Bares Capital Management Inc. lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 600,005 shares of the technology company’s stock after buying an additional 46,294 shares during the quarter. CoStar Group accounts for approximately 7.3% of Bares Capital Management Inc.’s holdings, making the stock its 4th largest holding. Bares Capital Management Inc. owned about 1.66% of CoStar Group worth $160,951,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of CoStar Group during the 2nd quarter valued at about $188,000. State of Wisconsin Investment Board raised its holdings in shares of CoStar Group by 33.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 27,761 shares of the technology company’s stock valued at $7,318,000 after buying an additional 7,000 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of CoStar Group during the 2nd quarter valued at about $2,515,000. Victory Capital Management Inc. raised its holdings in shares of CoStar Group by 21.5% during the 2nd quarter. Victory Capital Management Inc. now owns 6,802 shares of the technology company’s stock valued at $1,793,000 after buying an additional 1,202 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of CoStar Group by 13.9% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 9,324 shares of the technology company’s stock valued at $2,458,000 after buying an additional 1,135 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.
Shares of CoStar Group, Inc. (NASDAQ:CSGP) opened at $287.83 on Wednesday. CoStar Group, Inc. has a 12 month low of $184.86 and a 12 month high of $314.73. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $10,500.00, a P/E ratio of 73.27, a price-to-earnings-growth ratio of 4.38 and a beta of 1.55.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $243.44 million. During the same quarter last year, the firm earned $1.11 EPS. CoStar Group’s quarterly revenue was up 16.4% on a year-over-year basis. equities research analysts forecast that CoStar Group, Inc. will post 3.99 earnings per share for the current year.
Several equities research analysts recently commented on the company. BidaskClub downgraded CoStar Group from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Stephens raised their target price on CoStar Group from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Goldman Sachs Group began coverage on CoStar Group in a report on Wednesday, November 8th. They set a “buy” rating and a $359.00 target price on the stock. Zacks Investment Research upgraded CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, J P Morgan Chase & Co lowered CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price objective for the company. in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. CoStar Group currently has an average rating of “Buy” and an average target price of $331.89.
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About CoStar Group
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.
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