Stratos Wealth Partners LTD. reduced its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 1,214 shares of the technology company’s stock after selling 21 shares during the period. Stratos Wealth Partners LTD.’s holdings in CoStar Group were worth $320,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of CoStar Group by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 69,826 shares of the technology company’s stock worth $13,161,000 after buying an additional 1,640 shares during the period. Guggenheim Capital LLC boosted its position in shares of CoStar Group by 62.8% in the fourth quarter. Guggenheim Capital LLC now owns 2,910 shares of the technology company’s stock worth $549,000 after buying an additional 1,123 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of CoStar Group by 155.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 64,328 shares of the technology company’s stock worth $12,125,000 after buying an additional 39,105 shares during the period. Teachers Advisors LLC boosted its position in shares of CoStar Group by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 29,547 shares of the technology company’s stock worth $5,569,000 after buying an additional 2,328 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of CoStar Group by 56.2% in the fourth quarter. Macquarie Group Ltd. now owns 4,560 shares of the technology company’s stock worth $860,000 after buying an additional 1,640 shares during the period.

CoStar Group, Inc. (NASDAQ:CSGP) opened at 281.18 on Thursday. The stock’s 50 day moving average is $271.96 and its 200-day moving average is $235.94. CoStar Group, Inc. has a 52 week low of $179.21 and a 52 week high of $284.47. The stock has a market capitalization of $9.23 billion, a PE ratio of 94.39 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 (EPS) for the quarter, beating the Zacks’ 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 analyst estimates of $234.38 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The firm’s revenue was up 14.6% compared to the same quarter last year. Equities research analysts forecast that CoStar Group, Inc. will post $4.49 EPS for the current year.

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A number of research analysts have issued reports on CSGP shares. Zacks Investment Research raised shares of CoStar Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. B. Riley reaffirmed a “buy” rating and issued a $275.00 target price on shares of CoStar Group in a report on Friday, April 28th. Finally, Needham & Company LLC increased their target price on shares of CoStar Group from $235.00 to $275.00 and gave the company a “buy” rating in a report on Friday, April 28th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $309.50.

In other news, Director Michael R. Klein sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $265.01, for a total transaction of $5,300,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Matthew Linnington sold 1,767 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $273.15, for a total transaction of $482,656.05. The disclosure for this sale can be found here. 2.98% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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