CoStar Group, Inc. (CSGP) Shares Sold by Artisan Partners Limited Partnership
Artisan Partners Limited Partnership decreased its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 31.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,435 shares of the technology company’s stock after selling 52,121 shares during the period. Artisan Partners Limited Partnership owned about 0.32% of CoStar Group worth $30,965,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank increased its holdings in shares of CoStar Group by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after purchasing an additional 44 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of CoStar Group in the 2nd quarter worth $134,000. First Manhattan Co. purchased a new position in shares of CoStar Group in the 3rd quarter worth $187,000. LS Investment Advisors LLC boosted its stake 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 buying an additional 24 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of CoStar Group in the 2nd quarter worth $188,000. 98.89% of the stock is owned by institutional investors and hedge funds.
CSGP has been the topic of a number of research reports. Needham & Company LLC raised their price target on CoStar Group from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research downgraded CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. B. Riley restated a “buy” rating and issued a $350.00 price target (up from $335.00) on shares of CoStar Group in a research note on Thursday, October 26th. Stephens raised their price target on CoStar Group from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Finally, BidaskClub upgraded CoStar Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $332.75.
CoStar Group (NASDAQ:CSGP) last released its earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.28. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $243.44 million. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. CoStar Group’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 earnings per share. research analysts predict that CoStar Group, Inc. will post 3.99 earnings per share for the current year.
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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