HST Ventures LLC Makes New $2.33 Million Investment in CoStar Group, Inc. (NASDAQ:CSGP)

HST Ventures LLC acquired a new position in CoStar Group, Inc. (NASDAQ:CSGPFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,635 shares of the technology company’s stock, valued at approximately $2,328,000. CoStar Group makes up approximately 0.8% of HST Ventures LLC’s holdings, making the stock its 26th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of CoStar Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 34,757,886 shares of the technology company’s stock worth $2,315,223,000 after purchasing an additional 204,955 shares during the period. BlackRock Inc. boosted its stake in shares of CoStar Group by 0.6% during the 2nd quarter. BlackRock Inc. now owns 32,124,231 shares of the technology company’s stock worth $2,859,057,000 after purchasing an additional 206,764 shares during the period. Principal Financial Group Inc. boosted its stake in shares of CoStar Group by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,808,306 shares of the technology company’s stock worth $1,523,061,000 after purchasing an additional 761,383 shares during the period. Bamco Inc. NY boosted its stake in shares of CoStar Group by 0.5% during the 3rd quarter. Bamco Inc. NY now owns 19,196,502 shares of the technology company’s stock worth $1,476,019,000 after purchasing an additional 91,399 shares during the period. Finally, State Street Corp boosted its stake in shares of CoStar Group by 1.9% during the 2nd quarter. State Street Corp now owns 15,311,558 shares of the technology company’s stock worth $1,362,729,000 after purchasing an additional 290,864 shares during the period. 96.53% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Stock Up 8.3 %

Shares of NASDAQ:CSGP traded up $7.31 during trading hours on Friday, hitting $95.18. The company’s stock had a trading volume of 9,542,577 shares, compared to its average volume of 2,186,632. CoStar Group, Inc. has a 52 week low of $65.12 and a 52 week high of $95.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.01 and a quick ratio of 12.01. The company has a market capitalization of $38.87 billion, a price-to-earnings ratio of 103.46, a P/E/G ratio of 10.29 and a beta of 0.83. The firm’s fifty day moving average price is $84.42 and its 200 day moving average price is $82.23.

CoStar Group (NASDAQ:CSGPGet Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $640.00 million during the quarter, compared to analyst estimates of $634.27 million. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. CoStar Group’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. As a group, research analysts expect that CoStar Group, Inc. will post 0.43 EPS for the current year.

Wall Street Analyst Weigh In

CSGP has been the subject of a number of research analyst reports. Citigroup lifted their price objective on shares of CoStar Group from $90.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. BMO Capital Markets decreased their price objective on shares of CoStar Group from $84.00 to $79.00 and set a “market perform” rating for the company in a report on Thursday, February 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of CoStar Group in a report on Wednesday, February 21st. The Goldman Sachs Group decreased their price objective on shares of CoStar Group from $98.00 to $84.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Finally, Needham & Company LLC decreased their price objective on shares of CoStar Group from $105.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.80.

View Our Latest Analysis on CSGP

About CoStar Group

(Free Report)

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.

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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