Vontobel Holding Ltd. Has $2.02 Million Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Vontobel Holding Ltd. raised its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 23,097 shares of the technology company’s stock after acquiring an additional 691 shares during the period. Vontobel Holding Ltd.’s holdings in CoStar Group were worth $2,018,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CSGP. Norges Bank acquired a new position in shares of CoStar Group during the fourth quarter worth $320,866,000. Mackenzie Financial Corp boosted its position in CoStar Group by 343.8% during the first quarter. Mackenzie Financial Corp now owns 2,913,586 shares of the technology company’s stock valued at $194,074,000 after acquiring an additional 2,257,140 shares during the last quarter. Capital International Investors bought a new position in shares of CoStar Group during the 1st quarter worth about $101,893,000. Renaissance Technologies LLC bought a new position in shares of CoStar Group during the 1st quarter worth about $94,633,000. Finally, Wellington Management Group LLP boosted its position in shares of CoStar Group by 51.3% during the 1st quarter. Wellington Management Group LLP now owns 3,477,341 shares of the technology company’s stock worth $231,626,000 after purchasing an additional 1,178,764 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Price Performance

CSGP stock opened at $84.18 on Friday. CoStar Group, Inc. has a 12-month low of $67.35 and a 12-month high of $100.38. 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 firm’s 50-day moving average price is $89.08 and its two-hundred day moving average price is $84.34. The stock has a market capitalization of $34.38 billion, a price-to-earnings ratio of 91.50, a PEG ratio of 9.82 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. CoStar Group’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, equities analysts predict that CoStar Group, Inc. will post 0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Citigroup raised their price objective on shares of CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Royal Bank of Canada raised their price objective on shares of CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Bank of America raised their price target on shares of CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Needham & Company LLC cut their price target 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. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.08.

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.