Aperio Group LLC boosted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 16.3% during the second quarter, Holdings Channel reports. The firm owned 7,489 shares of the technology company’s stock after buying an additional 1,047 shares during the period. Aperio Group LLC’s holdings in CoStar Group were worth $1,974,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CSGP. Sumitomo Mitsui Asset Management Company LTD boosted its stake in CoStar Group by 799.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 20,630 shares of the technology company’s stock worth $4,274,000 after buying an additional 18,337 shares during the period. Russell Investments Group Ltd. boosted its stake in CoStar Group by 39.2% in the first quarter. Russell Investments Group Ltd. now owns 221,786 shares of the technology company’s stock worth $45,962,000 after buying an additional 62,457 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in CoStar Group during the first quarter worth approximately $124,000. Rice Hall James & Associates LLC boosted its stake in CoStar Group by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 2,186 shares of the technology company’s stock worth $453,000 after buying an additional 63 shares during the period. Finally, Capital Impact Advisors LLC purchased a new stake in CoStar Group during the first quarter worth approximately $1,309,000.

CoStar Group, Inc. (NASDAQ:CSGP) traded up 0.19% during trading on Wednesday, hitting $280.07. The company had a trading volume of 38,372 shares. The company has a market cap of $9.19 billion, a PE ratio of 94.01 and a beta of 1.51. The company’s 50 day moving average price is $270.21 and its 200-day moving average price is $233.96. CoStar Group, Inc. has a 12 month low of $179.22 and a 12 month high of $284.47.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, July 26th. The technology company reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.23. CoStar Group had a return on equity of 7.19% and a net margin of 10.85%. The firm had revenue of $237.20 million for the quarter, compared to the consensus estimate of $234.38 million. During the same period in the previous year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities analysts expect that CoStar Group, Inc. will post $4.49 earnings per share for the current year.

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A number of research firms have recently commented on CSGP. Zacks Investment Research upgraded CoStar Group from a “hold” rating to a “strong-buy” rating and set a $317.00 target price on the stock in a research report on Tuesday, August 1st. Citigroup Inc. set a $320.00 price target on CoStar Group and gave the stock a “buy” rating in a report on Friday, July 28th. Needham & Company LLC raised their price target on CoStar Group from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, July 28th. B. Riley reissued a “buy” rating and set a $335.00 price target on shares of CoStar Group in a report on Friday, July 28th. Finally, BidaskClub lowered CoStar Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. CoStar Group has an average rating of “Buy” and an average target price of $309.50.

In other CoStar Group news, VP Matthew Linnington sold 1,767 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $273.15, for a total transaction of $482,656.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Klein sold 20,000 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $265.01, for a total value of $5,300,200.00. The disclosure for this sale can be found here. 2.98% of the stock is owned by insiders.

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

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