Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 15.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,498 shares of the technology company's stock after selling 16,699 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in CoStar Group were worth $7,053,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Bleakley Financial Group LLC raised its position in CoStar Group by 1.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 8,638 shares of the technology company's stock valued at $652,000 after purchasing an additional 138 shares in the last quarter. nVerses Capital LLC raised its position in CoStar Group by 8,300.0% in the 3rd quarter. nVerses Capital LLC now owns 8,400 shares of the technology company's stock valued at $634,000 after purchasing an additional 8,300 shares in the last quarter. Baskin Financial Services Inc. raised its position in CoStar Group by 1.9% in the 3rd quarter. Baskin Financial Services Inc. now owns 286,068 shares of the technology company's stock valued at $21,581,000 after purchasing an additional 5,388 shares in the last quarter. Vontobel Holding Ltd. raised its position in CoStar Group by 155.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 13,289 shares of the technology company's stock valued at $1,003,000 after purchasing an additional 8,087 shares in the last quarter. Finally, Sumitomo Life Insurance Co. raised its position in CoStar Group by 1.8% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 24,485 shares of the technology company's stock valued at $1,847,000 after purchasing an additional 427 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.
A number of equities research analysts have issued reports on CSGP shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $107.00 price target on shares of CoStar Group in a research report on Tuesday, September 17th. JMP Securities reaffirmed a "market outperform" rating and issued a $90.00 price target on shares of CoStar Group in a research report on Friday, September 6th. JPMorgan Chase & Co. increased their price objective on CoStar Group from $102.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, August 5th. The Goldman Sachs Group dropped their price objective on CoStar Group from $108.00 to $93.00 and set a "buy" rating on the stock in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods dropped their price objective on CoStar Group from $109.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $96.38.
Get Our Latest Stock Analysis on CoStar Group
NASDAQ:CSGP opened at $79.25 on Friday. The stock's 50 day moving average price is $76.29 and its 200 day moving average price is $79.66. The company has a market capitalization of $32.48 billion, a PE ratio of 149.53 and a beta of 0.81. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 52-week low of $67.35 and a 52-week high of $100.38.
CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.06. The firm had revenue of $677.80 million for the quarter, compared to the consensus estimate of $677.18 million. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. On average, research analysts anticipate that CoStar Group, Inc. will post 0.49 EPS for the current year.
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.
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