First Bank & Trust Sells 440 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

First Bank & Trust lessened its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,223 shares of the technology company’s stock after selling 440 shares during the period. First Bank & Trust’s holdings in CoStar Group were worth $1,752,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of CoStar Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 65,451,499 shares of the technology company’s stock valued at $6,322,615,000 after buying an additional 541,700 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of CoStar Group by 17.7% in the 1st quarter. Janus Henderson Group PLC now owns 11,808,027 shares of the technology company’s stock worth $1,140,650,000 after purchasing an additional 1,773,564 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of CoStar Group by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,117,260 shares of the technology company’s stock worth $453,534,000 after purchasing an additional 124,761 shares during the last quarter. Blair William & Co. IL raised its position in shares of CoStar Group by 0.6% in the 1st quarter. Blair William & Co. IL now owns 4,419,778 shares of the technology company’s stock worth $426,951,000 after purchasing an additional 26,800 shares during the last quarter. Finally, Vulcan Value Partners LLC raised its position in shares of CoStar Group by 90.1% in the 2nd quarter. Vulcan Value Partners LLC now owns 4,138,987 shares of the technology company’s stock worth $306,831,000 after purchasing an additional 1,961,917 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

CSGP has been the subject of several recent analyst reports. Bank of America lowered their price target on CoStar Group from $111.00 to $89.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Needham & Company LLC lowered their price target on CoStar Group from $107.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup decreased their target price on CoStar Group from $97.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods decreased their target price on CoStar Group from $109.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, BMO Capital Markets decreased their target price on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a research report on Thursday. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and a consensus price target of $93.25.

CoStar Group Stock Performance

Shares of CoStar Group stock traded up $0.57 during trading hours on Friday, reaching $74.48. 4,795,674 shares of the stock traded hands, compared to its average volume of 2,351,629. The company has a 50 day moving average price of $76.46 and a 200 day moving average price of $79.02. The firm has a market capitalization of $30.52 billion, a price-to-earnings ratio of 169.28 and a beta of 0.81. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $692.60 million during the quarter, compared to the consensus estimate of $695.91 million. CoStar Group had a return on equity of 3.54% and a net margin of 6.57%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. On average, equities research analysts expect that CoStar Group, Inc. will post 0.49 earnings per share for the current fiscal 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.