Macquarie Group Ltd. Purchases 1,752 Shares of CoStar Group, Inc. (CSGP)

Macquarie Group Ltd. raised its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 19.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,652 shares of the technology company’s stock after acquiring an additional 1,752 shares during the period. Macquarie Group Ltd.’s holdings in CoStar Group were worth $2,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in shares of CoStar Group during the 2nd quarter valued at approximately $188,000. State of Wisconsin Investment Board increased its position in shares of CoStar Group by 33.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 27,761 shares of the technology company’s stock valued at $7,318,000 after purchasing an additional 7,000 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of CoStar Group during the 2nd quarter valued at approximately $2,515,000. Victory Capital Management Inc. increased its position in shares of CoStar Group by 21.5% during the 2nd quarter. Victory Capital Management Inc. now owns 6,802 shares of the technology company’s stock valued at $1,793,000 after purchasing an additional 1,202 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of CoStar Group by 13.9% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 9,324 shares of the technology company’s stock valued at $2,458,000 after purchasing an additional 1,135 shares during the last quarter. 98.86% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on CSGP shares. Needham & Company LLC boosted their target price on CoStar Group from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. B. Riley reissued a “buy” rating and set a $350.00 target price (up previously from $335.00) on shares of CoStar Group in a research report on Thursday, October 26th. Stephens upped their price objective on CoStar Group from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. Finally, BidaskClub raised CoStar Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. CoStar Group presently has a consensus rating of “Buy” and an average target price of $332.75.

CoStar Group, Inc. (NASDAQ:CSGP) opened at $302.01 on Monday. The company has a market capitalization of $10,916.15, a price-to-earnings ratio of 75.69, a price-to-earnings-growth ratio of 4.52 and a beta of 1.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.96 and a quick ratio of 3.96. CoStar Group, Inc. has a 12-month low of $179.21 and a 12-month high of $314.73.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.28. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $243.44 million. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. CoStar Group’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 EPS. equities research analysts expect that CoStar Group, Inc. will post 3.99 earnings per share for the current fiscal year.

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About CoStar Group

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.

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

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