CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,501 shares of the technology company’s stock after acquiring an additional 188 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in CoStar Group were worth $2,780,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CSGP. Vanguard Group Inc. boosted its holdings in CoStar Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 65,451,499 shares of the technology company’s stock valued at $6,322,615,000 after purchasing an additional 541,700 shares in 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 buying an additional 1,773,564 shares during the last quarter. Bank of New York Mellon Corp raised its stake in 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 acquiring an additional 124,761 shares in the last quarter. Blair William & Co. IL lifted its position in CoStar Group by 0.6% in the first quarter. Blair William & Co. IL now owns 4,419,778 shares of the technology company’s stock valued at $426,951,000 after acquiring an additional 26,800 shares during the last quarter. Finally, Capital International Investors lifted its position in CoStar Group by 32.2% in the fourth quarter. Capital International Investors now owns 4,036,609 shares of the technology company’s stock valued at $352,759,000 after acquiring an additional 982,837 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Price Performance

Shares of NASDAQ CSGP opened at $79.29 on Friday. The company’s fifty day moving average is $76.29 and its two-hundred day moving average is $82.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.27 and a current ratio of 9.27. The firm has a market capitalization of $32.49 billion, a P/E ratio of 108.62, a PEG ratio of 11.55 and a beta of 0.81. CoStar Group, Inc. has a one year low of $67.35 and a one year high of $100.38.

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

Analyst Upgrades and Downgrades

CSGP has been the topic of a number of research analyst reports. Robert W. Baird cut their target price on CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $96.00 price target on shares of CoStar Group in a research report on Tuesday, September 10th. The Goldman Sachs Group decreased their price objective on CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Keefe, Bruyette & Woods cut their target price on shares of CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $107.00 price target on shares of CoStar Group in a research report on Tuesday. One research 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, CoStar Group has an average rating of “Moderate Buy” and a consensus target price 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.