Parallel Advisors LLC decreased its holdings in shares of CoStar Group Inc (NASDAQ:CSGP) by 53.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 621 shares of the technology company’s stock after selling 710 shares during the quarter. Parallel Advisors LLC’s holdings in CoStar Group were worth $184,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Lenox Wealth Advisors Inc. bought a new stake in shares of CoStar Group in the fourth quarter worth $102,000. Cerebellum GP LLC bought a new stake in shares of CoStar Group in the fourth quarter worth $129,000. Corient Capital Partners LLC bought a new stake in shares of CoStar Group in the fourth quarter worth $204,000. Hengehold Capital Management LLC bought a new stake in shares of CoStar Group in the fourth quarter worth $206,000. Finally, IFM Investors Pty Ltd bought a new stake in shares of CoStar Group in the fourth quarter worth $219,000. Institutional investors own 98.57% of the company’s stock.
CSGP has been the topic of several analyst reports. B. Riley upped their price target on shares of CoStar Group to $400.00 in a research report on Tuesday, February 20th. Needham & Company LLC upped their price objective on shares of CoStar Group to $430.00 and gave the company a “positive” rating in a report on Friday, February 23rd. BidaskClub upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Citigroup reiterated a “buy” rating and issued a $425.00 price objective (up from $320.00) on shares of CoStar Group in a report on Tuesday, January 23rd. Finally, Zacks Investment Research downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $380.10.
In other CoStar Group news, VP Francis Carchedi sold 12,100 shares of the stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $356.09, for a total transaction of $4,308,689.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Matthew Linnington sold 7,921 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $348.23, for a total transaction of $2,758,329.83. The disclosure for this sale can be found here. Insiders have sold a total of 21,271 shares of company stock valued at $7,509,131 in the last three months. Insiders own 3.09% of the company’s stock.
CoStar Group Inc (NASDAQ:CSGP) traded up $1.32 during mid-day trading on Wednesday, hitting $364.42. 183,691 shares of the stock were exchanged, compared to its average volume of 222,420. The company has a market capitalization of $12,972.08, a PE ratio of 100.67, a P/E/G ratio of 3.43 and a beta of 1.61. CoStar Group Inc has a 52-week low of $197.55 and a 52-week high of $368.33.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.01. The business had revenue of $253.99 million during the quarter, compared to analyst estimates of $253.74 million. CoStar Group had a net margin of 12.71% and a return on equity of 6.75%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the business earned $1.29 EPS. analysts predict that CoStar Group Inc will post 6.25 earnings per share for the current fiscal year.
CoStar Group Company Profile
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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