Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 13.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,324 shares of the technology company’s stock after buying an additional 1,135 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CoStar Group were worth $2,458,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CSGP. LS Investment Advisors LLC boosted its stake in shares of CoStar Group by 3.5% in the second quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock valued at $186,000 after buying an additional 24 shares in the last quarter. World Asset Management Inc boosted its stake in shares of CoStar Group by 1.7% in the second quarter. World Asset Management Inc now owns 1,472 shares of the technology company’s stock valued at $388,000 after buying an additional 24 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of CoStar Group by 9.5% in the first quarter. Penserra Capital Management LLC now owns 736 shares of the technology company’s stock valued at $152,000 after buying an additional 64 shares in the last quarter. Bell Bank boosted its stake in shares of CoStar Group by 3.8% in the first quarter. Bell Bank now owns 1,893 shares of the technology company’s stock valued at $392,000 after buying an additional 70 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of CoStar Group by 7.5% in the first quarter. Comerica Bank now owns 1,598 shares of the technology company’s stock valued at $378,000 after buying an additional 111 shares in the last quarter. 99.87% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group, Inc. (CSGP) opened at 287.02 on Friday. The stock’s 50 day moving average is $279.35 and its 200-day moving average is $245.35. CoStar Group, Inc. has a 12 month low of $179.22 and a 12 month high of $287.96. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 96.35 and a beta of 1.52.

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

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Several analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $325.00 price objective on shares of CoStar Group in a research note on Friday, July 14th. Citigroup Inc. set a $320.00 price objective on shares of CoStar Group and gave the stock a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “strong-buy” rating and set a $317.00 price objective on the stock in a research note on Tuesday, August 1st. SunTrust Banks, Inc. upped their price objective on shares of CoStar Group from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 5th. Finally, Needham & Company LLC upped their price objective on shares of CoStar Group from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $313.67.

In related news, VP Matthew Linnington sold 1,767 shares of CoStar Group stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $273.15, for a total transaction of $482,656.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael R. Klein sold 20,000 shares of CoStar Group stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $265.01, for a total transaction of $5,300,200.00. The disclosure for this sale can be found here. Insiders own 2.98% of the company’s stock.

About CoStar Group

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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