CoStar Group, Inc. $CSGP Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC increased its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 13.8% in the second quarter, HoldingsChannel.com reports. The firm owned 16,504 shares of the technology company’s stock after buying an additional 1,999 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in CoStar Group were worth $1,327,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CSGP. GAMMA Investing LLC raised its holdings in CoStar Group by 28.3% in the 1st quarter. GAMMA Investing LLC now owns 6,335 shares of the technology company’s stock worth $502,000 after purchasing an additional 1,397 shares during the period. Janney Montgomery Scott LLC acquired a new position in CoStar Group in the 1st quarter worth about $4,835,000. Kingswood Wealth Advisors LLC acquired a new position in CoStar Group in the 1st quarter worth about $221,000. Retirement Systems of Alabama raised its holdings in CoStar Group by 2.0% in the 1st quarter. Retirement Systems of Alabama now owns 90,560 shares of the technology company’s stock worth $7,175,000 after purchasing an additional 1,801 shares during the period. Finally, PFG Investments LLC purchased a new position in shares of CoStar Group in the first quarter valued at approximately $234,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Price Performance

NASDAQ:CSGP opened at $74.96 on Tuesday. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. The stock has a market cap of $31.76 billion, a PE ratio of 299.84, a P/E/G ratio of 3.48 and a beta of 0.87. The stock has a 50 day moving average price of $85.12 and a 200 day moving average price of $82.72.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The company had revenue of $781.30 million during the quarter, compared to analysts’ expectations of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. Equities research analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CSGP. Needham & Company LLC raised their target price on CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. BMO Capital Markets raised their target price on CoStar Group from $82.00 to $89.00 and gave the company a “market perform” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada restated a “sector perform” rating and issued a $91.00 target price on shares of CoStar Group in a research report on Thursday, October 9th. Robert W. Baird raised their target price on CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Wolfe Research began coverage on CoStar Group in a report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.15.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 2,033 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the completion of the sale, the chief accounting officer owned 25,771 shares of the company’s stock, valued at $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $90.33, for a total value of $2,258,250.00. Following the sale, the insider directly owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. This trade represents a 7.86% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,033 shares of company stock valued at $4,777,764. 1.09% of the stock is owned by insiders.

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.