TD Asset Management Inc Sells 13,339 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

TD Asset Management Inc decreased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 682,703 shares of the technology company’s stock after selling 13,339 shares during the quarter. TD Asset Management Inc owned about 0.17% of CoStar Group worth $60,761,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of CoStar Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 34,757,886 shares of the technology company’s stock valued at $2,315,223,000 after acquiring an additional 204,955 shares in the last quarter. BlackRock Inc. increased its stake in shares of CoStar Group by 0.9% in the 1st quarter. BlackRock Inc. now owns 31,917,467 shares of the technology company’s stock valued at $2,197,518,000 after acquiring an additional 286,782 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of CoStar Group by 5.4% in the 1st quarter. Geode Capital Management LLC now owns 9,814,024 shares of the technology company’s stock valued at $674,381,000 after acquiring an additional 500,775 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of CoStar Group by 9.7% in the 1st quarter. Macquarie Group Ltd. now owns 8,698,812 shares of the technology company’s stock valued at $598,913,000 after acquiring an additional 770,204 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of CoStar Group by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,310,004 shares of the technology company’s stock valued at $472,590,000 after acquiring an additional 97,153 shares in the last quarter. Institutional investors own 96.53% of the company’s stock.

Analyst Ratings Changes

CSGP has been the subject of a number of recent research reports. JMP Securities decreased their price target on shares of CoStar Group from $100.00 to $90.00 and set a “market outperform” rating for the company in a research note on Wednesday, October 25th. Truist Financial decreased their price target on shares of CoStar Group from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. StockNews.com initiated coverage on shares of CoStar Group in a research note on Thursday, October 5th. They set a “hold” rating for the company. Bank of America decreased their price target on shares of CoStar Group from $104.00 to $101.00 in a research note on Wednesday, July 26th. Finally, JPMorgan Chase & Co. decreased their price target on shares of CoStar Group from $114.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.09.

CoStar Group Stock Up 5.4 %

Shares of CSGP opened at $82.74 on Wednesday. The firm has a market cap of $33.79 billion, a P/E ratio of 83.58, a P/E/G ratio of 3.73 and a beta of 0.87. The stock has a 50 day simple moving average of $77.92 and a two-hundred day simple moving average of $80.76. The company has a debt-to-equity ratio of 0.14, a current ratio of 13.31 and a quick ratio of 13.31. CoStar Group, Inc. has a 1 year low of $65.12 and a 1 year high of $92.36.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $624.67 million for the quarter, compared to analysts’ expectations of $625.65 million. CoStar Group had a net margin of 16.86% and a return on equity of 6.49%. On average, analysts forecast that CoStar Group, Inc. will post 1.05 earnings per share for the current fiscal year.

About CoStar Group

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. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, 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.