Jane Street Group LLC Buys Shares of 70,000 CoStar Group, Inc. (CSGP)
Jane Street Group LLC bought a new position in CoStar Group, Inc. (NASDAQ:CSGP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 70,000 shares of the technology company’s stock, valued at approximately $18,778,000. Jane Street Group LLC owned 0.19% of CoStar Group at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CSGP. Toronto Dominion Bank boosted its stake in 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 during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of CoStar Group during the 2nd quarter worth about $134,000. First Manhattan Co. acquired a new position in shares of CoStar Group during the 3rd quarter worth about $187,000. Cubist Systematic Strategies LLC acquired a new position in shares of CoStar Group during the 2nd quarter worth about $188,000. Finally, Capstone Asset Management Co. acquired a new position in shares of CoStar Group during the 2nd quarter worth about $211,000. 98.89% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on CSGP shares. B. Riley restated a “buy” rating and set a $350.00 price objective (up from $335.00) on shares of CoStar Group in a research note on Thursday, October 26th. Goldman Sachs Group started coverage on shares of CoStar Group in a research note on Wednesday, November 8th. They set a “buy” rating and a $359.00 price objective for the company. SunTrust Banks restated a “buy” rating and set a $335.00 price objective on shares of CoStar Group in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Stephens increased their price objective on shares of CoStar Group from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $332.75.
CoStar Group (NASDAQ:CSGP) last issued its earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.28. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. The business 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. CoStar Group’s revenue was up 16.4% on a year-over-year basis. research analysts anticipate that CoStar Group, Inc. will post 3.99 earnings per share for the current year.
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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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