KP Management LLC Increases Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

KP Management LLC lifted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 84.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,500 shares of the technology company’s stock after buying an additional 19,000 shares during the period. KP Management LLC’s holdings in CoStar Group were worth $3,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CSGP. Mattern Capital Management LLC boosted its position in CoStar Group by 25.1% in the third quarter. Mattern Capital Management LLC now owns 7,690 shares of the technology company’s stock worth $580,000 after purchasing an additional 1,541 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of CoStar Group by 60.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,975 shares of the technology company’s stock worth $1,281,000 after purchasing an additional 6,386 shares during the period. Forsta AP Fonden boosted its holdings in shares of CoStar Group by 9.0% in the third quarter. Forsta AP Fonden now owns 82,000 shares of the technology company’s stock worth $6,186,000 after buying an additional 6,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in CoStar Group by 7.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,898 shares of the technology company’s stock valued at $9,369,000 after buying an additional 8,698 shares during the period. Finally, Mediolanum International Funds Ltd grew its position in CoStar Group by 14.9% during the third quarter. Mediolanum International Funds Ltd now owns 161,913 shares of the technology company’s stock valued at $12,125,000 after buying an additional 20,942 shares during the period. Institutional investors own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CSGP. JPMorgan Chase & Co. decreased their price target on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Bank of America lowered their target price on CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Citigroup reduced their price target on CoStar Group from $97.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods lowered their price objective on CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Robert W. Baird cut their price objective on CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and an average target price of $93.25.

CoStar Group Trading Up 0.8 %

CoStar Group stock opened at $74.48 on Monday. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $100.38. The firm’s 50 day moving average price is $76.46 and its 200-day moving average price is $78.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27. The stock has a market cap of $30.41 billion, a P/E ratio of 102.03 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. CoStar Group had a net margin of 6.57% and a return on equity of 3.54%. The company had revenue of $692.60 million for the quarter, compared to the consensus estimate of $695.91 million. During the same period in the previous year, the firm posted $0.25 EPS. CoStar Group’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts predict that CoStar Group, Inc. will post 0.49 earnings per share for the current fiscal year.

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.