SlateStone Wealth LLC Has $1.06 Million Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

SlateStone Wealth LLC raised its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,174 shares of the technology company’s stock after purchasing an additional 282 shares during the period. SlateStone Wealth LLC’s holdings in CoStar Group were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CSGP. Deutsche Bank AG raised its position in shares of CoStar Group by 37.1% in the 3rd quarter. Deutsche Bank AG now owns 739,725 shares of the technology company’s stock valued at $56,877,000 after acquiring an additional 200,183 shares during the period. Simplicity Solutions LLC raised its position in shares of CoStar Group by 5.7% in the 4th quarter. Simplicity Solutions LLC now owns 7,971 shares of the technology company’s stock valued at $697,000 after acquiring an additional 431 shares during the period. Wellington Management Group LLP raised its position in shares of CoStar Group by 22.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,580,549 shares of the technology company’s stock valued at $275,308,000 after acquiring an additional 662,592 shares during the period. LPL Financial LLC raised its position in shares of CoStar Group by 16.8% in the 3rd quarter. LPL Financial LLC now owns 86,580 shares of the technology company’s stock valued at $6,657,000 after acquiring an additional 12,422 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of CoStar Group by 6.0% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,559 shares of the technology company’s stock valued at $351,000 after acquiring an additional 260 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Price Performance

CoStar Group stock traded down $0.06 during midday trading on Tuesday, reaching $85.25. The company’s stock had a trading volume of 1,210,148 shares, compared to its average volume of 2,137,681. CoStar Group, Inc. has a 52 week low of $67.35 and a 52 week high of $100.38. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $89.15 and a 200-day moving average price of $84.56. The stock has a market cap of $34.82 billion, a PE ratio of 92.73, a price-to-earnings-growth ratio of 9.69 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The firm had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $634.27 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, sell-side analysts predict that CoStar Group, Inc. will post 0.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CSGP shares. Jefferies Financial Group increased their price target on shares of CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Citigroup increased their target price on CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Royal Bank of Canada increased their target price on CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Robert W. Baird increased their target price on CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Finally, BMO Capital Markets raised their price target on shares of CoStar Group from $79.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.50.

CoStar Group Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.