Virtu Financial LLC boosted its stake in shares of CoStar Group Inc (NASDAQ:CSGP) by 155.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,461 shares of the technology company’s stock after acquiring an additional 890 shares during the quarter. Virtu Financial LLC’s holdings in CoStar Group were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of CoStar Group in the 3rd quarter valued at approximately $100,000. Fort L.P. acquired a new stake in shares of CoStar Group in the 2nd quarter valued at approximately $122,000. Signet Financial Management LLC acquired a new stake in shares of CoStar Group in the 2nd quarter valued at approximately $152,000. Ropes Wealth Advisors LLC acquired a new stake in shares of CoStar Group in the 2nd quarter valued at approximately $186,000. Finally, Global X Management Co LLC lifted its holdings in shares of CoStar Group by 225.2% in the 2nd quarter. Global X Management Co LLC now owns 452 shares of the technology company’s stock valued at $187,000 after buying an additional 313 shares during the period. 95.89% of the stock is owned by institutional investors.
NASDAQ CSGP opened at $366.85 on Friday. CoStar Group Inc has a 1-year low of $283.11 and a 1-year high of $448.35. The company has a market capitalization of $13.67 billion, a P/E ratio of 94.79, a PEG ratio of 3.14 and a beta of 1.51.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 23rd. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.08. CoStar Group had a return on equity of 7.63% and a net margin of 17.61%. The firm had revenue of $305.53 million during the quarter, compared to the consensus estimate of $305.99 million. During the same period last year, the business posted $1.41 EPS. CoStar Group’s quarterly revenue was up 23.4% on a year-over-year basis. As a group, equities analysts predict that CoStar Group Inc will post 7.13 earnings per share for the current fiscal year.
Several analysts have recently commented on CSGP shares. BidaskClub cut CoStar Group from a “buy” rating to a “hold” rating in a report on Saturday, September 8th. Zacks Investment Research raised CoStar Group from a “hold” rating to a “buy” rating and set a $471.00 price target for the company in a report on Monday, October 1st. Needham & Company LLC raised their price target on CoStar Group from $475.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, September 12th. Finally, ValuEngine cut CoStar Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $451.44.
In related news, Director Christopher J. Nassetta sold 571 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $349.67, for a total value of $199,661.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.47% of the company’s stock.
CoStar Group Company Profile
CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.
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