Pacer Advisors Inc. increased its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,343 shares of the technology company’s stock after buying an additional 345 shares during the period. Pacer Advisors Inc.’s holdings in CoStar Group were worth $1,408,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CSGP. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of CoStar Group by 13.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 9,324 shares of the technology company’s stock valued at $2,458,000 after buying an additional 1,135 shares during the last quarter. Andra AP fonden increased its stake in shares of CoStar Group by 28.6% in the second quarter. Andra AP fonden now owns 2,700 shares of the technology company’s stock valued at $712,000 after buying an additional 600 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of CoStar Group during the second quarter valued at $134,000. Penserra Capital Management LLC increased its stake in shares of CoStar Group by 13.0% in the second quarter. Penserra Capital Management LLC now owns 832 shares of the technology company’s stock valued at $219,000 after buying an additional 96 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of CoStar Group by 951.2% in the second quarter. Prudential Financial Inc. now owns 44,445 shares of the technology company’s stock valued at $11,716,000 after buying an additional 40,217 shares during the last quarter. 99.66% of the stock is owned by institutional investors.

CoStar Group, Inc. (NASDAQ CSGP) opened at 283.55 on Friday. The company has a 50-day moving average price of $277.81 and a 200-day moving average price of $242.49. The stock has a market cap of $9.31 billion, a P/E ratio of 95.18 and a beta of 1.51. CoStar Group, Inc. has a one year low of $179.22 and a one year high of $287.85.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.23. The firm had revenue of $237.20 million for the quarter, compared to analysts’ expectations of $234.38 million. CoStar Group had a net margin of 10.85% and a return on equity of 7.19%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. On average, analysts anticipate that CoStar Group, Inc. will post $4.49 earnings per share for the current year.

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Several brokerages have recently weighed in on CSGP. Needham & Company LLC upped their target price on CoStar Group from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. BidaskClub raised CoStar Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. B. Riley reaffirmed a “buy” rating and issued a $335.00 target price on shares of CoStar Group in a research report on Wednesday, August 2nd. Zacks Investment Research raised CoStar Group from a “hold” rating to a “strong-buy” rating and set a $317.00 target price for the company in a research report on Tuesday, August 1st. Finally, Citigroup Inc. set a $320.00 target price on CoStar Group and gave the stock a “buy” rating in a research report on Friday, July 28th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. CoStar Group currently has an average rating of “Buy” and an average target price of $313.67.

In other CoStar Group news, Director Michael R. Klein sold 20,000 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $265.01, for a total value of $5,300,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Matthew Linnington sold 1,767 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $273.15, for a total transaction of $482,656.05. The disclosure for this sale can be found here. 2.98% of the stock is owned by corporate insiders.

CoStar Group Company Profile

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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