CoStar Group, Inc. (CSGP) Shares Sold by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA cut its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 35.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,110 shares of the technology company’s stock after selling 1,151 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in CoStar Group were worth $566,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of CSGP. Janus Henderson Group PLC increased its position in shares of CoStar Group by 2,015.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,617,006 shares of the technology company’s stock valued at $689,842,000 after purchasing an additional 2,493,281 shares during the period. Balyasny Asset Management LLC increased its position in shares of CoStar Group by 773.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 108,342 shares of the technology company’s stock valued at $28,559,000 after purchasing an additional 95,933 shares during the period. First Trust Advisors LP increased its position in shares of CoStar Group by 2,599.7% during the 3rd quarter. First Trust Advisors LP now owns 89,118 shares of the technology company’s stock valued at $23,906,000 after purchasing an additional 85,817 shares during the period. Vanguard Group Inc. increased its position in shares of CoStar Group by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,633,434 shares of the technology company’s stock valued at $694,173,000 after purchasing an additional 79,521 shares during the period. Finally, Jennison Associates LLC acquired a new position in shares of CoStar Group during the 3rd quarter valued at $18,834,000. Institutional investors own 98.89% of the company’s stock.
CoStar Group, Inc. (CSGP) opened at $291.82 on Friday. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $10,598.22, a price-to-earnings ratio of 73.49, a P/E/G ratio of 4.39 and a beta of 1.55. CoStar Group, Inc. has a 1-year low of $184.86 and a 1-year high of $314.73.
CoStar Group (NASDAQ:CSGP) last issued its earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.28. The business had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $243.44 million. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 EPS. analysts anticipate that CoStar Group, Inc. will post 3.99 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on CSGP. BidaskClub cut CoStar Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Goldman Sachs Group initiated coverage on CoStar Group in a report on Wednesday, November 8th. They issued a “buy” rating and a $359.00 target price on the stock. Zacks Investment Research upgraded CoStar Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. Stephens lifted their target price on CoStar Group from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Finally, SunTrust Banks restated a “buy” rating and issued a $335.00 target price on shares of CoStar Group in a report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price 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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