Vanguard Group Inc. boosted its stake in shares of CoStar Group Inc. (NASDAQ:CSGP) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,302,559 shares of the company’s stock after buying an additional 142,623 shares during the period. Vanguard Group Inc. owned about 7.06% of CoStar Group worth $503,477,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. CIBC Asset Management Inc bought a new position in shares of CoStar Group during the second quarter valued at about $227,000. Pacad Investment Ltd. bought a new position in shares of CoStar Group during the first quarter valued at about $263,000. BB&T Corp bought a new position in shares of CoStar Group during the second quarter valued at about $276,000. Calvert Investment Management Inc. boosted its position in shares of CoStar Group by 1.8% in the second quarter. Calvert Investment Management Inc. now owns 1,660 shares of the company’s stock valued at $363,000 after buying an additional 30 shares during the period. Finally, Parametrica Management Ltd bought a new position in shares of CoStar Group during the second quarter valued at about $403,000.
CoStar Group Inc. (NASDAQ:CSGP) traded up 0.04% during midday trading on Monday, reaching $216.62. The company’s stock had a trading volume of 6,749 shares. CoStar Group Inc. has a 52 week low of $146.53 and a 52 week high of $224.79. The firm has a market capitalization of $7.06 billion, a P/E ratio of 139.57 and a beta of 1.29. The company’s 50-day moving average is $211.19 and its 200 day moving average is $203.60.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. The company had revenue of $207 million for the quarter, compared to analyst estimates of $205.66 million. CoStar Group had a return on equity of 5.74% and a net margin of 6.33%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 earnings per share. Analysts expect that CoStar Group Inc. will post $4.11 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $231.00 price objective on shares of CoStar Group in a report on Sunday, July 31st. Zacks Investment Research cut CoStar Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 price target on shares of CoStar Group in a report on Friday. JMP Securities upped their price target on CoStar Group from $215.00 to $230.00 and gave the stock a “market outperform” rating in a report on Thursday, July 28th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of CoStar Group in a report on Tuesday, June 7th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $236.20.
In related news, Director Michael J. Glosserman sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $206.33, for a total transaction of $1,031,650.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.98% of the company’s stock.
CoStar Group Company Profile
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate industry. It manages its business through two segments: North America, which includes the United States and parts of Canada, and International, which includes parts of the United Kingdom, Spain and France.
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