BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in shares of CoStar Group Inc (NASDAQ:CSGP) by 35.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,651 shares of the technology company’s stock after selling 6,422 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in CoStar Group were worth $3,930,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of CoStar Group by 7.0% during the fourth quarter. BlackRock Inc. now owns 3,061,248 shares of the technology company’s stock worth $1,032,680,000 after acquiring an additional 200,620 shares in the last quarter. Vanguard Group Inc lifted its position in shares of CoStar Group by 0.3% during the third quarter. Vanguard Group Inc now owns 3,047,482 shares of the technology company’s stock worth $1,282,503,000 after acquiring an additional 9,345 shares in the last quarter. Marshall Wace North America L.P. lifted its position in shares of CoStar Group by 16.4% during the third quarter. Marshall Wace North America L.P. now owns 548,194 shares of the technology company’s stock worth $230,702,000 after acquiring an additional 77,373 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of CoStar Group by 73.6% during the third quarter. JPMorgan Chase & Co. now owns 478,297 shares of the technology company’s stock worth $201,288,000 after acquiring an additional 202,743 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of CoStar Group by 100.6% during the fourth quarter. Mackenzie Financial Corp now owns 423,354 shares of the technology company’s stock worth $142,814,000 after acquiring an additional 212,278 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Several equities research analysts have issued reports on CSGP shares. B. Riley increased their target price on CoStar Group from $460.00 to $512.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Bank of America restated a “buy” rating and set a $460.00 target price (up previously from $429.00) on shares of CoStar Group in a research report on Wednesday, February 27th. BidaskClub upgraded CoStar Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. ValuEngine upgraded CoStar Group from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research downgraded CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $457.22.

Shares of CSGP stock opened at $465.67 on Friday. CoStar Group Inc has a 52-week low of $315.85 and a 52-week high of $484.92. The firm has a market capitalization of $17.08 billion, a P/E ratio of 62.93, a price-to-earnings-growth ratio of 3.08 and a beta of 1.46.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, February 26th. The technology company reported $2.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.53 by $0.28. CoStar Group had a return on equity of 9.30% and a net margin of 20.00%. The company had revenue of $315.57 million for the quarter, compared to the consensus estimate of $310.19 million. During the same quarter last year, the business posted $1.25 earnings per share. The firm’s revenue was up 24.2% compared to the same quarter last year. As a group, analysts expect that CoStar Group Inc will post 9.03 EPS for the current fiscal year.

In related news, CFO Scott T. Wheeler sold 5,396 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $476.11, for a total value of $2,569,089.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John W. Hill sold 1,042 shares of the stock in a transaction on Wednesday, December 26th. The shares were sold at an average price of $330.88, for a total value of $344,776.96. The disclosure for this sale can be found here. Insiders sold 66,461 shares of company stock worth $31,346,029 in the last quarter. 2.47% of the stock is currently owned by company insiders.

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CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land.

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

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