LGT Group Foundation Increases Position in CoStar Group, Inc. (NASDAQ:CSGP)

LGT Group Foundation raised its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 45.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,237 shares of the technology company's stock after acquiring an additional 18,442 shares during the period. LGT Group Foundation's holdings in CoStar Group were worth $5,213,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CSGP. Commonwealth Equity Services LLC increased its position in shares of CoStar Group by 2.2% during the third quarter. Commonwealth Equity Services LLC now owns 25,340 shares of the technology company's stock valued at $1,948,000 after acquiring an additional 552 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of CoStar Group by 31.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 96,670 shares of the technology company's stock valued at $7,433,000 after purchasing an additional 23,374 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of CoStar Group by 4.1% in the third quarter. Bank of New York Mellon Corp now owns 5,528,098 shares of the technology company's stock valued at $425,056,000 after purchasing an additional 218,094 shares during the period. Vantage Investment Partners LLC lifted its stake in CoStar Group by 138.8% in the third quarter. Vantage Investment Partners LLC now owns 187,196 shares of the technology company's stock worth $14,394,000 after acquiring an additional 108,814 shares during the last quarter. Finally, Telemus Capital LLC lifted its stake in CoStar Group by 8.5% in the third quarter. Telemus Capital LLC now owns 8,463 shares of the technology company's stock worth $651,000 after acquiring an additional 662 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSGP has been the subject of a number of recent research reports. William Blair reiterated an "outperform" rating on shares of CoStar Group in a research note on Wednesday, April 24th. Citigroup lifted their price target on shares of CoStar Group from $90.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Robert W. Baird lifted their price target on shares of CoStar Group from $90.00 to $105.00 and gave the stock an "outperform" rating in a research note on Monday, March 18th. The Goldman Sachs Group lifted their price target on shares of CoStar Group from $96.00 to $107.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CoStar Group from $96.00 to $109.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $102.46.

CoStar Group Stock Performance

Shares of CoStar Group stock traded up $1.47 during trading on Friday, reaching $91.23. The company's stock had a trading volume of 1,244,623 shares, compared to its average volume of 2,180,625. The company has a 50-day moving average price of $90.47 and a two-hundred day moving average price of $85.03. The firm has a market cap of $37.25 billion, a PE ratio of 124.97, a P/E/G ratio of 10.11 and a beta of 0.84. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $640.00 million for the quarter, compared to analysts' expectations of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. CoStar Group's revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. On average, analysts forecast that CoStar Group, Inc. will post 0.45 EPS for the current year.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of the business's stock in a transaction on Friday, April 26th. The shares were sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the sale, the chief financial officer now directly owns 303,417 shares in the company, valued at approximately $28,099,448.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of the company's stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.61, for a total value of $11,366,580.96. Following the transaction, the chief financial officer now directly owns 303,417 shares in the company, valued at approximately $28,099,448.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael J. Desmarais sold 3,800 shares of the company's stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.67, for a total transaction of $352,146.00. Following the transaction, the insider now directly owns 64,087 shares of the company's stock, valued at approximately $5,938,942.29. The disclosure for this sale can be found here. 1.58% of the stock is currently owned by corporate insiders.

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.