New York State Common Retirement Fund Sells 39,131 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

New York State Common Retirement Fund lessened its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,801 shares of the technology company’s stock after selling 39,131 shares during the quarter. New York State Common Retirement Fund’s holdings in CoStar Group were worth $40,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CSGP. KB Financial Partners LLC lifted its holdings in CoStar Group by 17.9% during the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after purchasing an additional 124 shares in the last quarter. Wealth Alliance boosted its position in shares of CoStar Group by 3.0% during the 4th quarter. Wealth Alliance now owns 4,539 shares of the technology company’s stock valued at $397,000 after acquiring an additional 132 shares during the last quarter. Keybank National Association OH boosted its position in shares of CoStar Group by 0.6% during the 3rd quarter. Keybank National Association OH now owns 21,159 shares of the technology company’s stock valued at $1,627,000 after acquiring an additional 133 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in shares of CoStar Group by 2.8% during the 3rd quarter. HBK Sorce Advisory LLC now owns 4,978 shares of the technology company’s stock valued at $383,000 after acquiring an additional 135 shares during the last quarter. Finally, Certuity LLC boosted its position in shares of CoStar Group by 4.8% during the 3rd quarter. Certuity LLC now owns 3,257 shares of the technology company’s stock valued at $250,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Up 8.7 %

Shares of NASDAQ:CSGP opened at $91.95 on Thursday. The company has a market cap of $37.55 billion, a P/E ratio of 125.96, a PEG ratio of 9.73 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.01 and a quick ratio of 12.01. CoStar Group, Inc. has a 1 year low of $67.35 and a 1 year high of $100.38. The stock’s fifty day moving average price is $89.40 and its 200-day moving average price is $84.64.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a return on equity of 4.97% and a net margin of 11.64%. CoStar Group’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. Sell-side analysts expect that CoStar Group, Inc. will post 0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CSGP shares. BMO Capital Markets lifted their price target on CoStar Group from $79.00 to $84.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. Stephens reiterated an “overweight” rating and set a $105.00 price target on shares of CoStar Group in a research report on Wednesday. Robert W. Baird lifted their price target on CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Royal Bank of Canada lifted their price target on CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Finally, JMP Securities restated a “market outperform” rating and issued a $110.00 target price on shares of CoStar Group in a research report on Friday, April 12th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.15.

About CoStar Group

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.