Great West Life Assurance Co. Can cut its position in CoStar Group Inc (NASDAQ:CSGP) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,143 shares of the technology company’s stock after selling 40 shares during the period. Great West Life Assurance Co. Can’s holdings in CoStar Group were worth $5,541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its position in CoStar Group by 7.0% in the 4th quarter. BlackRock Inc. now owns 3,061,248 shares of the technology company’s stock valued at $1,032,680,000 after acquiring an additional 200,620 shares in the last quarter. Vanguard Group Inc lifted its position in shares of CoStar Group by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 3,047,482 shares of the technology company’s stock worth $1,282,503,000 after buying an additional 9,345 shares in the last quarter. Marshall Wace North America L.P. lifted its position in shares of CoStar Group by 16.4% during the 3rd quarter. Marshall Wace North America L.P. now owns 548,194 shares of the technology company’s stock worth $230,702,000 after buying an additional 77,373 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of CoStar Group by 73.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 478,297 shares of the technology company’s stock worth $201,288,000 after buying an additional 202,743 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of CoStar Group by 100.6% during the 4th quarter. Mackenzie Financial Corp now owns 423,354 shares of the technology company’s stock worth $142,814,000 after buying an additional 212,278 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

NASDAQ:CSGP opened at $469.13 on Friday. The company has a market capitalization of $17.10 billion, a P/E ratio of 63.40, a P/E/G ratio of 3.08 and a beta of 1.46. CoStar Group Inc has a 12 month low of $315.85 and a 12 month high of $484.92.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, February 26th. The technology company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The company had revenue of $315.57 million for the quarter, compared to analysts’ expectations of $310.19 million. CoStar Group had a net margin of 20.00% and a return on equity of 9.30%. CoStar Group’s revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 EPS. On average, analysts expect that CoStar Group Inc will post 9.03 earnings per share for the current fiscal year.

Several research firms have commented on CSGP. Zacks Investment Research cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 25th. B. Riley lifted their target price on shares of CoStar Group from $460.00 to $512.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Bank of America reissued a “buy” rating and set a $460.00 target price (up previously from $429.00) on shares of CoStar Group in a research report on Wednesday, February 27th. SunTrust Banks lifted their target price on shares of CoStar Group to $460.00 and gave the stock a “positive” rating in a research report on Wednesday, February 27th. Finally, BidaskClub raised shares of CoStar Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. CoStar Group has an average rating of “Buy” and an average target price of $457.22.

In related news, VP Matthew Linnington sold 4,701 shares of CoStar Group stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $477.31, for a total value of $2,243,834.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Scott T. Wheeler sold 5,396 shares of CoStar Group stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $476.11, for a total transaction of $2,569,089.56. The disclosure for this sale can be found here. Insiders sold a total of 66,461 shares of company stock worth $31,346,029 in the last ninety days. 2.47% of the stock is currently owned by insiders.

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About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land.

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

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