CoStar Group, Inc. (NASDAQ:CSGP) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 55.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,374 shares of the technology company’s stock after buying an additional 488 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in CoStar Group were worth $104,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vulcan Value Partners LLC grew its position in shares of CoStar Group by 90.1% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,138,987 shares of the technology company’s stock valued at $306,831,000 after buying an additional 1,961,917 shares during the last quarter. Janus Henderson Group PLC boosted its stake in CoStar Group by 17.7% in the first quarter. Janus Henderson Group PLC now owns 11,808,027 shares of the technology company’s stock valued at $1,140,650,000 after acquiring an additional 1,773,564 shares during the period. Select Equity Group L.P. bought a new position in shares of CoStar Group during the second quarter valued at approximately $60,761,000. Renaissance Technologies LLC acquired a new stake in shares of CoStar Group during the 2nd quarter worth approximately $46,692,000. Finally, Vanguard Group Inc. lifted its holdings in shares of CoStar Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 65,451,499 shares of the technology company’s stock worth $6,322,615,000 after purchasing an additional 541,700 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Ratings Changes

CSGP has been the topic of several analyst reports. Robert W. Baird dropped their target price on CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Needham & Company LLC cut their price objective on shares of CoStar Group from $107.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank of Canada lowered shares of CoStar Group from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $96.00 to $83.00 in a research note on Wednesday. Finally, The Goldman Sachs Group decreased their price objective on CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

CoStar Group Price Performance

NASDAQ:CSGP opened at $72.82 on Thursday. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $76.46 and its 200 day moving average price is $79.20. CoStar Group, Inc. has a 52-week low of $67.35 and a 52-week high of $100.38. The firm has a market cap of $29.74 billion, a P/E ratio of 99.75 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The company had revenue of $692.60 million for the quarter, compared to analysts’ expectations of $695.91 million. During the same quarter in the previous year, the company posted $0.25 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that CoStar Group, Inc. will post 0.49 earnings per share for the current fiscal year.

CoStar Group Company 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.