Caisse DE Depot ET Placement DU Quebec Sells 1,560 Shares of CoStar Group, Inc. (CSGP)

Caisse DE Depot ET Placement DU Quebec cut its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 52.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,440 shares of the technology company’s stock after selling 1,560 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in CoStar Group were worth $388,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CSGP. Toronto Dominion Bank boosted its position in shares of CoStar Group by 12.3% in the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after acquiring an additional 44 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of CoStar Group in the second quarter worth approximately $134,000. First Manhattan Co. acquired a new stake in shares of CoStar Group in the third quarter worth approximately $187,000. Cubist Systematic Strategies LLC acquired a new stake in shares of CoStar Group in the second quarter worth approximately $188,000. Finally, Capstone Asset Management Co. acquired a new stake in shares of CoStar Group in the second quarter worth approximately $211,000. Institutional investors and hedge funds own 98.89% of the company’s stock.

Several equities research analysts recently issued reports on CSGP shares. Zacks Investment Research cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. B. Riley reissued a “buy” rating and issued a $350.00 target price (up from $335.00) on shares of CoStar Group in a research report on Thursday, October 26th. Needham & Company LLC raised their target price on shares of CoStar Group from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Bank of America reissued a “buy” rating and issued a $306.00 target price on shares of CoStar Group in a research report on Thursday, October 5th. Finally, BidaskClub cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. CoStar Group currently has a consensus rating of “Buy” and a consensus target price of $331.89.

CoStar Group, Inc. (NASDAQ:CSGP) opened at $287.80 on Friday. The firm has a market cap of $10,403.76, a P/E ratio of 72.14, a price-to-earnings-growth ratio of 4.31 and a beta of 1.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96. CoStar Group, Inc. has a 12-month low of $184.86 and a 12-month high of $314.73.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results 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. The firm had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $243.44 million. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. CoStar Group’s revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.11 earnings per share. equities research analysts predict that CoStar Group, Inc. will post 3.99 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Caisse DE Depot ET Placement DU Quebec Sells 1,560 Shares of CoStar Group, Inc. (CSGP)” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright legislation. The legal version of this piece of content can be read at https://www.com-unik.info/2017/12/15/caisse-de-depot-et-placement-du-quebec-sells-1560-shares-of-costar-group-inc-csgp.html.

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.

Want to see what other hedge funds are holding CSGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group, Inc. (NASDAQ:CSGP).

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

What are top analysts saying about CoStar Group? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CoStar Group and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit