Pictet Asset Management Ltd. Has $2.87 Million Stake in CoStar Group, Inc. (CSGP)
Pictet Asset Management Ltd. trimmed its position in CoStar Group, Inc. (NASDAQ:CSGP) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,700 shares of the technology company’s stock after selling 500 shares during the quarter. Pictet Asset Management Ltd.’s holdings in CoStar Group were worth $2,870,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank lifted its stake in shares of CoStar Group by 12.3% in the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after buying an additional 44 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of CoStar Group in the second quarter worth $134,000. LS Investment Advisors LLC lifted its stake in shares of CoStar Group by 3.5% in the second quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock worth $186,000 after buying an additional 24 shares during the last quarter. First Manhattan Co. acquired a new stake in shares of CoStar Group in the third quarter worth $187,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of CoStar Group in the second quarter worth $188,000. Institutional investors and hedge funds own 89.75% of the company’s stock.
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CoStar Group, Inc. (NASDAQ CSGP) opened at $296.68 on Monday. CoStar Group, Inc. has a 52-week low of $179.21 and a 52-week high of $302.12. The stock has a market cap of $10,723.64, a price-to-earnings ratio of 74.36, a P/E/G ratio of 4.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96.
CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.28. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. The business had revenue of $248.00 million for the quarter, compared to analyst estimates of $243.44 million. During the same quarter in the previous year, the firm posted $1.11 earnings per share. CoStar Group’s revenue was up 16.4% compared to the same quarter last year. analysts expect that CoStar Group, Inc. will post 3.98 EPS for the current fiscal year.
A number of analysts have recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $335.00 price objective on shares of CoStar Group in a research note on Wednesday, August 2nd. Needham & Company LLC boosted their price objective on shares of CoStar Group from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. BidaskClub upgraded shares of CoStar Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of CoStar Group in a research note on Wednesday, November 8th. They issued a “buy” rating and a $359.00 price objective for the company. Finally, Zacks Investment Research cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $332.75.
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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