Bokf Na Has $1.18 Million Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Bokf Na grew its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 12.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,868 shares of the technology company’s stock after acquiring an additional 1,698 shares during the quarter. Bokf Na’s holdings in CoStar Group were worth $1,176,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Crewe Advisors LLC acquired a new stake in CoStar Group during the 1st quarter valued at approximately $31,000. Riverview Trust Co bought a new position in shares of CoStar Group during the 1st quarter worth approximately $35,000. RiverPark Advisors LLC bought a new position in shares of CoStar Group during the 1st quarter worth approximately $37,000. TFO Wealth Partners LLC boosted its holdings in shares of CoStar Group by 5,571.4% during the 4th quarter. TFO Wealth Partners LLC now owns 397 shares of the technology company’s stock worth $350,000 after buying an additional 390 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new position in shares of CoStar Group during the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $78.87 on Monday. CoStar Group, Inc. has a 1-year low of $67.35 and a 1-year high of $100.38. The stock has a market cap of $32.21 billion, a PE ratio of 108.04, a price-to-earnings-growth ratio of 11.56 and a beta of 0.81. The stock’s fifty day simple moving average is $75.92 and its two-hundred day simple moving average is $82.24. The company has a current ratio of 9.27, a quick ratio of 9.27 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The company had revenue of $677.80 million during the quarter, compared to analyst estimates of $677.18 million. During the same quarter last year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, analysts forecast that CoStar Group, Inc. will post 0.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CSGP shares. Needham & Company LLC restated a “buy” rating and set a $107.00 price target on shares of CoStar Group in a report on Wednesday, July 24th. StockNews.com cut CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, July 29th. Bank of America cut their target price on CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. JMP Securities reiterated a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a report on Friday, September 6th. Finally, The Goldman Sachs Group cut 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and an average price target of $96.38.

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.