Bleakley Financial Group LLC Raises Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Bleakley Financial Group LLC boosted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 5.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,971 shares of the technology company’s stock after acquiring an additional 431 shares during the period. Bleakley Financial Group LLC’s holdings in CoStar Group were worth $697,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Deutsche Bank AG raised its position in shares of CoStar Group by 37.1% in the third quarter. Deutsche Bank AG now owns 739,725 shares of the technology company’s stock valued at $56,877,000 after buying an additional 200,183 shares during the last quarter. Wellington Management Group LLP grew its stake in 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 worth $275,308,000 after acquiring an additional 662,592 shares during the period. LPL Financial LLC raised its holdings in 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 last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of CoStar Group by 6.0% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,559 shares of the technology company’s stock worth $351,000 after purchasing an additional 260 shares during the period. Finally, Fred Alger Management LLC boosted its holdings in shares of CoStar Group by 9.0% during the third quarter. Fred Alger Management LLC now owns 439,295 shares of the technology company’s stock worth $33,777,000 after purchasing an additional 36,091 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CSGP shares. Keefe, Bruyette & Woods upped their target price on CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday. Citigroup upped their price objective on shares of CoStar Group from $90.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Jefferies Financial Group boosted their target price on shares of CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday. BMO Capital Markets dropped their price target on shares of CoStar Group from $84.00 to $79.00 and set a “market perform” rating for the company in a research report on Thursday, February 22nd. Finally, Royal Bank of Canada lifted their price target on shares of CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.08.

CoStar Group Price Performance

CSGP opened at $90.34 on Friday. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The firm has a market cap of $36.90 billion, a price-to-earnings ratio of 98.20, a PEG ratio of 10.48 and a beta of 0.84. 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 company has a fifty day simple moving average of $88.86 and a 200 day simple moving average of $84.08.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping 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 business had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. During the same period in the previous year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts expect that CoStar Group, Inc. will post 0.44 EPS 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.