CoStar Group Inc (NASDAQ:CSGP) Director Sells 315 Shares

CoStar Group Inc (NASDAQ:CSGP) Director John W. Hill sold 315 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $553.23, for a total value of $174,267.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ CSGP traded up $4.42 during midday trading on Thursday, hitting $587.95. 308,482 shares of the company’s stock were exchanged, compared to its average volume of 219,120. The firm has a fifty day moving average price of $550.87. The stock has a market capitalization of $21.26 billion, a P/E ratio of 79.45, a price-to-earnings-growth ratio of 3.86 and a beta of 1.34. CoStar Group Inc has a 12-month low of $315.85 and a 12-month high of $592.34.

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

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in CoStar Group by 0.8% in the first quarter. BlackRock Inc. now owns 3,086,193 shares of the technology company’s stock valued at $1,439,461,000 after acquiring an additional 24,945 shares during the period. Vanguard Group Inc raised its stake in shares of CoStar Group by 0.3% in the third quarter. Vanguard Group Inc now owns 3,047,482 shares of the technology company’s stock worth $1,282,503,000 after buying an additional 9,345 shares during the period. JPMorgan Chase & Co. raised its stake in shares of CoStar Group by 4.0% in the first quarter. JPMorgan Chase & Co. now owns 581,742 shares of the technology company’s stock worth $271,335,000 after buying an additional 22,555 shares during the period. American Century Companies Inc. raised its stake in shares of CoStar Group by 3.8% in the first quarter. American Century Companies Inc. now owns 499,624 shares of the technology company’s stock worth $233,035,000 after buying an additional 18,206 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of CoStar Group by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 335,302 shares of the technology company’s stock worth $113,029,000 after buying an additional 4,060 shares during the period. 96.04% of the stock is currently owned by institutional investors.

Several research firms have weighed in on CSGP. Bank of America restated a “buy” rating and set a $60.00 price target (up previously from $55.00) on shares of Western Digital in a report on Wednesday, April 24th. Zacks Investment Research upgraded shares of Focus Financial Partners from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Monday, June 24th. Citigroup lowered shares of International Container Terminal Services from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 24th. SunTrust Banks upped their target price on shares of Polaris Industries to $102.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of RealPage in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $74.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $559.00.

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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Insider Buying and Selling by Quarter for CoStar Group (NASDAQ:CSGP)

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