Greenhouse Funds LLLP lifted its stake in CoStar Group Inc (NASDAQ:CSGP) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,630 shares of the technology company’s stock after buying an additional 12,601 shares during the period. CoStar Group makes up 7.0% of Greenhouse Funds LLLP’s portfolio, making the stock its 3rd biggest position. Greenhouse Funds LLLP owned 0.23% of CoStar Group worth $24,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC lifted its stake in shares of CoStar Group by 3.1% in the third quarter. Janus Henderson Group PLC now owns 2,698,163 shares of the technology company’s stock worth $723,782,000 after acquiring an additional 81,157 shares in the last quarter. BlackRock Inc. lifted its stake in shares of CoStar Group by 12.5% in the fourth quarter. BlackRock Inc. now owns 1,794,476 shares of the technology company’s stock worth $532,869,000 after acquiring an additional 199,267 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of CoStar Group by 11.8% in the fourth quarter. Franklin Resources Inc. now owns 793,349 shares of the technology company’s stock worth $235,579,000 after acquiring an additional 83,605 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of CoStar Group by 1,019.7% in the third quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock worth $186,210,000 after acquiring an additional 637,278 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its stake in shares of CoStar Group by 6.3% in the third quarter. TimesSquare Capital Management LLC now owns 688,359 shares of the technology company’s stock worth $184,652,000 after acquiring an additional 40,492 shares in the last quarter. 98.57% of the stock is owned by institutional investors.
Several analysts have issued reports on the company. B. Riley upped their price objective on CoStar Group to $400.00 in a research note on Tuesday, February 20th. Zacks Investment Research upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a research note on Thursday, February 8th. Needham & Company LLC upped their price objective on CoStar Group to $350.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. SunTrust Banks upped their price objective on CoStar Group to $410.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Citigroup restated a “buy” rating and set a $425.00 price objective (up previously from $320.00) on shares of CoStar Group in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $380.10.
Shares of CoStar Group Inc (NASDAQ CSGP) opened at $365.28 on Wednesday. CoStar Group Inc has a one year low of $197.55 and a one year high of $367.68. The stock has a market capitalization of $12,972.08, a P/E ratio of 91.45, a price-to-earnings-growth ratio of 3.43 and a beta of 1.61.
CoStar Group (NASDAQ:CSGP) last posted its earnings results on Wednesday, February 21st. The technology company reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.01. The company had revenue of $253.99 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 earnings per share. research analysts forecast that CoStar Group Inc will post 6.25 earnings per share for the current fiscal year.
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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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