CoStar Group, Inc. $CSGP is Vulcan Value Partners LLC’s 7th Largest Position

Vulcan Value Partners LLC lifted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 3.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,831,609 shares of the technology company’s stock after purchasing an additional 115,125 shares during the period. CoStar Group accounts for about 5.9% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 7th biggest position. Vulcan Value Partners LLC owned approximately 0.90% of CoStar Group worth $323,204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewSquare Capital LLC raised its holdings in shares of CoStar Group by 35.6% in the second quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock valued at $33,000 after acquiring an additional 108 shares in the last quarter. Emerald Advisers LLC lifted its position in shares of CoStar Group by 1.9% in the 2nd quarter. Emerald Advisers LLC now owns 5,763 shares of the technology company’s stock worth $463,000 after purchasing an additional 110 shares during the period. Empirical Finance LLC boosted its stake in shares of CoStar Group by 1.4% during the second quarter. Empirical Finance LLC now owns 8,376 shares of the technology company’s stock valued at $673,000 after purchasing an additional 114 shares in the last quarter. STF Management LP increased its holdings in CoStar Group by 2.1% during the second quarter. STF Management LP now owns 6,269 shares of the technology company’s stock valued at $504,000 after buying an additional 128 shares during the period. Finally, Rossby Financial LCC increased its holdings in CoStar Group by 47.5% during the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock valued at $42,000 after buying an additional 162 shares during the period. 96.60% of the stock is owned by institutional investors.

CoStar Group Price Performance

Shares of NASDAQ CSGP opened at $49.87 on Monday. CoStar Group, Inc. has a fifty-two week low of $43.80 and a fifty-two week high of $97.43. The company has a market cap of $21.14 billion, a PE ratio of 997.40, a P/E/G ratio of 1.31 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12. The business has a 50-day simple moving average of $60.24 and a two-hundred day simple moving average of $72.28.

CoStar Group declared that its board has initiated a stock repurchase plan on Wednesday, January 7th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Keefe, Bruyette & Woods dropped their target price on CoStar Group from $100.00 to $75.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Bank of America set a $74.00 price objective on CoStar Group in a research report on Wednesday, January 7th. Wells Fargo & Company set a $48.00 target price on CoStar Group and gave the company an “underweight” rating in a research note on Wednesday, February 4th. BTIG Research raised shares of CoStar Group from a “neutral” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Tuesday, January 27th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.18.

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.