CoStar Group, Inc. (NASDAQ:CSGP) Stock Position Decreased by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. lessened its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,067 shares of the technology company’s stock after selling 425 shares during the period. E Fund Management Co. Ltd.’s holdings in CoStar Group were worth $355,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CSGP. Principal Financial Group Inc. grew its position in shares of CoStar Group by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,808,306 shares of the technology company’s stock valued at $1,523,061,000 after buying an additional 761,383 shares during the last quarter. Wellington Management Group LLP boosted its stake in CoStar Group by 22.7% during the 3rd quarter. Wellington Management Group LLP now owns 3,580,549 shares of the technology company’s stock valued at $275,308,000 after purchasing an additional 662,592 shares during the period. FMR LLC boosted its stake in CoStar Group by 83.2% during the 3rd quarter. FMR LLC now owns 1,405,414 shares of the technology company’s stock valued at $108,062,000 after purchasing an additional 638,241 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in CoStar Group by 5.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,967,040 shares of the technology company’s stock valued at $920,146,000 after purchasing an additional 596,595 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in CoStar Group by 24.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,775,814 shares of the technology company’s stock valued at $136,542,000 after purchasing an additional 352,169 shares during the period. Institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Up 1.1 %

Shares of CSGP stock traded up $1.02 during trading hours on Thursday, reaching $91.34. 1,121,363 shares of the stock traded hands, compared to its average volume of 2,135,095. CoStar Group, Inc. has a 1-year low of $67.35 and a 1-year high of $100.38. The business has a fifty day moving average price of $90.90 and a 200 day moving average price of $85.44. The company has a quick ratio of 9.09, a current ratio of 9.09 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $37.30 billion, a PE ratio of 125.27, a PEG ratio of 10.21 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. On average, equities research analysts forecast that CoStar Group, Inc. will post 0.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CSGP. Jefferies Financial Group boosted their target price on shares of CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Needham & Company LLC upped their price target on shares of CoStar Group from $90.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price target on shares of CoStar Group in a research note on Friday, April 12th. Royal Bank of Canada boosted their target price on shares of CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Finally, Citigroup boosted their target price on shares of CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and an average price target of $102.46.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, insider Michael J. Desmarais sold 3,800 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $92.67, for a total value of $352,146.00. Following the transaction, the insider now owns 64,087 shares in the company, valued at approximately $5,938,942.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other CoStar Group news, insider Michael J. Desmarais sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $92.67, for a total value of $352,146.00. Following the completion of the sale, the insider now directly owns 64,087 shares of the company’s stock, valued at $5,938,942.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott T. Wheeler sold 122,736 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the completion of the sale, the chief financial officer now directly owns 303,417 shares of the company’s stock, valued at $28,099,448.37. The disclosure for this sale can be found here. Company insiders own 1.58% of the company’s stock.

CoStar Group Company Profile

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.