Parallel Advisors LLC decreased its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 19.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,331 shares of the technology company’s stock after selling 330 shares during the quarter. Parallel Advisors LLC’s holdings in CoStar Group were worth $395,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in CSGP. Cubist Systematic Strategies LLC acquired a new stake in CoStar Group in the second quarter valued at $188,000. State of Wisconsin Investment Board grew its holdings in CoStar Group by 33.7% in the second quarter. State of Wisconsin Investment Board now owns 27,761 shares of the technology company’s stock valued at $7,318,000 after purchasing an additional 7,000 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in CoStar Group in the second quarter valued at $2,515,000. Victory Capital Management Inc. grew its holdings in CoStar Group by 21.5% in the second quarter. Victory Capital Management Inc. now owns 6,802 shares of the technology company’s stock valued at $1,793,000 after purchasing an additional 1,202 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in CoStar Group by 13.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 9,324 shares of the technology company’s stock valued at $2,458,000 after purchasing an additional 1,135 shares during the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Shares of CoStar Group, Inc. (NASDAQ CSGP) opened at $287.83 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96. The company has a market capitalization of $10,500.00, a price-to-earnings ratio of 73.27, a P/E/G ratio of 4.38 and a beta of 1.55. CoStar Group, Inc. has a 52 week low of $184.86 and a 52 week high of $314.73.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. The business had revenue of $248.00 million for the quarter, compared to analyst estimates of $243.44 million. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 earnings per share. research analysts expect that CoStar Group, Inc. will post 3.99 EPS for the current year.

Several analysts have weighed in on CSGP shares. B. Riley reissued a “buy” rating and issued a $350.00 target price (up previously from $335.00) on shares of CoStar Group in a report on Thursday, October 26th. Goldman Sachs Group started coverage on CoStar Group in a report on Wednesday, November 8th. They issued a “buy” rating and a $359.00 target price on the stock. SunTrust Banks reissued a “buy” rating and issued a $335.00 target price on shares of CoStar Group in a report on Friday, October 27th. Zacks Investment Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Stephens increased their price objective on CoStar Group from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. CoStar Group presently has a consensus rating of “Buy” and an average price target of $331.89.

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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.

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

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