CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by Vantage Investment Partners LLC

Vantage Investment Partners LLC raised its position in CoStar Group, Inc. (NASDAQ:CSGP) by 24.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 505,016 shares of the technology company’s stock after acquiring an additional 100,127 shares during the quarter. CoStar Group accounts for about 3.2% of Vantage Investment Partners LLC’s investment portfolio, making the stock its 11th largest holding. Vantage Investment Partners LLC’s holdings in CoStar Group were worth $38,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CSGP. Empowered Funds LLC boosted its stake in shares of CoStar Group by 54.7% during the 1st quarter. Empowered Funds LLC now owns 6,874 shares of the technology company’s stock valued at $664,000 after buying an additional 2,431 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in CoStar Group by 4.7% during the first quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company’s stock worth $242,000 after purchasing an additional 112 shares during the period. QRG Capital Management Inc. boosted its position in CoStar Group by 8.2% during the first quarter. QRG Capital Management Inc. now owns 16,222 shares of the technology company’s stock worth $1,567,000 after purchasing an additional 1,225 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of CoStar Group by 16.1% during the first quarter. Russell Investments Group Ltd. now owns 401,314 shares of the technology company’s stock worth $38,750,000 after buying an additional 55,763 shares during the last quarter. Finally, Avantax Advisory Services Inc. acquired a new position in shares of CoStar Group during the first quarter worth approximately $217,000. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, Director Michael R. Klein sold 71,633 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $74.69, for a total value of $5,350,268.77. Following the transaction, the director now owns 1,913,501 shares of the company’s stock, valued at approximately $142,919,389.69. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other CoStar Group news, CEO Andrew C. Florance purchased 14,731 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were bought at an average price of $74.67 per share, with a total value of $1,099,963.77. Following the completion of the transaction, the chief executive officer now directly owns 1,263,098 shares in the company, valued at $94,315,527.66. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Klein sold 71,633 shares of CoStar Group stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $74.69, for a total value of $5,350,268.77. Following the completion of the sale, the director now directly owns 1,913,501 shares in the company, valued at approximately $142,919,389.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CSGP. JPMorgan Chase & Co. cut their target price on CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. The Goldman Sachs Group dropped their price objective 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. JMP Securities reiterated a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a research note on Friday, September 6th. Citigroup dropped their price objective on CoStar Group from $97.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Bank of America dropped their price objective on CoStar Group from $111.00 to $89.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.25.

CoStar Group Price Performance

CoStar Group stock opened at $75.87 on Tuesday. The business’s 50-day simple moving average is $76.06 and its 200 day simple moving average is $77.92. The stock has a market cap of $31.10 billion, a price-to-earnings ratio of 172.43 and a beta of 0.82. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $100.38. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The business had revenue of $692.60 million for the quarter, compared to analysts’ expectations of $695.91 million. During the same quarter last year, the business earned $0.25 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, research analysts anticipate that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

About CoStar Group

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.