Ycg LLC Has $33.01 Million Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Ycg LLC raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 445,209 shares of the technology company’s stock after buying an additional 920 shares during the period. CoStar Group comprises approximately 2.7% of Ycg LLC’s investment portfolio, making the stock its 17th biggest holding. Ycg LLC owned approximately 0.11% of CoStar Group worth $33,008,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in shares of CoStar Group during the first quarter worth $31,000. Riverview Trust Co acquired a new stake in CoStar Group in the 1st quarter worth about $35,000. RiverPark Advisors LLC bought a new stake in CoStar Group in the 1st quarter valued at about $37,000. Connectus Wealth LLC grew its position in shares of CoStar Group by 915.0% during the 4th quarter. Connectus Wealth LLC now owns 518,633 shares of the technology company’s stock worth $45,000 after purchasing an additional 467,534 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new position in shares of CoStar Group during the second quarter worth approximately $49,000. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

CSGP has been the topic of a number of analyst reports. Bank of America reduced their price target on CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. The Goldman Sachs Group dropped their price target on CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Royal Bank of Canada reduced their price objective on shares of CoStar Group from $109.00 to $96.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Needham & Company LLC restated a “buy” rating and issued a $107.00 target price on shares of CoStar Group in a research report on Wednesday, July 24th. Finally, JMP Securities reiterated a “market outperform” rating and set a $90.00 price target on shares of CoStar Group in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.38.

CoStar Group Trading Up 0.1 %

Shares of CoStar Group stock traded up $0.09 on Friday, hitting $77.45. The stock had a trading volume of 1,880,857 shares, compared to its average volume of 1,651,620. The stock has a 50 day moving average of $75.39 and a 200 day moving average of $82.45. The firm has a market capitalization of $31.74 billion, a P/E ratio of 106.10, a PEG ratio of 11.44 and a beta of 0.81. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.27 and a current ratio of 9.27.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The firm had revenue of $677.80 million during the quarter, compared to the consensus estimate of $677.18 million. During the same quarter last year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts expect that CoStar Group, Inc. will post 0.49 earnings per share for the current fiscal year.

CoStar Group 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.