Toronto Dominion Bank Raises Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Toronto Dominion Bank boosted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 63.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 204,990 shares of the technology company’s stock after buying an additional 79,582 shares during the period. Toronto Dominion Bank owned approximately 0.05% of CoStar Group worth $15,198,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Crewe Advisors LLC bought a new position in shares of CoStar Group in the first quarter worth about $31,000. Riverview Trust Co bought a new stake in shares of CoStar Group during the first quarter valued at approximately $35,000. RiverPark Advisors LLC acquired a new stake in shares of CoStar Group during the first quarter worth $37,000. Connectus Wealth LLC grew its stake in CoStar Group by 915.0% during the 4th quarter. Connectus Wealth LLC now owns 518,633 shares of the technology company’s stock valued at $45,000 after purchasing an additional 467,534 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. purchased a new position in CoStar Group during the 2nd quarter worth approximately $49,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSGP has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price target on CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $96.00 price objective on shares of CoStar Group in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price target on shares of CoStar Group from $102.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Robert W. Baird decreased their price target on CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, StockNews.com cut CoStar Group from a “hold” rating to a “sell” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.38.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $74.73 on Friday. CoStar Group, Inc. has a 1-year low of $67.35 and a 1-year high of $100.38. The firm has a 50 day simple moving average of $76.29 and a 200-day simple moving average of $81.70. The firm has a market cap of $30.52 billion, a PE ratio of 102.37 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06. The business had revenue of $677.80 million for the quarter, compared to analysts’ expectations of $677.18 million. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. On average, equities analysts expect that CoStar Group, Inc. will post 0.49 EPS for the current year.

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.