CoStar Group Inc (NASDAQ:CSGP) Shares Sold by California State Teachers Retirement System

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California State Teachers Retirement System cut its position in shares of CoStar Group Inc (NASDAQ:CSGP) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,123 shares of the technology company’s stock after selling 1,894 shares during the quarter. California State Teachers Retirement System owned 0.15% of CoStar Group worth $20,355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Korea Investment CORP acquired a new position in CoStar Group during the first quarter worth about $109,000. Adviser Investments LLC acquired a new stake in CoStar Group during the 1st quarter worth about $181,000. Ladenburg Thalmann Financial Services Inc. boosted its position in CoStar Group by 39.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 510 shares of the technology company’s stock worth $183,000 after acquiring an additional 143 shares during the period. Corient Capital Partners LLC bought a new position in shares of CoStar Group in the 4th quarter valued at approximately $204,000. Finally, Wellington Shields Capital Management LLC bought a new position in shares of CoStar Group in the 1st quarter valued at approximately $245,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.

In other CoStar Group news, insider Andrew C. Florance sold 24,821 shares of the business’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $371.03, for a total transaction of $9,209,335.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 38,442 shares of company stock valued at $14,261,768 over the last ninety days. 2.47% of the stock is currently owned by corporate insiders.

A number of research analysts recently weighed in on CSGP shares. BidaskClub downgraded CoStar Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 18th. ValuEngine raised CoStar Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $415.00 price objective on the stock in a research report on Thursday, April 26th. Needham & Company LLC boosted their price target on CoStar Group to $450.00 and gave the company a “buy” rating in a research note on Tuesday, April 24th. Finally, SunTrust Banks boosted their price objective on CoStar Group to $435.00 and gave the stock a “buy” rating in a research note on Tuesday, April 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. CoStar Group has an average rating of “Buy” and an average price target of $388.45.

CoStar Group stock opened at $411.69 on Thursday. CoStar Group Inc has a one year low of $255.41 and a one year high of $419.95. The firm has a market cap of $14.83 billion, a price-to-earnings ratio of 106.38, a P/E/G ratio of 3.67 and a beta of 1.53.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Monday, April 23rd. The technology company reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.28. CoStar Group had a return on equity of 6.97% and a net margin of 15.09%. The firm had revenue of $274.00 million for the quarter, compared to the consensus estimate of $270.56 million. During the same period in the previous year, the business earned $1.05 EPS. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. equities analysts forecast that CoStar Group Inc will post 6.63 earnings per share for the current year.

CoStar Group 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.

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

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