Loomis Sayles & Co. L P lifted its stake in CoStar Group Inc (NASDAQ:CSGP) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,517 shares of the technology company’s stock after purchasing an additional 425 shares during the quarter. Loomis Sayles & Co. L P owned about 0.09% of CoStar Group worth $14,105,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in CoStar Group by 1.4% during the 3rd quarter. BlackRock Inc. now owns 2,860,628 shares of the technology company’s stock valued at $1,203,866,000 after acquiring an additional 39,951 shares during the period. JPMorgan Chase & Co. boosted its holdings in CoStar Group by 73.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 478,297 shares of the technology company’s stock valued at $201,288,000 after acquiring an additional 202,743 shares during the period. Bank of New York Mellon Corp boosted its holdings in CoStar Group by 49.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 442,556 shares of the technology company’s stock valued at $182,611,000 after acquiring an additional 147,283 shares during the period. Bank of America Corp DE boosted its holdings in CoStar Group by 19.9% during the 2nd quarter. Bank of America Corp DE now owns 311,338 shares of the technology company’s stock valued at $128,467,000 after acquiring an additional 51,760 shares during the period. Finally, Putnam Investments LLC boosted its holdings in CoStar Group by 82.5% during the 2nd quarter. Putnam Investments LLC now owns 305,109 shares of the technology company’s stock valued at $125,897,000 after acquiring an additional 137,897 shares during the period. Hedge funds and other institutional investors own 95.89% of the company’s stock.
CSGP opened at $366.85 on Friday. The firm has a market capitalization of $13.67 billion, a PE ratio of 63.74, a P/E/G ratio of 3.14 and a beta of 1.51. CoStar Group Inc has a 12 month low of $283.11 and a 12 month high of $448.35.
CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, October 23rd. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.08. CoStar Group had a return on equity of 7.63% and a net margin of 17.61%. The company had revenue of $305.53 million for the quarter, compared to analyst estimates of $305.99 million. During the same period in the prior year, the company posted $1.41 EPS. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. On average, research analysts anticipate that CoStar Group Inc will post 7.13 earnings per share for the current year.
A number of equities analysts recently issued reports on CSGP shares. BidaskClub cut CoStar Group from a “buy” rating to a “hold” rating in a report on Saturday, September 8th. Zacks Investment Research upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $471.00 price objective for the company in a report on Monday, October 1st. Needham & Company LLC boosted their price objective on CoStar Group from $475.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, September 12th. Finally, ValuEngine cut CoStar Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. CoStar Group has a consensus rating of “Buy” and an average target price of $451.44.
In other CoStar Group news, Director Christopher J. Nassetta sold 571 shares of the business’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $349.67, for a total transaction of $199,661.57. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.47% of the stock is currently owned by insiders.
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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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