CoStar Group, Inc. (NASDAQ:CSGP) Shares Purchased by Simplicity Solutions LLC

Simplicity Solutions LLC increased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,971 shares of the technology company’s stock after purchasing an additional 431 shares during the period. Simplicity Solutions LLC’s holdings in CoStar Group were worth $697,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CSGP. Deutsche Bank AG raised its holdings in CoStar Group by 37.1% in the 3rd quarter. Deutsche Bank AG now owns 739,725 shares of the technology company’s stock valued at $56,877,000 after acquiring an additional 200,183 shares during the last quarter. Wellington Management Group LLP raised its holdings 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 valued at $275,308,000 after acquiring an additional 662,592 shares during the last quarter. 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. raised its holdings in CoStar Group by 6.0% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,559 shares of the technology company’s stock valued at $351,000 after acquiring an additional 260 shares during the last quarter. Finally, Fred Alger Management LLC raised its holdings in CoStar Group by 9.0% in the 3rd quarter. Fred Alger Management LLC now owns 439,295 shares of the technology company’s stock valued at $33,777,000 after acquiring an additional 36,091 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $85.46 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01. The stock has a market capitalization of $34.90 billion, a P/E ratio of 92.89, a PEG ratio of 9.92 and a beta of 0.84. The company has a 50 day moving average price of $89.03 and a 200 day moving average price of $84.34. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38.

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, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $634.27 million. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. Equities research analysts forecast that CoStar Group, Inc. will post 0.44 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on CSGP shares. Needham & Company LLC cut their price objective on shares of CoStar Group from $105.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Robert W. Baird increased their price target on shares of CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. 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 note on Thursday, February 22nd. BTIG Research assumed coverage on shares of CoStar Group in a research note on Friday, January 19th. They issued a “neutral” rating for the company. Finally, Bank of America increased their price target on shares of CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.08.

CoStar Group 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.