Oak Thistle LLC Has $458,000 Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Oak Thistle LLC reduced its position in shares of CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 60.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,245 shares of the technology company’s stock after selling 8,014 shares during the period. Oak Thistle LLC’s holdings in CoStar Group were worth $458,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CSGP. Raymond James Financial Services Advisors Inc. increased its holdings in shares of CoStar Group by 111.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,683 shares of the technology company’s stock worth $1,045,000 after buying an additional 8,253 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of CoStar Group by 504.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,874 shares of the technology company’s stock worth $125,000 after buying an additional 1,564 shares in the last quarter. MetLife Investment Management LLC acquired a new position in shares of CoStar Group during the first quarter worth $1,427,000. Panagora Asset Management Inc. increased its holdings in shares of CoStar Group by 10.6% during the first quarter. Panagora Asset Management Inc. now owns 12,007 shares of the technology company’s stock worth $800,000 after buying an additional 1,152 shares in the last quarter. Finally, Raymond James Trust N.A. increased its holdings in shares of CoStar Group by 32.3% during the first quarter. Raymond James Trust N.A. now owns 5,884 shares of the technology company’s stock worth $392,000 after buying an additional 1,435 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CSGP. The Goldman Sachs Group upped their price target on shares of CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. BMO Capital Markets reduced their price objective on shares of CoStar Group from $84.00 to $79.00 and set a “market perform” rating on the stock in a research note on Thursday, February 22nd. JMP Securities boosted their price objective on shares of CoStar Group from $85.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Needham & Company LLC reduced their price objective on shares of CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Finally, Citigroup boosted their price objective 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. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, CoStar Group has a consensus rating of “Moderate Buy” and a consensus price target of $99.70.

Read Our Latest Stock Report on CoStar Group

CoStar Group Stock Performance

Shares of CSGP opened at $93.37 on Thursday. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $38.13 billion, a P/E ratio of 101.49, a price-to-earnings-growth ratio of 10.67 and a beta of 0.84. The firm’s fifty day simple moving average is $87.53 and its two-hundred day simple moving average is $83.38. CoStar Group, Inc. has a 12 month low of $67.22 and a 12 month high of $100.38.

CoStar Group (NASDAQ:CSGPGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. The firm had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, analysts predict that CoStar Group, Inc. will post 0.44 EPS for the current year.

CoStar Group Company Profile

(Free Report)

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.

Featured Articles

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

Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.