Raymond James & Associates lifted its position in CoStar Group Inc (NASDAQ:CSGP) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,470 shares of the technology company’s stock after buying an additional 574 shares during the quarter. Raymond James & Associates’ holdings in CoStar Group were worth $2,857,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. grew its position in CoStar Group by 15.5% in the fourth quarter. Cornerstone Advisors Inc. now owns 238 shares of the technology company’s stock valued at $80,000 after acquiring an additional 32 shares during the last quarter. ETF Managers Group LLC grew its position in CoStar Group by 17.7% in the fourth quarter. ETF Managers Group LLC now owns 365 shares of the technology company’s stock valued at $123,000 after acquiring an additional 55 shares during the last quarter. TLP Group LLC bought a new position in CoStar Group in the third quarter valued at about $140,000. Paradigm Asset Management Co. LLC bought a new position in CoStar Group in the third quarter valued at about $147,000. Finally, Parkside Financial Bank & Trust grew its position in CoStar Group by 8.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 437 shares of the technology company’s stock valued at $147,000 after acquiring an additional 34 shares during the last quarter. 95.86% of the stock is owned by institutional investors and hedge funds.

NASDAQ:CSGP opened at $464.92 on Thursday. The stock has a market cap of $17.02 billion, a PE ratio of 62.83, a PEG ratio of 3.09 and a beta of 1.46. CoStar Group Inc has a 1-year low of $315.85 and a 1-year high of $484.92.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, February 26th. The technology company reported $2.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.53 by $0.28. The company had revenue of $315.57 million for the quarter, compared to analysts’ expectations of $310.19 million. CoStar Group had a return on equity of 9.30% and a net margin of 20.00%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 earnings per share. On average, research analysts anticipate that CoStar Group Inc will post 9.03 EPS for the current year.

A number of research firms have issued reports on CSGP. Zacks Investment Research cut CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 25th. B. Riley lifted their target price on CoStar Group from $460.00 to $512.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Bank of America reiterated a “buy” rating and issued a $460.00 target price (up previously from $429.00) on shares of CoStar Group in a research report on Wednesday, February 27th. BidaskClub upgraded CoStar Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Finally, SunTrust Banks lifted their target price on CoStar Group to $460.00 and gave the company a “positive” rating in a research report on Wednesday, February 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. CoStar Group currently has a consensus rating of “Buy” and an average target price of $457.22.

In other news, CFO Scott T. Wheeler sold 5,396 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $476.11, for a total transaction of $2,569,089.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John W. Hill sold 1,042 shares of the business’s stock in a transaction dated Wednesday, December 26th. The stock was sold at an average price of $330.88, for a total value of $344,776.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,461 shares of company stock worth $31,346,029. Company insiders own 2.47% of the company’s stock.

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CoStar Group Profile

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land.

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

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