DekaBank Deutsche Girozentrale raised its holdings in shares of CoStar Group (NASDAQ:CSGP) by 14.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,035 shares of the technology company’s stock after purchasing an additional 259 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CoStar Group were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Lenox Wealth Advisors Inc. acquired a new position in CoStar Group during the 4th quarter valued at about $102,000. Cerebellum GP LLC bought a new stake in shares of CoStar Group in the 4th quarter valued at about $129,000. Corient Capital Partners LLC bought a new stake in shares of CoStar Group in the 4th quarter valued at about $204,000. Hengehold Capital Management LLC bought a new stake in shares of CoStar Group in the 4th quarter valued at about $206,000. Finally, IFM Investors Pty Ltd bought a new stake in shares of CoStar Group in the 4th quarter valued at about $219,000. Institutional investors own 97.37% of the company’s stock.
In related news, Director John W. Hill sold 1,150 shares of the stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $361.28, for a total transaction of $415,472.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew C. Florance sold 5,839 shares of the stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $369.05, for a total value of $2,154,882.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,863 shares of company stock valued at $23,271,202. 2.47% of the stock is owned by company insiders.
CoStar Group opened at $381.45 on Friday, according to Marketbeat. CoStar Group has a 52-week low of $242.76 and a 52-week high of $396.59. The company has a market cap of $13.88 billion, a P/E ratio of 84.96, a price-to-earnings-growth ratio of 3.43 and a beta of 1.53.
CoStar Group (NASDAQ:CSGP) last posted its earnings results on Monday, April 23rd. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.28. CoStar Group had a return on equity of 6.97% and a net margin of 15.09%. The business had revenue of $274.00 million during the quarter, compared to analysts’ expectations of $270.56 million. During the same period in the prior year, the business earned $1.05 EPS. CoStar Group’s revenue for the quarter was up 20.7% compared to the same quarter last year. analysts anticipate that CoStar Group will post 6.63 earnings per share for the current year.
A number of analysts have recently commented on CSGP shares. Zacks Investment Research raised CoStar Group from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a research note on Thursday, February 8th. BidaskClub cut CoStar Group from a “strong-buy” rating to a “buy” rating in a research note on Friday. Citigroup reaffirmed a “buy” rating and issued a $425.00 price target (up from $320.00) on shares of CoStar Group in a research note on Tuesday, January 23rd. B. Riley upped their price target on CoStar Group to $400.00 in a research note on Tuesday, February 20th. Finally, Needham & Company LLC upped their price target on CoStar Group to $430.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $388.45.
About CoStar Group
CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.
Want to see what other hedge funds are holding CSGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group (NASDAQ:CSGP).
Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.