Baillie Gifford & Co. grew its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,734 shares of the technology company’s stock after purchasing an additional 1,564 shares during the period. Baillie Gifford & Co. owned about 0.53% of CoStar Group worth $46,873,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of CSGP. Toronto Dominion Bank grew its position in shares of CoStar Group by 12.3% during the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after buying an additional 44 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of CoStar Group during the second quarter worth about $134,000. First Manhattan Co. acquired a new position in shares of CoStar Group during the third quarter worth about $187,000. LS Investment Advisors LLC grew its position in shares of CoStar Group by 3.5% during the second quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock worth $186,000 after buying an additional 24 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of CoStar Group during the second quarter worth about $188,000. Institutional investors own 90.93% of the company’s stock.
A number of brokerages have recently commented on CSGP. Zacks Investment Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Stephens boosted their price objective on CoStar Group from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday. SunTrust Banks, Inc. reissued a “buy” rating and set a $335.00 price objective on shares of CoStar Group in a research report on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and set a $325.00 price objective on shares of CoStar Group in a research report on Friday, October 27th. Finally, B. Riley reissued a “buy” rating and set a $350.00 price objective (up from $335.00) on shares of CoStar Group in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CoStar Group presently has a consensus rating of “Buy” and an average target price of $329.00.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $243.44 million. During the same quarter last year, the firm earned $1.11 EPS. CoStar Group’s quarterly revenue was up 16.4% on a year-over-year basis.
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CoStar Group Profile
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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