State of Wisconsin Investment Board Buys 12,902 Shares of CoStar Group, Inc. (CSGP)
State of Wisconsin Investment Board boosted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 46.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,663 shares of the technology company’s stock after purchasing an additional 12,902 shares during the period. State of Wisconsin Investment Board owned about 0.12% of CoStar Group worth $10,908,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CSGP. Teachers Advisors LLC increased its holdings in CoStar Group by 5.0% in the first quarter. Teachers Advisors LLC now owns 31,023 shares of the technology company’s stock valued at $6,429,000 after purchasing an additional 1,476 shares during the period. Dimensional Fund Advisors LP increased its holdings in CoStar Group by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 75,015 shares of the technology company’s stock valued at $15,544,000 after purchasing an additional 5,189 shares during the period. Xact Kapitalforvaltning AB increased its holdings in CoStar Group by 10.1% in the second quarter. Xact Kapitalforvaltning AB now owns 2,515 shares of the technology company’s stock valued at $663,000 after purchasing an additional 230 shares during the period. Capstone Asset Management Co. acquired a new stake in CoStar Group in the second quarter valued at $211,000. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in CoStar Group by 527.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 5,292 shares of the technology company’s stock valued at $1,395,000 after purchasing an additional 4,448 shares during the period. Institutional investors and hedge funds own 89.75% of the company’s stock.
Shares of CoStar Group, Inc. (NASDAQ:CSGP) opened at $297.31 on Thursday. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.15. CoStar Group, Inc. has a 1-year low of $179.21 and a 1-year high of $302.12. The firm has a market capitalization of $10,809.31, a PE ratio of 74.95, a price-to-earnings-growth ratio of 4.49 and a beta of 1.56.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.28. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $243.44 million. During the same period last year, the business posted $1.11 EPS. The business’s revenue was up 16.4% compared to the same quarter last year. sell-side analysts predict that CoStar Group, Inc. will post 3.98 earnings per share for the current year.
A number of research firms recently weighed in on CSGP. B. Riley restated a “buy” rating and issued a $335.00 price objective on shares of CoStar Group in a report on Monday, October 2nd. Zacks Investment Research upgraded CoStar Group from a “hold” rating to a “strong-buy” rating and set a $317.00 price objective for the company in a report on Tuesday, August 1st. Citigroup Inc. set a $320.00 price objective on CoStar Group and gave the company a “buy” rating in a report on Friday, July 28th. Needham & Company LLC increased their price objective on CoStar Group from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Goldman Sachs Group, Inc. (The) began coverage on CoStar Group in a report on Wednesday, November 8th. They issued a “buy” rating and a $359.00 price objective for the company. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has 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 $332.75.
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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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