CoStar Group, Inc. (CSGP) Shares Bought by World Asset Management Inc
World Asset Management Inc raised its position in CoStar Group, Inc. (NASDAQ:CSGP) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 1,472 shares of the technology company’s stock after buying an additional 24 shares during the period. World Asset Management Inc’s holdings in CoStar Group were worth $388,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of CSGP. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in CoStar Group during the first quarter worth approximately $124,000. Penserra Capital Management LLC boosted its position in CoStar Group by 9.5% in the first quarter. Penserra Capital Management LLC now owns 736 shares of the technology company’s stock worth $152,000 after buying an additional 64 shares during the period. Daiwa Securities Group Inc. boosted its position in CoStar Group by 500.0% in the first quarter. Daiwa Securities Group Inc. now owns 900 shares of the technology company’s stock worth $186,000 after buying an additional 750 shares during the period. LS Investment Advisors LLC boosted its position in CoStar Group by 3.5% in the second quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock worth $186,000 after buying an additional 24 shares during the period. Finally, Capstone Asset Management Co. acquired a new position in CoStar Group during the second quarter worth approximately $211,000.
CoStar Group, Inc. (NASDAQ CSGP) opened at 279.88 on Friday. CoStar Group, Inc. has a one year low of $179.22 and a one year high of $284.66. The firm has a 50-day moving average price of $273.07 and a 200-day moving average price of $236.82. The firm has a market cap of $9.19 billion, a PE ratio of 93.95 and a beta of 1.51.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.23. CoStar Group had a return on equity of 7.19% and a net margin of 10.85%. The business had revenue of $237.20 million for the quarter, compared to the consensus estimate of $234.38 million. During the same quarter last year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, equities analysts expect that CoStar Group, Inc. will post $4.49 EPS for the current fiscal year.
A number of research firms have recently commented on CSGP. Citigroup Inc. set a $320.00 price target on CoStar Group and gave the stock a “buy” rating in a report on Friday, July 28th. Zacks Investment Research raised CoStar Group from a “hold” rating to a “buy” rating and set a $293.00 price target for the company in a report on Thursday, June 1st. B. Riley reissued a “buy” rating and set a $325.00 price target on shares of CoStar Group in a report on Wednesday, July 19th. Finally, SunTrust Banks, Inc. boosted their price target on CoStar Group from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 5th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. CoStar Group has an average rating of “Buy” and an average target price of $309.50.
In other CoStar Group news, Director Michael R. Klein sold 20,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $265.01, for a total transaction of $5,300,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Matthew Linnington sold 1,767 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $273.15, for a total value of $482,656.05. The disclosure for this sale can be found here. Company insiders own 2.98% of the company’s stock.
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.
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