Fmr LLC Sells 122,200 Shares of CoStar Group, Inc. (CSGP)

Fmr LLC cut its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 25.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,300 shares of the technology company’s stock after selling 122,200 shares during the period. Fmr LLC owned 1.08% of CoStar Group worth $93,657,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSGP. LS Investment Advisors LLC raised its stake in shares of CoStar Group by 3.5% in the 2nd quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock valued at $186,000 after acquiring an additional 24 shares in the last quarter. World Asset Management Inc raised its stake in shares of CoStar Group by 1.7% in the 2nd quarter. World Asset Management Inc now owns 1,472 shares of the technology company’s stock valued at $388,000 after acquiring an additional 24 shares in the last quarter. CLS Investments LLC raised its stake in shares of CoStar Group by 1.9% in the 2nd quarter. CLS Investments LLC now owns 4,174 shares of the technology company’s stock valued at $1,100,000 after acquiring an additional 76 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of CoStar Group by 1.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,271 shares of the technology company’s stock valued at $1,389,000 after acquiring an additional 83 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of CoStar Group by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 832 shares of the technology company’s stock valued at $219,000 after acquiring an additional 96 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

In other CoStar Group news, VP Matthew Linnington sold 1,767 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $273.15, for a total value of $482,656.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.98% of the stock is owned by corporate insiders.

CoStar Group, Inc. (CSGP) opened at 279.29 on Wednesday. CoStar Group, Inc. has a 12 month low of $179.22 and a 12 month high of $287.96. The firm has a 50-day moving average price of $278.42 and a 200 day moving average price of $259.19. The company has a market capitalization of $9.17 billion, a P/E ratio of 93.75 and a beta of 1.51.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.23. The firm had revenue of $237.20 million for the quarter, compared to analyst estimates of $234.38 million. CoStar Group had a return on equity of 7.19% and a net margin of 10.85%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. Analysts expect that CoStar Group, Inc. will post $4.44 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This article was reported by Week Herald and is the property of of Week Herald. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright law. The correct version of this article can be read at https://weekherald.com/2017/10/11/fmr-llc-sells-122200-shares-of-costar-group-inc-csgp.html.

A number of research analysts recently weighed in on the company. Needham & Company LLC raised their price objective on CoStar Group from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $310.00 price objective on shares of CoStar Group in a research note on Wednesday, September 13th. Zacks Investment Research downgraded CoStar Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub raised CoStar Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, B. Riley reissued a “buy” rating and issued a $335.00 price objective on shares of CoStar Group in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $312.57.

CoStar Group Profile

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.

Want to see what other hedge funds are holding CSGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group, Inc. (NASDAQ:CSGP).

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

Receive News & Ratings for CoStar Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply