CoStar Group, Inc. (CSGP) Shares Sold by Northern Trust Corp
Northern Trust Corp lowered its position in CoStar Group, Inc. (NASDAQ:CSGP) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,249 shares of the technology company’s stock after selling 640 shares during the quarter. Northern Trust Corp owned 0.68% of CoStar Group worth $58,848,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in CSGP. Comerica Bank increased its position in shares of CoStar Group by 7.5% in the first quarter. Comerica Bank now owns 1,598 shares of the technology company’s stock valued at $378,000 after buying an additional 111 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of CoStar Group by 11.2% in the first quarter. UBS Asset Management Americas Inc. now owns 71,551 shares of the technology company’s stock valued at $14,827,000 after buying an additional 7,223 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of CoStar Group in the first quarter valued at $1,335,000. Parametric Portfolio Associates LLC increased its position in shares of CoStar Group by 18.0% in the first quarter. Parametric Portfolio Associates LLC now owns 31,940 shares of the technology company’s stock valued at $6,619,000 after buying an additional 4,862 shares in the last quarter. Finally, KBC Group NV increased its position in shares of CoStar Group by 52.6% in the first quarter. KBC Group NV now owns 3,598 shares of the technology company’s stock valued at $746,000 after buying an additional 1,240 shares in the last quarter. Institutional investors and hedge funds own 99.84% of the company’s stock.
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Shares of CoStar Group, Inc. (NASDAQ CSGP) opened at 271.79 on Thursday. The firm has a 50-day moving average price of $278.82 and a 200-day moving average price of $256.78. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 91.24 and a beta of 1.51. CoStar Group, Inc. has a 52 week low of $179.22 and a 52 week high of $287.96.
CoStar Group (NASDAQ:CSGP) last issued its earnings results on Wednesday, July 26th. The technology company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.23. CoStar Group had a return on equity of 7.19% and a net margin of 10.85%. The firm had revenue of $237.20 million for the quarter, compared to the consensus estimate of $234.38 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities analysts expect that CoStar Group, Inc. will post $4.45 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the company. Needham & Company LLC raised their price target on CoStar Group from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $310.00 price objective on shares of CoStar Group in a research note on Wednesday, September 13th. Zacks Investment Research lowered CoStar Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub raised CoStar Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, B. Riley reaffirmed a “buy” rating and set a $335.00 price objective on shares of CoStar Group in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company. CoStar Group has a consensus rating of “Buy” and an average target price of $313.67.
In other CoStar Group news, VP Matthew Linnington sold 1,767 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $273.15, for a total value of $482,656.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.98% of the company’s stock.
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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