CoStar Group, Inc. (NASDAQ:CSGP) Stake Boosted by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 6.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 11,223 shares of the technology company’s stock after buying an additional 722 shares during the quarter. Motley Fool Asset Management LLC’s holdings in CoStar Group were worth $981,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Deutsche Bank AG lifted its holdings in shares of CoStar Group by 37.1% during the 3rd quarter. Deutsche Bank AG now owns 739,725 shares of the technology company’s stock worth $56,877,000 after acquiring an additional 200,183 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in CoStar Group by 11.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,589 shares of the technology company’s stock worth $312,000 after purchasing an additional 376 shares in the last quarter. Simplicity Solutions LLC boosted its position in shares of CoStar Group by 5.7% during the fourth quarter. Simplicity Solutions LLC now owns 7,971 shares of the technology company’s stock valued at $697,000 after buying an additional 431 shares during the last quarter. abrdn plc raised its stake in CoStar Group by 69.8% during the 4th quarter. abrdn plc now owns 169,683 shares of the technology company’s stock valued at $14,829,000 after purchasing an additional 69,744 shares during the period. Finally, Harbor Advisors LLC boosted its holdings in CoStar Group by 69.6% during the 4th quarter. Harbor Advisors LLC now owns 17,060 shares of the technology company’s stock valued at $1,491,000 after acquiring an additional 7,000 shares during the period. Institutional investors own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Robert W. Baird increased their price target on CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Bank of America raised their target price on CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, March 18th. William Blair restated an “outperform” rating on shares of CoStar Group in a research report on Wednesday. Needham & Company LLC upped their target price on shares of CoStar Group from $90.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada increased their price objective on shares of CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and an average target price of $102.46.

CoStar Group Stock Up 2.6 %

NASDAQ:CSGP traded up $2.31 during trading hours on Friday, reaching $92.65. The company had a trading volume of 2,234,096 shares, compared to its average volume of 2,201,923. The firm has a market cap of $37.84 billion, a price-to-earnings ratio of 126.92, a P/E/G ratio of 10.57 and a beta of 0.84. The business’s 50-day simple moving average is $89.77 and its two-hundred day simple moving average is $84.76. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The company has a quick ratio of 12.01, a current ratio of 9.09 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The business 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 firm posted $0.35 EPS. CoStar Group’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts expect that CoStar Group, Inc. will post 0.44 earnings per share for the current year.

CoStar Group Company Profile

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.