Franklin Resources Inc. grew its stake in CoStar Group Inc (NASDAQ:CSGP) by 11.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 793,349 shares of the technology company’s stock after buying an additional 83,605 shares during the quarter. Franklin Resources Inc. owned 2.19% of CoStar Group worth $235,579,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Lenox Wealth Advisors Inc. purchased a new position in shares of CoStar Group in the 4th quarter valued at about $102,000. Cerebellum GP LLC purchased a new position in shares of CoStar Group in the 4th quarter valued at about $129,000. Corient Capital Partners LLC purchased a new position in shares of CoStar Group in the 4th quarter valued at about $204,000. Hengehold Capital Management LLC purchased a new position in shares of CoStar Group in the 4th quarter valued at about $206,000. Finally, IFM Investors Pty Ltd purchased a new position in shares of CoStar Group in the 4th quarter valued at about $219,000. Institutional investors and hedge funds own 98.57% of the company’s stock.
Several brokerages have recently issued reports on CSGP. BidaskClub cut CoStar Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Zacks Investment Research upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $396.00 price objective for the company in a research note on Tuesday, February 27th. SunTrust Banks boosted their target price on CoStar Group to $410.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Wells Fargo & Co set a $400.00 target price on CoStar Group and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, JPMorgan Chase & Co. cut CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 target price for the company. in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. CoStar Group presently has an average rating of “Buy” and a consensus price target of $380.10.
Shares of CoStar Group Inc (CSGP) opened at $361.22 on Monday. The firm has a market capitalization of $13,038.13, a P/E ratio of 99.78, a P/E/G ratio of 3.45 and a beta of 1.61. CoStar Group Inc has a 52 week low of $197.55 and a 52 week high of $361.67.
CoStar Group (NASDAQ:CSGP) last posted its earnings results on Wednesday, February 21st. The technology company reported $1.25 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 earnings per share. analysts forecast that CoStar Group Inc will post 6.25 earnings per share for the current fiscal year.
CoStar Group 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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