Citadel Advisors LLC Increases Stake in CoStar Group, Inc. (CSGP)
Citadel Advisors LLC grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 947.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 146,123 shares of the technology company’s stock after buying an additional 132,177 shares during the period. Citadel Advisors LLC owned 0.40% of CoStar Group worth $39,198,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Toronto Dominion Bank raised its holdings in shares of CoStar Group by 12.3% in the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock valued at $106,000 after buying an additional 44 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of CoStar Group in the second quarter valued at about $134,000. LS Investment Advisors LLC raised its holdings in shares of CoStar Group by 3.5% in the second quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock valued at $186,000 after buying an additional 24 shares during the last quarter. First Manhattan Co. purchased a new stake in shares of CoStar Group in the third quarter valued at about $187,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of CoStar Group in the second quarter valued at about $188,000. 92.09% of the stock is owned by institutional investors and hedge funds.
CoStar Group, Inc. (CSGP) opened at $310.19 on Monday. CoStar Group, Inc. has a one year low of $179.21 and a one year high of $314.73. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.15. The stock has a market cap of $11,210.00, a PE ratio of 77.74, a PEG ratio of 4.65 and a beta of 1.56.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.28. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. The business 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 business posted $1.11 earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year. research analysts predict that CoStar Group, Inc. will post 3.98 EPS for the current year.
A number of equities research analysts have recently commented on CSGP shares. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “strong-buy” rating and set a $317.00 target price for the company in a report on Tuesday, August 1st. B. Riley reaffirmed a “buy” rating and issued a $335.00 target price on shares of CoStar Group in a report on Wednesday, August 2nd. BidaskClub raised shares of CoStar Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Needham & Company LLC upped their target price on shares of CoStar Group from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $310.00 target price on shares of CoStar Group in a report on Wednesday, September 13th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $332.75.
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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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