Malaga Cove Capital LLC Has $2.02 Million Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Malaga Cove Capital LLC grew its position in CoStar Group, Inc. (NASDAQ:CSGP) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,175 shares of the technology company’s stock after acquiring an additional 1,500 shares during the quarter. Malaga Cove Capital LLC’s holdings in CoStar Group were worth $2,015,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Swedbank AB bought a new position in CoStar Group in the 1st quarter worth approximately $4,223,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in CoStar Group by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,035,675 shares of the technology company’s stock worth $100,046,000 after purchasing an additional 17,658 shares in the last quarter. SG Americas Securities LLC lifted its stake in CoStar Group by 390.8% in the first quarter. SG Americas Securities LLC now owns 99,800 shares of the technology company’s stock valued at $9,641,000 after buying an additional 79,467 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in CoStar Group by 70.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 60,163 shares of the technology company’s stock valued at $5,258,000 after acquiring an additional 24,866 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of CoStar Group by 4.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 556,495 shares of the technology company’s stock valued at $46,061,000 after purchasing an additional 22,138 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Up 2.7 %

Shares of NASDAQ:CSGP opened at $79.53 on Tuesday. The firm has a market capitalization of $32.59 billion, a PE ratio of 108.95, a price-to-earnings-growth ratio of 11.48 and a beta of 0.81. 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, Inc. has a 52-week low of $67.35 and a 52-week high of $100.38. The firm has a fifty day moving average of $75.51 and a 200 day moving average of $82.41.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The company had revenue of $677.80 million during the quarter, compared to analyst estimates of $677.18 million. During the same period in the prior year, the business posted $0.27 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. As a group, research analysts anticipate that CoStar Group, Inc. will post 0.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JMP Securities restated a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a report on Friday. Robert W. Baird reduced their price target on CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Bank of America cut their price objective on shares of CoStar Group from $111.00 to $89.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Keefe, Bruyette & Woods lowered their price objective on CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of CoStar Group from $102.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.38.

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.