CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Greenleaf Trust

Greenleaf Trust decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 37.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,139 shares of the technology company’s stock after selling 1,875 shares during the period. Greenleaf Trust’s holdings in CoStar Group were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Deutsche Bank AG increased its stake in CoStar Group by 37.1% in the 3rd quarter. Deutsche Bank AG now owns 739,725 shares of the technology company’s stock valued at $56,877,000 after buying an additional 200,183 shares during the period. Simplicity Solutions LLC increased its stake in shares of CoStar Group by 5.7% in the fourth quarter. Simplicity Solutions LLC now owns 7,971 shares of the technology company’s stock worth $697,000 after acquiring an additional 431 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of CoStar Group by 22.7% during the third quarter. Wellington Management Group LLP now owns 3,580,549 shares of the technology company’s stock worth $275,308,000 after acquiring an additional 662,592 shares in the last quarter. LPL Financial LLC raised its holdings in shares of CoStar Group by 16.8% during the third quarter. LPL Financial LLC now owns 86,580 shares of the technology company’s stock worth $6,657,000 after acquiring an additional 12,422 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in CoStar Group by 6.0% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,559 shares of the technology company’s stock valued at $351,000 after purchasing an additional 260 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CSGP. Stephens reaffirmed an “overweight” rating and set a $105.00 price target on shares of CoStar Group in a research note on Wednesday. Citigroup raised their price objective on shares of CoStar Group from $90.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods boosted their target price on shares of CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Jefferies Financial Group lifted their price objective on shares of CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Finally, William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and an average target price of $102.15.

CoStar Group Stock Up 8.7 %

NASDAQ CSGP opened at $91.95 on Thursday. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The stock has a market cap of $37.55 billion, a PE ratio of 125.96, a PEG ratio of 9.73 and a beta of 0.84. The firm has a 50-day simple moving average of $89.40 and a 200 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 (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a return on equity of 4.97% and a net margin of 11.64%. The company had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. During the same quarter last year, the company earned $0.35 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts forecast that CoStar Group, Inc. will post 0.44 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.