Walleye Capital LLC Purchases Shares of 10,028 CoStar Group, Inc. (NASDAQ:CSGP)

Walleye Capital LLC purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGPGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,028 shares of the technology company’s stock, valued at approximately $668,000.

Several other institutional investors have also recently added to or reduced their stakes in CSGP. Select Equity Group L.P. lifted its stake in CoStar Group by 204.3% in the first quarter. Select Equity Group L.P. now owns 6,362,625 shares of the technology company’s stock valued at $423,814,000 after buying an additional 4,271,849 shares during the period. Norges Bank acquired a new position in shares of CoStar Group during the fourth quarter worth approximately $298,035,000. Parnassus Investments LLC raised its position in shares of CoStar Group by 38.2% during the first quarter. Parnassus Investments LLC now owns 8,318,337 shares of the technology company’s stock worth $554,084,000 after purchasing an additional 2,300,462 shares during the period. Mackenzie Financial Corp raised its position in shares of CoStar Group by 343.8% during the first quarter. Mackenzie Financial Corp now owns 2,913,586 shares of the technology company’s stock worth $194,074,000 after purchasing an additional 2,257,140 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of CoStar Group by 12.3% during the first quarter. Principal Financial Group Inc. now owns 18,742,336 shares of the technology company’s stock worth $1,248,427,000 after purchasing an additional 2,055,607 shares during the period. 95.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, Director John W. Hill sold 1,400 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $74.49, for a total value of $104,286.00. Following the completion of the transaction, the director now owns 20,598 shares in the company, valued at approximately $1,534,345.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CoStar Group news, insider Michael J. Desmarais sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $72.51, for a total value of $145,020.00. Following the completion of the transaction, the insider now owns 39,619 shares in the company, valued at approximately $2,872,773.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John W. Hill sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $74.49, for a total value of $104,286.00. Following the completion of the transaction, the director now owns 20,598 shares of the company’s stock, valued at approximately $1,534,345.02. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

CoStar Group Stock Down 1.8 %

Shares of NASDAQ:CSGP opened at $70.78 on Wednesday. The company has a market capitalization of $28.03 billion, a PE ratio of 84.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.17, a current ratio of 11.95 and a quick ratio of 11.95. The business has a fifty day moving average price of $70.23 and a two-hundred day moving average price of $64.27. CoStar Group, Inc. has a 1 year low of $49.00 and a 1 year high of $101.05.

CoStar Group (NASDAQ:CSGPGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. CoStar Group had a return on equity of 7.31% and a net margin of 16.03%. During the same period in the prior year, the firm posted $0.22 earnings per share. Analysts forecast that CoStar Group, Inc. will post 0.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CSGP shares. Royal Bank of Canada upped their target price on CoStar Group from $75.00 to $80.00 in a research report on Wednesday, August 24th. Truist Financial upped their target price on CoStar Group to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Robert W. Baird upped their target price on CoStar Group from $75.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. BMO Capital Markets began coverage on CoStar Group in a research report on Monday, September 12th. They set a “market perform” rating and a $83.00 target price on the stock. Finally, Needham & Company LLC increased their price target on CoStar Group from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.78.

CoStar Group Profile

(Get Rating)

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar COMPS, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.

See Also

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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