Boston Private Wealth LLC trimmed its stake in CoStar Group Inc (NASDAQ:CSGP) by 17.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,489 shares of the technology company’s stock after selling 4,672 shares during the period. Boston Private Wealth LLC owned approximately 0.06% of CoStar Group worth $11,906,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. lifted its stake in shares of CoStar Group by 312.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,540 shares of the technology company’s stock valued at $3,218,000 after purchasing an additional 14,040 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of CoStar Group by 124.5% in the 4th quarter. American Century Companies Inc. now owns 481,418 shares of the technology company’s stock valued at $162,402,000 after purchasing an additional 266,965 shares during the last quarter. Sciencast Management LP bought a new stake in shares of CoStar Group in the 1st quarter valued at approximately $1,865,000. Public Employees Retirement System of Ohio lifted its stake in shares of CoStar Group by 6.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 49,998 shares of the technology company’s stock valued at $16,866,000 after purchasing an additional 3,195 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in shares of CoStar Group by 3.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 125,031 shares of the technology company’s stock valued at $58,317,000 after purchasing an additional 3,996 shares during the last quarter. 95.97% of the stock is owned by institutional investors and hedge funds.

Shares of CSGP stock traded down $3.26 on Tuesday, reaching $580.56. 296,857 shares of the company’s stock were exchanged, compared to its average volume of 219,629. CoStar Group Inc has a 52 week low of $315.85 and a 52 week high of $592.34. The company has a market cap of $21.40 billion, a PE ratio of 78.45, a PEG ratio of 4.32 and a beta of 1.34. The business has a fifty day moving average of $559.96.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, April 23rd. The technology company reported $2.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.11. CoStar Group had a return on equity of 10.09% and a net margin of 21.76%. The firm had revenue of $328.00 million during the quarter, compared to analyst estimates of $327.45 million. During the same period last year, the company earned $1.44 EPS. CoStar Group’s quarterly revenue was up 19.7% compared to the same quarter last year. Research analysts expect that CoStar Group Inc will post 9 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on CSGP shares. Needham & Company LLC raised their price objective on CoStar Group from $500.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Zacks Investment Research raised Focus Financial Partners from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, June 24th. Keefe, Bruyette & Woods started coverage on RealPage in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $74.00 price objective for the company. SunTrust Banks raised their price objective on Polaris Industries to $102.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Finally, BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. CoStar Group has a consensus rating of “Buy” and an average target price of $559.00.

In related news, Director John W. Hill sold 315 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $553.23, for a total transaction of $174,267.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.14% of the stock is currently owned by company insiders.

CoStar Group 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 offers 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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