Elk Creek Partners LLC reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 9.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,374 shares of the technology company’s stock after selling 2,008 shares during the quarter. Elk Creek Partners LLC owned 0.06% of CoStar Group worth $5,371,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. LS Investment Advisors LLC lifted its holdings in shares of CoStar Group by 3.5% in the 2nd quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock worth $186,000 after acquiring an additional 24 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of CoStar Group by 1.7% in the 2nd quarter. World Asset Management Inc now owns 1,472 shares of the technology company’s stock worth $388,000 after acquiring an additional 24 shares during the last quarter. CLS Investments LLC lifted its holdings in shares of CoStar Group by 1.9% in the 2nd quarter. CLS Investments LLC now owns 4,174 shares of the technology company’s stock worth $1,100,000 after acquiring an additional 76 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CoStar Group by 1.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,271 shares of the technology company’s stock worth $1,389,000 after acquiring an additional 83 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of 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. Hedge funds and other institutional investors own 99.84% of the company’s stock.

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In other CoStar Group 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 legal filing with the SEC, which can be accessed 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.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $293.00 target price on the stock in a research note on Thursday, June 1st. Stephens reaffirmed an “overweight” rating and set a $275.00 target price (up from $260.00) on shares of CoStar Group in a research note on Monday, June 19th. SunTrust Banks, Inc. upped their target price 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. B. Riley reaffirmed a “buy” rating and set a $325.00 target price on shares of CoStar Group in a research note on Friday, July 14th. Finally, BidaskClub downgraded shares of CoStar Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $313.67.

Shares of CoStar Group, Inc. (CSGP) opened at 277.80 on Monday. CoStar Group, Inc. has a 52 week low of $179.21 and a 52 week high of $287.96. The stock has a market capitalization of $9.12 billion, a P/E ratio of 93.25 and a beta of 1.52. The company’s 50-day moving average is $280.25 and its 200 day moving average is $250.05.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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%. CoStar Group’s revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. On average, equities analysts forecast that CoStar Group, Inc. will post $4.48 EPS for the current fiscal year.

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.

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

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