Ownership Capital B.V. Sells 378,598 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Ownership Capital B.V. reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,577,106 shares of the technology company's stock after selling 378,598 shares during the quarter. CoStar Group accounts for 5.0% of Ownership Capital B.V.'s investment portfolio, making the stock its 10th biggest holding. Ownership Capital B.V. owned about 0.63% of CoStar Group worth $225,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CSGP. Motley Fool Asset Management LLC boosted its stake in shares of CoStar Group by 6.9% in the fourth quarter. Motley Fool Asset Management LLC now owns 11,223 shares of the technology company's stock valued at $981,000 after buying an additional 722 shares in the last quarter. Sandhill Capital Partners LLC boosted its stake in shares of CoStar Group by 1.6% in the fourth quarter. Sandhill Capital Partners LLC now owns 339,446 shares of the technology company's stock valued at $29,664,000 after buying an additional 5,465 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in CoStar Group by 5.9% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,690 shares of the technology company's stock worth $847,000 after purchasing an additional 539 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in CoStar Group by 10.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 11,650 shares of the technology company's stock worth $1,018,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its position in CoStar Group by 11.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,589 shares of the technology company's stock worth $312,000 after purchasing an additional 376 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Trading Up 2.6 %

CoStar Group stock traded up $2.31 during trading on Friday, hitting $92.65. The company's stock had a trading volume of 2,234,096 shares, compared to its average volume of 2,004,094. The stock has a market capitalization of $37.83 billion, a price-to-earnings ratio of 126.92, a P/E/G ratio of 10.59 and a beta of 0.84. The stock's fifty day moving average is $89.77 and its 200 day moving average is $84.78. CoStar Group, Inc. has a 1-year low of $67.35 and a 1-year high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 9.09.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $640.00 million during the quarter, compared to analyst estimates of $634.27 million. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. The business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. As a group, equities research analysts predict that CoStar Group, Inc. will post 0.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. The Goldman Sachs Group boosted their target price on CoStar Group from $96.00 to $107.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. BTIG Research assumed coverage on CoStar Group in a research report on Friday, January 19th. They set a "neutral" rating on the stock. William Blair reiterated an "outperform" rating on shares of CoStar Group in a research report on Wednesday. Robert W. Baird boosted their target price on CoStar Group from $90.00 to $105.00 and gave the stock an "outperform" rating in a research report on Monday, March 18th. Finally, Jefferies Financial Group boosted their target price on CoStar Group from $85.00 to $95.00 and gave the stock a "hold" rating in a research report on Friday, April 12th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $102.46.

CoStar Group Company Profile

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.