Keybank National Association OH grew its stake in CoStar Group Inc (NASDAQ:CSGP) by 6.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,510 shares of the technology company’s stock after buying an additional 92 shares during the period. Keybank National Association OH’s holdings in CoStar Group were worth $1,073,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Flagship Harbor Advisors LLC lifted its position in shares of CoStar Group by 164.3% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 37 shares of the technology company’s stock worth $26,000 after purchasing an additional 23 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new position in shares of CoStar Group during the 2nd quarter worth about $39,000. Balentine LLC acquired a new position in shares of CoStar Group during the 1st quarter worth about $42,000. Rockefeller Capital Management L.P. lifted its position in shares of CoStar Group by 100.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 74 shares of the technology company’s stock worth $43,000 after purchasing an additional 37 shares during the last quarter. Finally, Citizens Financial Group Inc RI lifted its position in shares of CoStar Group by 405.6% during the 1st quarter. Citizens Financial Group Inc RI now owns 91 shares of the technology company’s stock worth $53,000 after purchasing an additional 73 shares during the last quarter. 89.13% of the stock is owned by institutional investors.
Several research firms recently weighed in on CSGP. Bank of America began coverage on CoStar Group in a research report on Wednesday, July 8th. They set a “buy” rating and a $850.00 price objective for the company. Wells Fargo & Co boosted their price target on CoStar Group from $755.00 to $800.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. BidaskClub upgraded CoStar Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 31st. B. Riley boosted their price target on CoStar Group from $730.00 to $810.00 in a research note on Wednesday, July 29th. Finally, SunTrust Banks boosted their price target on CoStar Group from $695.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $805.25.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.34. CoStar Group had a return on equity of 8.81% and a net margin of 19.76%. The company had revenue of $392.00 million for the quarter, compared to analyst estimates of $390.18 million. During the same period in the prior year, the company posted $2.23 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. Sell-side analysts forecast that CoStar Group Inc will post 8.28 EPS for the current year.
In other news, VP Matthew Linnington sold 2,419 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $826.32, for a total value of $1,998,868.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.67% of the stock is owned by insiders.
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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