Rice Hall James & Associates LLC trimmed its stake in shares of CoStar Group Inc (NASDAQ:CSGP) by 15.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,391 shares of the technology company’s stock after selling 3,061 shares during the quarter. Rice Hall James & Associates LLC’s holdings in CoStar Group were worth $9,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. NN Investment Partners Holdings N.V. lifted its position in shares of CoStar Group by 7.4% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 10,499 shares of the technology company’s stock worth $5,817,000 after buying an additional 725 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings 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 worth $58,317,000 after acquiring an additional 3,996 shares during the period. RiverPark Advisors LLC acquired a new stake in shares of CoStar Group in the 1st quarter worth about $2,492,000. Strs Ohio increased its holdings in shares of CoStar Group by 22.8% in the 2nd quarter. Strs Ohio now owns 58,582 shares of the technology company’s stock worth $32,457,000 after acquiring an additional 10,862 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of CoStar Group by 158.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 16,213 shares of the technology company’s stock worth $7,562,000 after acquiring an additional 9,947 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

In other news, Director John W. Hill sold 315 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $553.23, for a total transaction of $174,267.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott T. Wheeler sold 6,933 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $629.50, for a total transaction of $4,364,323.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,109 shares of company stock worth $28,803,346. 2.14% of the stock is owned by corporate insiders.

CoStar Group stock traded up $9.17 during trading hours on Thursday, hitting $609.20. 1,133 shares of the company traded hands, compared to its average volume of 283,362. The company has a market cap of $23.01 billion, a price-to-earnings ratio of 81.74, a P/E/G ratio of 4.66 and a beta of 1.32. The firm’s 50-day moving average price is $591.90. CoStar Group Inc has a 1-year low of $315.85 and a 1-year high of $639.41.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, July 23rd. The technology company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.22. The firm had revenue of $343.76 million for the quarter, compared to analysts’ expectations of $336.71 million. CoStar Group had a net margin of 22.48% and a return on equity of 10.42%. CoStar Group’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company earned $1.05 EPS. As a group, analysts anticipate that CoStar Group Inc will post 9.01 EPS for the current fiscal year.

CSGP has been the topic of a number of analyst reports. Wells Fargo & Co increased their price objective on shares of CoStar Group from $550.00 to $650.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Needham & Company LLC increased their price objective on shares of CoStar Group to $675.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods initiated coverage on shares of CoStar Group in a report on Tuesday, July 9th. They issued an “outperform” rating and a $650.00 price objective on the stock. BidaskClub raised shares of CoStar Group from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Finally, SunTrust Banks increased their price objective on shares of CoStar Group to $650.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. CoStar Group has an average rating of “Buy” and an average target price of $621.60.

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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