Pacer Advisors Inc. raised its position in shares of CoStar Group Inc (NASDAQ:CSGP) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,065 shares of the technology company’s stock after buying an additional 92 shares during the quarter. Pacer Advisors Inc.’s holdings in CoStar Group were worth $2,178,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV purchased a new position in CoStar Group during the 2nd quarter valued at approximately $39,000. Balentine LLC purchased a new position in CoStar Group during the 1st quarter valued at approximately $42,000. Rockefeller Capital Management L.P. grew its holdings in CoStar Group by 100.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 74 shares of the technology company’s stock valued at $43,000 after buying an additional 37 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in CoStar Group by 117.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 89 shares of the technology company’s stock valued at $63,000 after buying an additional 48 shares in the last quarter. Finally, Citizens Financial Group Inc RI boosted its holdings in shares of CoStar Group by 405.6% in the 1st quarter. Citizens Financial Group Inc RI now owns 91 shares of the technology company’s stock worth $53,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 89.13% of the company’s stock.
Shares of CSGP stock opened at $849.76 on Friday. CoStar Group Inc has a 1-year low of $500.24 and a 1-year high of $939.00. The stock’s fifty day moving average price is $708.87 and its 200 day moving average price is $661.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 14.01 and a quick ratio of 8.75. The company has a market cap of $33.45 billion, a price-to-earnings ratio of 92.67 and a beta of 1.10.
CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 28th. The technology company reported $2.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.34. CoStar Group had a return on equity of 8.81% and a net margin of 19.76%. The firm had revenue of $392.00 million for the quarter, compared to the consensus estimate of $390.18 million. During the same period in the previous year, the business earned $2.23 EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, equities research analysts anticipate that CoStar Group Inc will post 8.26 earnings per share for the current year.
A number of equities analysts have recently commented on CSGP shares. Needham & Company LLC lifted their target price on CoStar Group from $775.00 to $825.00 and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded CoStar Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. raised CoStar Group from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $660.00 to $900.00 in a research note on Wednesday. SunTrust Banks lifted their target price on CoStar Group from $695.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JMP Securities lifted their target price on CoStar Group from $725.00 to $800.00 and gave the company an “outperform” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. CoStar Group presently has an average rating of “Buy” and an average price target of $791.08.
CoStar Group Profile
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 offers inventory of office, industrial, retail, and multifamily properties and land.
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