First Trust Advisors LP reduced its holdings in shares of CoStar Group Inc (NASDAQ:CSGP) by 52.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,443 shares of the technology company’s stock after selling 46,675 shares during the quarter. First Trust Advisors LP’s holdings in CoStar Group were worth $12,603,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Lenox Wealth Advisors Inc. acquired a new position in shares of CoStar Group during the 4th quarter worth about $102,000. Cerebellum GP LLC acquired a new position in shares of CoStar Group during the 4th quarter worth about $129,000. Hengehold Capital Management LLC acquired a new position in shares of CoStar Group during the 4th quarter worth about $206,000. First Manhattan Co. acquired a new position in shares of CoStar Group during the 3rd quarter worth about $187,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of CoStar Group during the 2nd quarter worth about $188,000. 97.20% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on CSGP shares. Needham & Company LLC upped their price objective on CoStar Group to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Zacks Investment Research raised CoStar Group from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a research report on Thursday, February 8th. BidaskClub raised CoStar Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 5th. Citigroup reaffirmed a “buy” rating and set a $425.00 price objective (up from $320.00) on shares of CoStar Group in a research report on Tuesday, January 23rd. Finally, B. Riley upped their price objective on CoStar Group to $400.00 in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $380.10.
CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, February 21st. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.01. The firm had revenue of $253.99 million during the quarter, compared to analysts’ expectations of $253.74 million. CoStar Group had a return on equity of 6.75% and a net margin of 12.71%. The business’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 EPS. research analysts anticipate that CoStar Group Inc will post 6.27 EPS for the current year.
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.
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