CoStar Group, Inc. (NASDAQ:CSGP) Holdings Raised by Krilogy Financial LLC

Krilogy Financial LLC grew its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 54.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,662 shares of the technology company’s stock after acquiring an additional 8,387 shares during the period. Krilogy Financial LLC’s holdings in CoStar Group were worth $1,694,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in CoStar Group by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,697,933 shares of the technology company’s stock worth $125,889,000 after purchasing an additional 219,758 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of CoStar Group in the 2nd quarter valued at approximately $1,192,000. Meiji Yasuda Asset Management Co Ltd. raised its position in CoStar Group by 20.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,960 shares of the technology company’s stock valued at $516,000 after acquiring an additional 1,201 shares in the last quarter. MQS Management LLC acquired a new stake in CoStar Group in the second quarter valued at approximately $207,000. Finally, Intech Investment Management LLC lifted its stake in CoStar Group by 44.7% in the second quarter. Intech Investment Management LLC now owns 7,073 shares of the technology company’s stock valued at $524,000 after acquiring an additional 2,184 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Price Performance

NASDAQ:CSGP opened at $73.85 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38. The company has a fifty day moving average price of $74.67 and a 200 day moving average price of $75.33. The stock has a market cap of $30.28 billion, a P/E ratio of 167.84 and a beta of 0.85.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The business had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts anticipate that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. BMO Capital Markets lowered their target price on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Stephens reiterated an “overweight” rating and set a $103.00 price target on shares of CoStar Group in a research note on Thursday, January 2nd. JMP Securities reissued a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a research note on Monday, December 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.92.

Insider Transactions at CoStar Group

In other news, insider Michael J. Desmarais sold 5,500 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total transaction of $439,340.00. Following the completion of the transaction, the insider now directly owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew C. Florance bought 14,731 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average cost of $74.67 per share, for a total transaction of $1,099,963.77. Following the purchase, the chief executive officer now owns 1,263,098 shares of the company’s stock, valued at $94,315,527.66. This trade represents a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.57% of the stock is owned by insiders.

CoStar Group Profile

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.