Handelsbanken Fonder AB Has $9.11 Million Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Handelsbanken Fonder AB trimmed its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 42.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 104,183 shares of the technology company’s stock after selling 75,644 shares during the period. Handelsbanken Fonder AB’s holdings in CoStar Group were worth $9,105,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CSGP. Blue Trust Inc. increased its position in CoStar Group by 125.4% in the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock worth $27,000 after buying an additional 173 shares during the period. Pinnacle Bancorp Inc. bought a new position in CoStar Group in the 4th quarter worth approximately $37,000. CVA Family Office LLC bought a new position in CoStar Group in the 4th quarter worth approximately $60,000. KB Financial Partners LLC increased its position in CoStar Group by 17.9% in the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after buying an additional 124 shares during the period. Finally, Lindbrook Capital LLC increased its position in shares of CoStar Group by 78.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,224 shares of the technology company’s stock valued at $107,000 after purchasing an additional 540 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CSGP shares. Royal Bank of Canada boosted their price objective on CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Bank of America boosted their price target on CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Needham & Company LLC boosted their price target on CoStar Group from $90.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday. BTIG Research initiated coverage on CoStar Group in a research note on Friday, January 19th. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group boosted their price target on CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.15.

CoStar Group Trading Up 8.7 %

NASDAQ CSGP opened at $91.95 on Thursday. CoStar Group, Inc. has a 12 month low of $67.35 and a 12 month high of $100.38. The stock has a 50-day simple moving average of $89.40 and a 200 day simple moving average of $84.64. The company has a market capitalization of $37.55 billion, a PE ratio of 125.96, a P/E/G ratio of 9.73 and a beta of 0.84. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts forecast that CoStar Group, Inc. will post 0.44 EPS for the current year.

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.