Amundi Grows Position in CoStar Group, Inc. (NASDAQ:CSGP)

Amundi boosted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 30.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,810,540 shares of the technology company’s stock after acquiring an additional 650,454 shares during the period. Amundi owned about 0.69% of CoStar Group worth $200,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in CSGP. Assetmark Inc. boosted its stake in shares of CoStar Group by 24.1% during the third quarter. Assetmark Inc. now owns 68,659 shares of the technology company’s stock valued at $5,180,000 after purchasing an additional 13,320 shares in the last quarter. Kampmann Melissa S. lifted its holdings in CoStar Group by 1.5% during the third quarter. Kampmann Melissa S. now owns 23,415 shares of the technology company’s stock worth $1,766,000 after buying an additional 350 shares during the period. TimesSquare Capital Management LLC boosted its position in CoStar Group by 6.4% during the 3rd quarter. TimesSquare Capital Management LLC now owns 734,366 shares of the technology company’s stock valued at $55,401,000 after acquiring an additional 44,405 shares in the last quarter. YCG LLC increased its holdings in shares of CoStar Group by 1.5% in the 3rd quarter. YCG LLC now owns 451,973 shares of the technology company’s stock valued at $34,097,000 after acquiring an additional 6,764 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of CoStar Group in the 3rd quarter worth $4,363,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

CSGP has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped their price objective on CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Craig Hallum initiated coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued a “buy” rating on the stock. Stephens reissued an “overweight” rating and set a $103.00 target price on shares of CoStar Group in a research report on Tuesday, February 18th. Citigroup lowered their target price on shares of CoStar Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their price target on CoStar Group from $99.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.07.

CoStar Group Trading Up 3.3 %

Shares of NASDAQ:CSGP opened at $79.39 on Monday. The company has a quick ratio of 9.63, a current ratio of 8.96 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38. The stock has a market cap of $32.56 billion, a price-to-earnings ratio of 226.83 and a beta of 0.93. The business has a 50-day moving average price of $74.73 and a 200-day moving average price of $75.63.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $709.40 million during the quarter, compared to analyst estimates of $703.00 million. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. Equities analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.