CoStar Group, Inc. (CSGP) Stake Lifted by Janus Henderson Group PLC
Janus Henderson Group PLC increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2,015.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,617,006 shares of the technology company’s stock after purchasing an additional 2,493,281 shares during the period. Janus Henderson Group PLC owned approximately 7.97% of CoStar Group worth $689,842,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CSGP. LS Investment Advisors LLC lifted 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 valued at $186,000 after purchasing an additional 24 shares during the period. World Asset Management Inc increased its position in CoStar Group by 1.7% during the 2nd quarter. World Asset Management Inc now owns 1,472 shares of the technology company’s stock worth $388,000 after purchasing an additional 24 shares during the period. Advisor Group Inc. increased its position in CoStar Group by 3.8% during the 2nd quarter. Advisor Group Inc. now owns 1,490 shares of the technology company’s stock worth $393,000 after purchasing an additional 54 shares during the period. CLS Investments LLC increased its position in CoStar Group by 1.9% during the 2nd quarter. CLS Investments LLC now owns 4,174 shares of the technology company’s stock worth $1,100,000 after purchasing an additional 76 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in CoStar Group by 1.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,271 shares of the technology company’s stock worth $1,389,000 after purchasing an additional 83 shares during the period. 99.84% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Matthew Linnington sold 1,767 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $273.15, for a total value of $482,656.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.98% of the stock is owned by insiders.
Several research firms have recently commented on CSGP. BidaskClub cut CoStar Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Needham & Company LLC increased their price objective on CoStar Group from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research raised CoStar Group from a “hold” rating to a “buy” rating and set a $289.00 target price for the company in a report on Wednesday, June 7th. B. Riley restated a “buy” rating and set a $335.00 target price on shares of CoStar Group in a research report on Friday, July 28th. Finally, Stephens restated an “overweight” rating and set a $275.00 target price (up from $260.00) on shares of CoStar Group in a research report on Monday, June 19th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $313.67.
Shares of CoStar Group, Inc. (NASDAQ CSGP) traded up 0.37% on Wednesday, hitting $272.64. The stock had a trading volume of 129,883 shares. CoStar Group, Inc. has a 12-month low of $179.22 and a 12-month high of $287.96. The firm has a market cap of $8.95 billion, a P/E ratio of 91.52 and a beta of 1.51. The company’s 50-day moving average price is $279.11 and its 200 day moving average price is $256.67.
CoStar Group (NASDAQ:CSGP) last released its earnings results on Wednesday, July 26th. The technology company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.23. CoStar Group had a net margin of 10.85% and a return on equity of 7.19%. The business had revenue of $237.20 million for the quarter, compared to the consensus estimate of $234.38 million. During the same period last year, the firm posted $0.91 earnings per share. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities research analysts forecast that CoStar Group, Inc. will post $4.45 earnings per share for the current fiscal year.
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CoStar Group Company 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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