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

Tredje AP fonden cut its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. 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 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Concurrent Investment Advisors LLC boosted its position in shares of CoStar Group by 4.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company’s stock worth $242,000 after purchasing an additional 112 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in CoStar Group by 9.2% during the first quarter. Lindbrook Capital LLC now owns 1,337 shares of the technology company’s stock worth $129,000 after buying an additional 113 shares during the last quarter. Picton Mahoney Asset Management boosted its holdings in CoStar Group by 2.9% during the second quarter. Picton Mahoney Asset Management now owns 4,745 shares of the technology company’s stock worth $352,000 after buying an additional 135 shares during the last quarter. Redmond Asset Management LLC grew its position in shares of CoStar Group by 0.9% during the 1st quarter. Redmond Asset Management LLC now owns 18,670 shares of the technology company’s stock worth $1,804,000 after buying an additional 169 shares during the period. Finally, S.E.E.D. Planning Group LLC increased its stake in shares of CoStar Group by 0.5% in the 2nd quarter. S.E.E.D. Planning Group LLC now owns 36,255 shares of the technology company’s stock valued at $2,688,000 after acquiring an additional 172 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Up 1.5 %

NASDAQ:CSGP opened at $76.85 on Thursday. The stock has a 50-day simple moving average of $76.21 and a 200 day simple moving average of $82.05. CoStar Group, Inc. has a 52-week low of $67.35 and a 52-week high of $100.38. The company has a market cap of $31.38 billion, a PE ratio of 105.27, a PEG ratio of 11.56 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.27 and a current ratio of 9.27.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results 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. The company had revenue of $677.80 million during the quarter, compared to analysts’ expectations of $677.18 million. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. On average, sell-side analysts expect that CoStar Group, Inc. will post 0.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, July 29th. JPMorgan Chase & Co. boosted their price target on shares of 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 lowered their price objective on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Needham & Company LLC reiterated a “buy” rating and set a $107.00 target price on shares of CoStar Group in a report on Tuesday. Finally, JMP Securities restated a “market outperform” rating and issued a $90.00 price target on shares of CoStar Group in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, CoStar Group currently has a consensus 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.