Lindbrook Capital LLC Buys 540 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Lindbrook Capital LLC lifted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 78.9% in the 4th quarter, HoldingsChannel reports. The fund owned 1,224 shares of the technology company’s stock after purchasing an additional 540 shares during the quarter. Lindbrook Capital LLC’s holdings in CoStar Group were worth $107,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CSGP. Blue Trust Inc. raised its holdings in CoStar Group by 125.4% in the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock worth $27,000 after purchasing an additional 173 shares in the last quarter. Pinnacle Bancorp Inc. bought a new position in shares of CoStar Group during the 4th quarter worth approximately $37,000. CVA Family Office LLC acquired a new stake in CoStar Group in the fourth quarter valued at approximately $60,000. KB Financial Partners LLC grew its holdings in CoStar Group by 17.9% in the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after purchasing an additional 124 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. grew its holdings in CoStar Group by 230.2% in the third quarter. China Universal Asset Management Co. Ltd. now owns 1,522 shares of the technology company’s stock worth $117,000 after purchasing an additional 1,061 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Trading Up 8.7 %

Shares of CoStar Group stock opened at $91.95 on Thursday. The firm has a 50-day simple moving average of $89.40 and a two-hundred day simple moving average of $84.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The company has a market cap of $37.55 billion, a P/E ratio of 125.96, a price-to-earnings-growth ratio of 9.73 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company 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 4.97% and a net margin of 11.64%. CoStar Group’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. As a group, equities analysts predict that CoStar Group, Inc. will post 0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on CSGP shares. Keefe, Bruyette & Woods increased their price objective on CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. The Goldman Sachs Group raised their price target on CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Robert W. Baird boosted their price target on CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Wednesday. Finally, Citigroup boosted their target price on shares of CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $102.15.

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.