Thrivent Financial for Lutherans Decreases Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Thrivent Financial for Lutherans decreased its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 206,603 shares of the technology company’s stock after selling 23,622 shares during the quarter. Thrivent Financial for Lutherans owned 0.05% of CoStar Group worth $15,317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Concurrent Investment Advisors LLC increased its position in shares of CoStar Group by 4.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company’s stock valued at $242,000 after purchasing an additional 112 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of CoStar Group by 9.2% during the 1st quarter. Lindbrook Capital LLC now owns 1,337 shares of the technology company’s stock valued at $129,000 after purchasing an additional 113 shares during the last quarter. Picton Mahoney Asset Management increased its position in shares of CoStar Group by 2.9% during the 2nd quarter. Picton Mahoney Asset Management now owns 4,745 shares of the technology company’s stock valued at $352,000 after purchasing an additional 135 shares during the last quarter. Redmond Asset Management LLC increased 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 valued at $1,804,000 after purchasing an additional 169 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC increased its position in shares of CoStar Group by 0.5% during 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 purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Down 1.3 %

Shares of CSGP opened at $76.34 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27. CoStar Group, Inc. has a 1 year low of $67.35 and a 1 year high of $100.38. The company has a 50 day simple moving average of $76.34 and a two-hundred day simple moving average of $81.75. The firm has a market cap of $31.17 billion, a P/E ratio of 104.58, a price-to-earnings-growth ratio of 11.55 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating 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 business had revenue of $677.80 million during the quarter, compared to analyst estimates of $677.18 million. During the same period last year, the firm posted $0.27 EPS. The company’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts expect that CoStar Group, Inc. will post 0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CSGP. JMP Securities reaffirmed a “market outperform” rating and set a $90.00 price target on shares of CoStar Group in a research report on Friday, September 6th. JPMorgan Chase & Co. raised their target price on shares of CoStar Group from $102.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Robert W. Baird decreased their target price on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. The Goldman Sachs Group decreased their target price on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $96.00 target price on shares of CoStar Group in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, 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.