BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its position in CoStar Group Inc (NASDAQ:CSGP) by 17.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 797 shares of the technology company’s stock after selling 169 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in CoStar Group were worth $372,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in CSGP. Assenagon Asset Management S.A. acquired a new stake in shares of CoStar Group during the 1st quarter valued at about $220,000. BNP Paribas Arbitrage SA boosted its position in shares of CoStar Group by 158.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 16,213 shares of the technology company’s stock valued at $7,562,000 after acquiring an additional 9,947 shares in the last quarter. Creative Planning acquired a new stake in shares of CoStar Group during the 1st quarter valued at about $653,000. Oppenheimer Asset Management Inc. boosted its position in shares of CoStar Group by 4.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 20,100 shares of the technology company’s stock valued at $9,376,000 after acquiring an additional 928 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of CoStar Group during the 1st quarter valued at about $1,098,000. Hedge funds and other institutional investors own 96.17% of the company’s stock.
Shares of NASDAQ CSGP traded up $3.08 during trading on Wednesday, reaching $527.95. The company had a trading volume of 217,463 shares, compared to its average volume of 204,570. CoStar Group Inc has a 52 week low of $315.85 and a 52 week high of $532.22. The company has a market cap of $19.29 billion, a PE ratio of 71.34, a P/E/G ratio of 3.43 and a beta of 1.45.
CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, April 23rd. The technology company reported $2.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.11. CoStar Group had a net margin of 21.76% and a return on equity of 10.09%. The company had revenue of $328.00 million during the quarter, compared to the consensus estimate of $327.45 million. During the same period in the previous year, the firm posted $1.44 earnings per share. The company’s revenue was up 19.7% on a year-over-year basis. As a group, research analysts expect that CoStar Group Inc will post 9.01 earnings per share for the current year.
CSGP has been the topic of several recent research reports. SunTrust Banks lifted their target price on shares of CoStar Group to $460.00 and gave the company a “positive” rating in a research report on Wednesday, February 27th. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $547.00 price target for the company in a report on Tuesday, May 14th. Bank of America lifted their price target on shares of CoStar Group from $460.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. ValuEngine raised shares of CoStar Group from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, BidaskClub raised shares of CoStar Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $538.25.
In other CoStar Group news, insider Andrew C. Florance sold 55,322 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $473.38, for a total value of $26,188,328.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott T. Wheeler sold 5,396 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $476.11, for a total transaction of $2,569,089.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,419 shares of company stock valued at $31,001,252. Insiders own 2.47% of the company’s stock.
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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 offers inventory of office, industrial, retail, and multifamily properties and land.
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