Robeco Institutional Asset Management B.V. Invests $134,000 in CoStar Group, Inc. (CSGP) Stock
Robeco Institutional Asset Management B.V. purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 506 shares of the technology company’s stock, valued at approximately $134,000.
A number of other institutional investors have also recently made changes to their positions in the business. Penserra Capital Management LLC grew its holdings in CoStar Group by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 832 shares of the technology company’s stock worth $219,000 after acquiring an additional 96 shares during the last quarter. Prudential Financial Inc. grew its holdings in CoStar Group by 951.2% in the 2nd quarter. Prudential Financial Inc. now owns 44,445 shares of the technology company’s stock worth $11,716,000 after acquiring an additional 40,217 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI bought a new stake in CoStar Group in the 2nd quarter worth $330,000. Victory Capital Management Inc. grew its holdings in CoStar Group by 21.5% in the 2nd quarter. Victory Capital Management Inc. now owns 6,802 shares of the technology company’s stock worth $1,793,000 after acquiring an additional 1,202 shares during the last quarter. Finally, Edgemoor Investment Advisors Inc. bought a new stake in CoStar Group in the 2nd quarter worth $2,257,000. 99.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of CoStar Group, Inc. (NASDAQ CSGP) opened at 281.56 on Tuesday. The stock’s 50 day moving average is $280.41 and its 200-day moving average is $248.33. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 94.51 and a beta of 1.52. CoStar Group, Inc. has a 52 week low of $179.21 and a 52 week high of $287.96.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.86 EPS for the quarter, topping the Zacks’ 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 for the quarter was up 14.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. On average, equities analysts anticipate that CoStar Group, Inc. will post $4.49 earnings per share for the current year.
In other news, Director Michael R. Klein sold 20,000 shares of the company’s 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 can be accessed through this hyperlink. Also, VP Matthew Linnington sold 1,767 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was 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. Corporate insiders own 2.98% of the company’s stock.
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A number of equities research analysts have issued reports on CSGP shares. BidaskClub lowered shares of CoStar Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Needham & Company LLC raised their price target on shares of CoStar Group from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, July 28th. B. Riley reaffirmed a “buy” rating and set a $335.00 target price on shares of CoStar Group in a research note on Friday, July 28th. Finally, Stephens reaffirmed an “overweight” rating and set a $275.00 target price (up previously from $260.00) on shares of CoStar Group in a research note on Monday, June 19th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. CoStar Group has a consensus rating of “Buy” and an average price target of $313.67.
CoStar Group 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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