CoStar Group Inc (CSGP) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

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BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in CoStar Group Inc (NASDAQ:CSGP) by 35.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,651 shares of the technology company’s stock after selling 6,422 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in CoStar Group were worth $3,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cornerstone Advisors Inc. increased its position in shares of CoStar Group by 15.5% during the fourth quarter. Cornerstone Advisors Inc. now owns 238 shares of the technology company’s stock valued at $80,000 after acquiring an additional 32 shares in the last quarter. ETF Managers Group LLC increased its position in shares of CoStar Group by 17.7% during the fourth quarter. ETF Managers Group LLC now owns 365 shares of the technology company’s stock valued at $123,000 after acquiring an additional 55 shares in the last quarter. TLP Group LLC bought a new stake in shares of CoStar Group during the third quarter valued at approximately $140,000. Paradigm Asset Management Co. LLC bought a new stake in shares of CoStar Group during the third quarter valued at approximately $147,000. Finally, Parkside Financial Bank & Trust increased its position in shares of CoStar Group by 8.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 437 shares of the technology company’s stock valued at $147,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

NASDAQ:CSGP opened at $465.67 on Friday. CoStar Group Inc has a 12 month low of $315.85 and a 12 month high of $484.92. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 62.93, a P/E/G ratio of 3.08 and a beta of 1.46.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, February 26th. The technology company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. CoStar Group had a net margin of 20.00% and a return on equity of 9.30%. The business had revenue of $315.57 million during the quarter, compared to the consensus estimate of $310.19 million. During the same quarter in the previous year, the firm posted $1.25 EPS. The firm’s revenue was up 24.2% on a year-over-year basis. On average, equities analysts expect that CoStar Group Inc will post 9.03 earnings per share for the current year.

In other CoStar Group news, CFO Scott T. Wheeler sold 5,396 shares of CoStar Group stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $476.11, for a total value of $2,569,089.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Matthew Linnington sold 4,701 shares of CoStar Group stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $477.31, for a total transaction of $2,243,834.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,461 shares of company stock valued at $31,346,029. 2.47% of the stock is currently owned by insiders.

Several brokerages recently weighed in on CSGP. BidaskClub raised shares of CoStar Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Zacks Investment Research downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 25th. Bank of America reissued a “buy” rating and set a $460.00 price target (up previously from $429.00) on shares of CoStar Group in a research report on Wednesday, February 27th. B. Riley raised their price target on shares of CoStar Group from $460.00 to $512.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Finally, ValuEngine raised shares of CoStar Group from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $457.22.

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CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land.

See Also: Ex-Dividend

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

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