CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Empirical Finance LLC

Empirical Finance LLC trimmed its position in CoStar Group, Inc. (NASDAQ:CSGP) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,399 shares of the technology company’s stock after selling 669 shares during the period. Empirical Finance LLC’s holdings in CoStar Group were worth $549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of CoStar Group in the fourth quarter valued at about $406,934,000. Janus Henderson Group PLC raised its position in CoStar Group by 17.7% during the 1st quarter. Janus Henderson Group PLC now owns 11,808,027 shares of the technology company’s stock worth $1,140,650,000 after buying an additional 1,773,564 shares during the last quarter. Capital International Investors lifted its stake in CoStar Group by 32.2% during the 4th quarter. Capital International Investors now owns 4,036,609 shares of the technology company’s stock valued at $352,759,000 after acquiring an additional 982,837 shares during the period. Capital Research Global Investors lifted its stake in CoStar Group by 49.2% during the 4th quarter. Capital Research Global Investors now owns 2,414,313 shares of the technology company’s stock valued at $210,987,000 after acquiring an additional 796,386 shares during the period. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of CoStar Group by 109.6% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,398,896 shares of the technology company’s stock valued at $122,249,000 after acquiring an additional 731,375 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Up 0.2 %

Shares of NASDAQ:CSGP opened at $77.30 on Friday. The firm has a market capitalization of $31.56 billion, a price-to-earnings ratio of 105.89, a price-to-earnings-growth ratio of 10.97 and a beta of 0.81. The business’s 50 day moving average price is $75.01 and its 200-day moving average price is $82.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27. CoStar Group, Inc. has a 1 year low of $67.35 and a 1 year high of $100.38.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The business had revenue of $677.80 million for the quarter, compared to the consensus estimate of $677.18 million. During the same period last year, the firm posted $0.27 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that CoStar Group, Inc. will post 0.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CSGP has been the subject of a number of research reports. JMP Securities decreased their target price on shares of CoStar Group from $110.00 to $90.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 24th. Royal Bank of Canada reduced their price objective on CoStar Group from $109.00 to $96.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on CoStar Group from $102.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. The Goldman Sachs Group dropped their target price on CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Robert W. Baird decreased their price target on CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $96.38.

About CoStar Group

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.