

Several other hedge funds have also made changes to their positions in the stock. BNP Paribas bought a new stake in CoStar Group during the 3rd quarter valued at $2,475,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in CoStar Group by 107.7% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 77,906 shares of the technology company’s stock valued at $5,877,000 after acquiring an additional 40,404 shares in the last quarter. Bridgewater Associates LP raised its stake in CoStar Group by 23.7% during the 3rd quarter. Bridgewater Associates LP now owns 423,073 shares of the technology company’s stock valued at $31,917,000 after acquiring an additional 81,054 shares in the last quarter. Townsquare Capital LLC raised its stake in CoStar Group by 12.5% during the 3rd quarter. Townsquare Capital LLC now owns 9,359 shares of the technology company’s stock valued at $706,000 after acquiring an additional 1,040 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in CoStar Group by 33.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,260,157 shares of the technology company’s stock valued at $95,066,000 after acquiring an additional 317,017 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CSGP. BMO Capital Markets cut their target price on CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. dropped their price objective on CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of CoStar Group in a research note on Tuesday, November 19th. Royal Bank of Canada downgraded CoStar Group from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $96.00 to $83.00 in a research note on Wednesday, October 23rd. Finally, Citigroup dropped their price objective 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.25.

Insider Activity

In other news, CEO Andrew C. Florance acquired 14,731 shares of CoStar Group stock in a transaction that occurred on Friday, October 25th. The stock was purchased 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 owns 1,263,098 shares in the company, valued at approximately $94,315,527.66. This trade represents a 1.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Klein sold 71,633 shares of CoStar Group stock in a transaction on 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. The trade was a 3.61 % decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.

CoStar Group Stock Performance

Shares of CSGP stock opened at $81.97 on Thursday. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $100.38. 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 company has a market capitalization of $33.60 billion, a price-to-earnings ratio of 186.30 and a beta of 0.82. The stock’s fifty day simple moving average is $75.72 and its 200-day simple moving average is $76.68.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share 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 business had revenue of $692.60 million for the quarter, compared to the consensus estimate of $695.91 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. CoStar Group’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, sell-side analysts predict that CoStar Group, Inc. will post 0.52 earnings per share for the current fiscal year.

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.