Artemis Investment Management LLP grew its holdings in shares of CoStar Group Inc (NASDAQ:CSGP) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,961 shares of the technology company’s stock after buying an additional 9,268 shares during the quarter. Artemis Investment Management LLP owned approximately 0.38% of CoStar Group worth $58,089,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Letko Brosseau & Associates Inc. acquired a new position in shares of CoStar Group during the 3rd quarter worth about $210,000. Cedar Capital LLC grew its stake in CoStar Group by 36.3% in the 3rd quarter. Cedar Capital LLC now owns 1,686 shares of the technology company’s stock valued at $710,000 after buying an additional 449 shares during the last quarter. Piedmont Investment Advisors Inc. acquired a new position in CoStar Group in the 3rd quarter valued at about $1,090,000. Zeke Capital Advisors LLC acquired a new position in CoStar Group in the 3rd quarter valued at about $1,194,000. Finally, Candriam Luxembourg S.C.A. acquired a new position in CoStar Group in the 3rd quarter valued at about $1,257,000. 96.08% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ CSGP opened at $362.79 on Monday. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 93.74, a price-to-earnings-growth ratio of 3.04 and a beta of 1.52. CoStar Group Inc has a 12-month low of $283.11 and a 12-month high of $448.35.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, October 23rd. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.08. The firm had revenue of $305.53 million during the quarter, compared to the consensus estimate of $305.99 million. CoStar Group had a net margin of 17.61% and a return on equity of 7.63%. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.41 EPS. On average, equities research analysts expect that CoStar Group Inc will post 7.13 earnings per share for the current fiscal year.

A number of research analysts recently commented on the stock. Zacks Investment Research upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $401.00 price target on the stock in a research note on Friday, October 26th. Needham & Company LLC upped their price target on shares of CoStar Group from $450.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Citigroup upped their price target on shares of CoStar Group from $425.00 to $490.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. They noted that the move was a valuation call. SunTrust Banks upped their price target on shares of CoStar Group to $475.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $475.00 price target (up previously from $430.00) on shares of CoStar Group in a research note on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $451.44.

In other CoStar Group news, Director Christopher J. Nassetta sold 571 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $349.67, for a total value of $199,661.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.47% of the company’s stock.

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About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.

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

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