Tredje AP fonden Sells 1,003 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Tredje AP fonden decreased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,121 shares of the technology company’s stock after selling 1,003 shares during the quarter. Tredje AP fonden’s holdings in CoStar Group were worth $4,754,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in CoStar Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 65,451,499 shares of the technology company’s stock worth $6,322,615,000 after buying an additional 541,700 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of CoStar Group by 17.7% in the 1st quarter. Janus Henderson Group PLC now owns 11,808,027 shares of the technology company’s stock valued at $1,140,650,000 after acquiring an additional 1,773,564 shares during the period. Bank of New York Mellon Corp increased its stake in shares of CoStar Group by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,117,260 shares of the technology company’s stock worth $453,534,000 after purchasing an additional 124,761 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of CoStar Group by 0.6% in the 1st quarter. Blair William & Co. IL now owns 4,419,778 shares of the technology company’s stock valued at $426,951,000 after purchasing an additional 26,800 shares during the period. Finally, Capital International Investors lifted its stake in CoStar Group by 32.2% in the 4th quarter. Capital International Investors now owns 4,036,609 shares of the technology company’s stock valued at $352,759,000 after purchasing an additional 982,837 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

CSGP has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price target on CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. The Goldman Sachs Group decreased their target price on CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Bank of America cut their price target on CoStar Group from $111.00 to $89.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $107.00 price objective on shares of CoStar Group in a report on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $96.00 price objective on shares of CoStar Group in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, CoStar Group has an average rating of “Moderate Buy” and an average price target of $96.38.

CoStar Group Stock Performance

NASDAQ CSGP opened at $76.85 on Thursday. The firm has a 50-day moving average price of $76.21 and a two-hundred day moving average price of $82.05. CoStar Group, Inc. has a 12-month low of $67.35 and a 12-month high of $100.38. The company has a market capitalization of $31.38 billion, a P/E ratio of 105.27, a P/E/G ratio of 11.56 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 (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $677.80 million during the quarter, compared to the consensus estimate of $677.18 million. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share. Analysts anticipate that CoStar Group, Inc. will post 0.49 earnings per share for the current year.

CoStar Group 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.