Metropolitan Life Insurance Co. NY boosted its position in shares of CoStar Group (NASDAQ:CSGP) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,650 shares of the technology company’s stock after purchasing an additional 227 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in CoStar Group were worth $787,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of CSGP. BlackRock Inc. grew its holdings in CoStar Group by 12.5% during the 4th quarter. BlackRock Inc. now owns 1,794,476 shares of the technology company’s stock valued at $532,869,000 after purchasing an additional 199,267 shares during the last quarter. Renaissance Technologies LLC grew its holdings in CoStar Group by 119.4% during the 4th quarter. Renaissance Technologies LLC now owns 205,998 shares of the technology company’s stock valued at $61,171,000 after purchasing an additional 112,100 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in CoStar Group by 43.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 308,180 shares of the technology company’s stock valued at $91,514,000 after purchasing an additional 92,864 shares during the last quarter. Franklin Resources Inc. grew its holdings in CoStar Group by 11.8% during the 4th quarter. Franklin Resources Inc. now owns 793,349 shares of the technology company’s stock valued at $235,579,000 after purchasing an additional 83,605 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in CoStar Group by 3.1% during the 3rd quarter. Janus Henderson Group PLC now owns 2,698,163 shares of the technology company’s stock valued at $723,782,000 after purchasing an additional 81,157 shares during the last quarter. Institutional investors own 98.56% of the company’s stock.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. BidaskClub upgraded shares of CoStar Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 21st. Needham & Company LLC upped their price target on shares of CoStar Group to $430.00 and gave the company a “positive” rating in a report on Friday, February 23rd. SunTrust Banks upped their price target on shares of CoStar Group to $410.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, JPMorgan Chase downgraded shares of CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price target on the stock. in a report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. CoStar Group currently has a consensus rating of “Buy” and an average target price of $380.10.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, February 21st. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.01. The company had revenue of $253.99 million during the quarter, compared to analysts’ expectations of $253.74 million. CoStar Group had a net margin of 12.71% and a return on equity of 6.75%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 EPS. equities research analysts anticipate that CoStar Group will post 6.25 earnings per share for the current year.
In other CoStar Group news, VP Matthew Linnington sold 7,921 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $348.23, for a total value of $2,758,329.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Francis Carchedi sold 12,100 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $356.09, for a total transaction of $4,308,689.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,421 shares of company stock valued at $9,009,433. 3.09% of the stock is owned by corporate insiders.
CoStar Group Profile
CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.
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