CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its holdings in CoStar Group, Inc. (NASDAQ:CSGPGet Rating) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,852 shares of the technology company’s stock after acquiring an additional 225 shares during the period. Kestra Advisory Services LLC’s holdings in CoStar Group were worth $1,313,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CSGP. Mackenzie Financial Corp grew its stake in shares of CoStar Group by 343.8% during the 1st quarter. Mackenzie Financial Corp now owns 2,913,586 shares of the technology company’s stock valued at $194,074,000 after buying an additional 2,257,140 shares during the period. Capital International Investors purchased a new stake in shares of CoStar Group during the 1st quarter valued at $101,893,000. Principal Financial Group Inc. grew its stake in shares of CoStar Group by 7.6% during the 2nd quarter. Principal Financial Group Inc. now owns 20,166,548 shares of the technology company’s stock valued at $1,218,260,000 after buying an additional 1,424,212 shares during the period. Wellington Management Group LLP grew its stake in shares of CoStar Group by 51.3% during the 1st quarter. Wellington Management Group LLP now owns 3,477,341 shares of the technology company’s stock valued at $231,626,000 after buying an additional 1,178,764 shares during the period. Finally, Findlay Park Partners LLP grew its stake in shares of CoStar Group by 18.5% during the 2nd quarter. Findlay Park Partners LLP now owns 6,874,609 shares of the technology company’s stock valued at $415,295,000 after buying an additional 1,071,678 shares during the period. 97.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John W. Hill sold 3,650 shares of the stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $78.92, for a total transaction of $288,058.00. Following the sale, the director now owns 20,734 shares in the company, valued at $1,636,327.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CoStar Group news, Director John W. Hill sold 3,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $78.92, for a total value of $288,058.00. Following the sale, the director now owns 20,734 shares in the company, valued at $1,636,327.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Desmarais sold 1,296 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $82.81, for a total transaction of $107,321.76. Following the completion of the sale, the insider now owns 36,900 shares in the company, valued at approximately $3,055,689. The disclosure for this sale can be found here. 1.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CSGP shares. StockNews.com started coverage on shares of CoStar Group in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Truist Financial upped their price target on shares of CoStar Group from $75.00 to $95.00 in a research report on Wednesday, October 26th. Robert W. Baird upped their price target on shares of CoStar Group to $90.00 in a research report on Thursday, October 27th. Royal Bank of Canada upped their price objective on shares of CoStar Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, October 5th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $76.00 price objective (up from $67.00) on shares of CoStar Group in a research report on Tuesday, October 25th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.75.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $78.75 on Tuesday. The firm has a market cap of $32.03 billion, a PE ratio of 91.57, a price-to-earnings-growth ratio of 3.21 and a beta of 0.90. CoStar Group, Inc. has a 1 year low of $49.00 and a 1 year high of $85.37. The firm’s 50-day simple moving average is $79.27 and its 200-day simple moving average is $74.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 15.36 and a current ratio of 15.36.

CoStar Group (NASDAQ:CSGPGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The technology company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The firm had revenue of $556.92 million for the quarter, compared to analyst estimates of $554.97 million. CoStar Group had a net margin of 15.97% and a return on equity of 7.26%. Equities analysts forecast that CoStar Group, Inc. will post 1.1 earnings per share for the current fiscal year.

About CoStar Group

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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.

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

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