Motley Fool Asset Management LLC Increases Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Motley Fool Asset Management LLC lifted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,223 shares of the technology company’s stock after purchasing an additional 722 shares during the quarter. Motley Fool Asset Management LLC’s holdings in CoStar Group were worth $981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in CoStar Group by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,808,306 shares of the technology company’s stock valued at $1,523,061,000 after acquiring an additional 761,383 shares during the period. Bamco Inc. NY raised its position in CoStar Group by 0.5% during the 3rd quarter. Bamco Inc. NY now owns 19,196,502 shares of the technology company’s stock valued at $1,476,019,000 after purchasing an additional 91,399 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in CoStar Group by 5.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,967,040 shares of the technology company’s stock valued at $920,146,000 after purchasing an additional 596,595 shares in the last quarter. Artisan Partners Limited Partnership raised its position in CoStar Group by 6.1% during the 3rd quarter. Artisan Partners Limited Partnership now owns 5,569,718 shares of the technology company’s stock valued at $428,256,000 after purchasing an additional 319,960 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in CoStar Group by 4.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,528,098 shares of the technology company’s stock valued at $425,056,000 after purchasing an additional 218,094 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CSGP. Stephens reaffirmed an “overweight” rating and set a $105.00 target price on shares of CoStar Group in a research report on Wednesday. The Goldman Sachs Group boosted their price target on CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. BMO Capital Markets boosted their target price on CoStar Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a research note on Thursday. Jefferies Financial Group boosted their target price on CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Finally, William Blair restated an “outperform” rating on shares of CoStar Group in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.46.

CoStar Group Stock Performance

Shares of CSGP traded up $2.31 during mid-day trading on Friday, reaching $92.65. The company had a trading volume of 2,234,096 shares, compared to its average volume of 2,201,923. CoStar Group, Inc. has a 52-week low of $67.35 and a 52-week high of $100.38. The company has a quick ratio of 12.01, a current ratio of 9.09 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $37.84 billion, a P/E ratio of 126.92, a PEG ratio of 10.57 and a beta of 0.84. The stock has a 50 day moving average of $89.77 and a two-hundred day moving average of $84.76.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. The firm had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. On average, analysts expect that CoStar Group, Inc. will post 0.44 earnings per share for the current year.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.