ETRADE Capital Management LLC acquired 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 Securities & Exchange Commission. The fund acquired 874 shares of the technology company’s stock, valued at approximately $234,000.

A number of other hedge funds have also bought and sold shares of the business. TD Asset Management Inc. boosted its position in CoStar Group by 93.8% in the third quarter. TD Asset Management Inc. now owns 33,394 shares of the technology company’s stock worth $8,958,000 after purchasing an additional 16,165 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of CoStar Group by 26.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 15,448 shares of the technology company’s stock valued at $4,144,000 after buying an additional 3,269 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in shares of CoStar Group by 6.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 688,359 shares of the technology company’s stock valued at $184,652,000 after buying an additional 40,492 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CoStar Group by 4.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,484 shares of the technology company’s stock valued at $1,471,000 after buying an additional 213 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of CoStar Group by 13.2% during the 3rd quarter. Pacer Advisors Inc. now owns 6,049 shares of the technology company’s stock valued at $1,623,000 after buying an additional 706 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of CoStar Group, Inc. (NASDAQ:CSGP) opened at $295.77 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96. CoStar Group, Inc. has a one year low of $183.20 and a one year high of $314.73. The stock has a market capitalization of $10,916.30, a price-to-earnings ratio of 75.69, a P/E/G ratio of 4.52 and a beta of 1.55.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $243.44 million. During the same period in the previous year, the company posted $1.11 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. research analysts anticipate that CoStar Group, Inc. will post 3.99 earnings per share for the current year.

A number of brokerages have recently commented on CSGP. B. Riley reaffirmed a “buy” rating and set a $335.00 price target on shares of CoStar Group in a research report on Monday, October 2nd. Zacks Investment Research cut CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. BidaskClub cut CoStar Group from a “buy” rating to a “hold” rating in a research report on Saturday. SunTrust Banks reaffirmed a “buy” rating and set a $310.00 price target on shares of CoStar Group in a research report on Wednesday, September 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $325.00 price target on shares of CoStar Group in a research report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $332.75.

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About CoStar Group

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.

Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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