Fifth Third Bancorp Buys 403 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Fifth Third Bancorp increased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 16.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,826 shares of the technology company’s stock after buying an additional 403 shares during the period. Fifth Third Bancorp’s holdings in CoStar Group were worth $2,398,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Raymond James & Associates raised its stake in CoStar Group by 21.1% in the 2nd quarter. Raymond James & Associates now owns 25,576 shares of the technology company’s stock worth $18,176,000 after purchasing an additional 4,459 shares in the last quarter. Exane Derivatives raised its stake in CoStar Group by 11,650.0% in the 3rd quarter. Exane Derivatives now owns 470 shares of the technology company’s stock worth $399,000 after purchasing an additional 466 shares in the last quarter. Putnam FL Investment Management Co. acquired a new stake in CoStar Group in the 2nd quarter worth about $225,000. Alberta Investment Management Corp raised its stake in CoStar Group by 64.6% in the 3rd quarter. Alberta Investment Management Corp now owns 13,000 shares of the technology company’s stock worth $11,031,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Atom Investors LP acquired a new stake in CoStar Group in the 2nd quarter worth about $942,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

In other CoStar Group news, CEO Andrew C. Florance sold 15,584 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $848.16, for a total transaction of $13,217,725.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Lisa Ruggles sold 7,596 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $870.00, for a total transaction of $6,608,520.00. The disclosure for this sale can be found here. 2.14% of the stock is owned by corporate insiders.

CSGP stock opened at $892.06 on Friday. The company has a 50 day simple moving average of $866.95 and a 200 day simple moving average of $776.82. The stock has a market cap of $35.16 billion, a price-to-earnings ratio of 119.74 and a beta of 0.99. CoStar Group, Inc. has a 1 year low of $500.24 and a 1 year high of $939.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 16.35 and a quick ratio of 16.35.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 27th. The technology company reported $2.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.46. CoStar Group had a net margin of 17.57% and a return on equity of 7.58%. On average, equities research analysts anticipate that CoStar Group, Inc. will post 8.34 EPS for the current fiscal year.

CSGP has been the subject of several analyst reports. Robert W. Baird lifted their price objective on shares of CoStar Group from $780.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. Zacks Investment Research upgraded shares of CoStar Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Citigroup boosted their target price on shares of CoStar Group from $815.00 to $1,000.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. SunTrust Banks boosted their target price on shares of CoStar Group from $695.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, B. Riley boosted their target price on shares of CoStar Group from $730.00 to $810.00 in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. CoStar Group has a consensus rating of “Buy” and an average price target of $859.46.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily, and student housing properties and land.

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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