People s United Financial Inc. reduced its stake in CoStar Group Inc (NASDAQ:CSGP) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,849 shares of the technology company’s stock after selling 324 shares during the period. People s United Financial Inc.’s holdings in CoStar Group were worth $2,041,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CSGP. Aperio Group LLC raised its position in CoStar Group by 5.2% in the second quarter. Aperio Group LLC now owns 12,488 shares of the technology company’s stock worth $5,153,000 after acquiring an additional 622 shares in the last quarter. Wells Fargo & Company MN raised its position in CoStar Group by 9.3% in the second quarter. Wells Fargo & Company MN now owns 141,499 shares of the technology company’s stock worth $58,387,000 after acquiring an additional 12,054 shares in the last quarter. First Trust Advisors LP raised its position in CoStar Group by 40.9% in the second quarter. First Trust Advisors LP now owns 84,922 shares of the technology company’s stock worth $35,041,000 after acquiring an additional 24,631 shares in the last quarter. Victory Capital Management Inc. raised its position in CoStar Group by 13.6% in the second quarter. Victory Capital Management Inc. now owns 10,419 shares of the technology company’s stock worth $4,299,000 after acquiring an additional 1,251 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in CoStar Group by 34.1% in the second quarter. D.A. Davidson & CO. now owns 1,975 shares of the technology company’s stock worth $815,000 after acquiring an additional 502 shares in the last quarter. 95.89% of the stock is owned by hedge funds and other institutional investors.

NASDAQ CSGP opened at $375.44 on Friday. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 97.01, a P/E/G ratio of 3.06 and a beta of 1.51. CoStar Group Inc has a 1 year low of $283.11 and a 1 year high of $448.35.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, October 23rd. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.08. The firm had revenue of $305.53 million for the quarter, compared to the consensus estimate of $305.99 million. CoStar Group had a return on equity of 7.63% and a net margin of 17.61%. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.41 EPS. Equities analysts expect that CoStar Group Inc will post 7.13 earnings per share for the current year.

In other CoStar Group news, Director Christopher J. Nassetta sold 571 shares of the business’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $349.67, for a total transaction of $199,661.57. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.47% of the stock is currently owned by insiders.

Several equities research analysts have commented on CSGP shares. BidaskClub cut shares of CoStar Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. ValuEngine cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Zacks Investment Research upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $471.00 price target on the stock in a research report on Monday, October 1st. Finally, Needham & Company LLC boosted their price target on shares of CoStar Group from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. CoStar Group presently has an average rating of “Buy” and an average price target of $451.44.

ILLEGAL ACTIVITY WARNING: This report was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.watchlistnews.com/people-s-united-financial-inc-has-2-04-million-stake-in-costar-group-inc-csgp/2668331.html.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.

Recommended Story: What is Cost of Debt?

Want to see what other hedge funds are holding CSGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group Inc (NASDAQ:CSGP).

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

Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.