Ownership Capital B.V. Sells 308,585 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Ownership Capital B.V. lessened its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 17.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,443,179 shares of the technology company’s stock after selling 308,585 shares during the quarter. CoStar Group accounts for approximately 3.5% of Ownership Capital B.V.’s investment portfolio, making the stock its 16th biggest holding. Ownership Capital B.V.’s holdings in CoStar Group were worth $108,873,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its stake in CoStar Group by 24.1% in the 3rd quarter. Assetmark Inc. now owns 68,659 shares of the technology company’s stock valued at $5,180,000 after buying an additional 13,320 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of CoStar Group by 9.9% in the 3rd quarter. Fiera Capital Corp now owns 88,967 shares of the technology company’s stock valued at $6,712,000 after acquiring an additional 8,004 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of CoStar Group by 11.3% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 318,616 shares of the technology company’s stock valued at $24,036,000 after acquiring an additional 32,290 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of CoStar Group by 22.6% in the third quarter. QRG Capital Management Inc. now owns 22,945 shares of the technology company’s stock valued at $1,731,000 after acquiring an additional 4,235 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in CoStar Group by 12.9% during the third quarter. Asset Management One Co. Ltd. now owns 282,828 shares of the technology company’s stock worth $21,337,000 after acquiring an additional 32,302 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Activity at CoStar Group

In other CoStar Group news, Director Michael R. Klein sold 71,633 shares of CoStar Group stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $74.69, for a total value of $5,350,268.77. Following the completion of the sale, the director now owns 1,913,501 shares in the company, valued at $142,919,389.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew C. Florance bought 14,731 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was purchased at an average cost of $74.67 per share, for a total transaction of $1,099,963.77. Following the transaction, the chief executive officer now owns 1,263,098 shares in the company, valued at $94,315,527.66. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael R. Klein sold 71,633 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $74.69, for a total value of $5,350,268.77. Following the completion of the transaction, the director now owns 1,913,501 shares in the company, valued at $142,919,389.69. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.

CoStar Group Trading Up 1.4 %

Shares of NASDAQ:CSGP opened at $77.39 on Friday. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $100.38. The business has a 50 day moving average of $76.06 and a 200-day moving average of $78.06. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a market cap of $31.73 billion, a PE ratio of 175.89 and a beta of 0.82.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $692.60 million for the quarter, compared to analyst estimates of $695.91 million. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. As a group, equities research analysts forecast that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Citigroup decreased their price target on CoStar Group from $97.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. JMP Securities reissued a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a research note on Friday, September 6th. StockNews.com downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Robert W. Baird cut their price target on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group decreased their price objective on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.25.

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.