DF Dent & Co. Inc. trimmed its stake in shares of CoStar Group Inc (NASDAQ:CSGP) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 297,150 shares of the technology company’s stock after selling 33,890 shares during the quarter. CoStar Group comprises 2.2% of DF Dent & Co. Inc.’s holdings, making the stock its 22nd biggest position. DF Dent & Co. Inc. owned about 0.82% of CoStar Group worth $88,239,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in CSGP. Lenox Wealth Advisors Inc. bought a new stake in shares of CoStar Group during the 4th quarter worth about $102,000. Cerebellum GP LLC bought a new stake in shares of CoStar Group during the 4th quarter worth about $129,000. Corient Capital Partners LLC bought a new stake in shares of CoStar Group during the 4th quarter worth about $204,000. Hengehold Capital Management LLC bought a new stake in shares of CoStar Group in the 4th quarter worth approximately $206,000. Finally, IFM Investors Pty Ltd bought a new stake in shares of CoStar Group in the 4th quarter worth approximately $219,000. Institutional investors own 98.56% of the company’s stock.
A number of research firms recently commented on CSGP. BidaskClub downgraded shares of CoStar Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th. Zacks Investment Research downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Needham & Company LLC boosted their target price on shares of CoStar Group to $430.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. SunTrust Banks boosted their target price on shares of CoStar Group to $410.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. downgraded shares of CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 target price on the stock. in a report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. CoStar Group presently has a consensus rating of “Buy” and a consensus price target of $380.10.
Shares of CoStar Group stock opened at $367.80 on Monday. The company has a market cap of $13,275.63, a P/E ratio of 93.59, a P/E/G ratio of 3.51 and a beta of 1.61. CoStar Group Inc has a fifty-two week low of $197.55 and a fifty-two week high of $369.91.
CoStar Group (NASDAQ:CSGP) last released its earnings results on Wednesday, February 21st. The technology company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.01. The business had revenue of $253.99 million for the quarter, compared to the consensus estimate of $253.74 million. CoStar Group had a net margin of 12.71% and a return on equity of 6.75%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. sell-side analysts expect that CoStar Group Inc will post 6.25 EPS for the current year.
In other news, CFO Scott T. Wheeler sold 1,250 shares of CoStar Group stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $353.69, for a total value of $442,112.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Francis Carchedi sold 12,100 shares of CoStar Group stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $356.09, for a total transaction of $4,308,689.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,271 shares of company stock worth $7,509,131. 3.09% of the stock is currently owned by insiders.
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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