Vanguard Personalized Indexing Management LLC Sells 2,102 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Vanguard Personalized Indexing Management LLC cut its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,447 shares of the technology company’s stock after selling 2,102 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in CoStar Group were worth $2,109,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CSGP. Gilbert & Cook Inc. grew its holdings in shares of CoStar Group by 14.3% in the fourth quarter. Gilbert & Cook Inc. now owns 14,571 shares of the technology company’s stock valued at $1,273,000 after acquiring an additional 1,824 shares in the last quarter. Accretive Wealth Partners LLC grew its holdings in shares of CoStar Group by 2.1% in the fourth quarter. Accretive Wealth Partners LLC now owns 9,398 shares of the technology company’s stock valued at $821,000 after acquiring an additional 192 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of CoStar Group by 260.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,800 shares of the technology company’s stock valued at $594,000 after acquiring an additional 4,914 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of CoStar Group by 14.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 94,310 shares of the technology company’s stock valued at $8,242,000 after acquiring an additional 11,858 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in shares of CoStar Group in the fourth quarter valued at approximately $345,000. 96.60% of the stock is owned by institutional investors.

CoStar Group Price Performance

CoStar Group stock opened at $77.37 on Friday. CoStar Group, Inc. has a one year low of $67.35 and a one year high of $100.38. The business has a fifty day moving average price of $76.32 and a 200-day moving average price of $81.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27. The firm has a market capitalization of $31.59 billion, a P/E ratio of 105.99, a PEG ratio of 11.55 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $677.18 million. During the same quarter last year, the business posted $0.27 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. As a group, equities research analysts forecast that CoStar Group, Inc. will post 0.49 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, July 29th. Royal Bank of Canada reissued an “outperform” rating and set a $96.00 price objective on shares of CoStar Group in a report on Tuesday, September 10th. The Goldman Sachs Group reduced 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. Needham & Company LLC reissued a “buy” rating and set a $107.00 price objective on shares of CoStar Group in a report on Tuesday. Finally, JMP Securities reissued a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.