Harvest Fund Management Co. Ltd Has $312,000 Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Harvest Fund Management Co. Ltd raised its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,589 shares of the technology company’s stock after purchasing an additional 376 shares during the period. Harvest Fund Management Co. Ltd’s holdings in CoStar Group were worth $312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KB Financial Partners LLC boosted its position in shares of CoStar Group by 17.9% in the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock valued at $63,000 after acquiring an additional 124 shares during the period. Wealth Alliance lifted its position in CoStar Group by 3.0% in the fourth quarter. Wealth Alliance now owns 4,539 shares of the technology company’s stock worth $397,000 after purchasing an additional 132 shares during the period. Keybank National Association OH lifted its position in CoStar Group by 0.6% in the third quarter. Keybank National Association OH now owns 21,159 shares of the technology company’s stock worth $1,627,000 after purchasing an additional 133 shares during the period. HBK Sorce Advisory LLC lifted its position in CoStar Group by 2.8% in the third quarter. HBK Sorce Advisory LLC now owns 4,978 shares of the technology company’s stock worth $383,000 after purchasing an additional 135 shares during the period. Finally, Certuity LLC lifted its position in CoStar Group by 4.8% in the third quarter. Certuity LLC now owns 3,257 shares of the technology company’s stock worth $250,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Price Performance

Shares of NASDAQ:CSGP traded up $7.33 during midday trading on Wednesday, reaching $91.95. The company’s stock had a trading volume of 4,732,765 shares, compared to its average volume of 2,194,093. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The company has a market capitalization of $37.55 billion, a P/E ratio of 99.95, a P/E/G ratio of 9.81 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.01 and a quick ratio of 12.01. The business’s fifty day simple moving average is $89.21 and its 200-day simple moving average is $84.59.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The company had revenue of $640.00 million during the quarter, compared to analyst estimates of $634.27 million. During the same period last year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts expect that CoStar Group, Inc. will post 0.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Needham & Company LLC raised their target price on CoStar Group from $90.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America raised their target price on CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Jefferies Financial Group raised their target price on CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods lifted their price objective on CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Finally, BMO Capital Markets lifted their price objective on CoStar Group from $79.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, April 19th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $102.15.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.