CoStar Group (CSGP) Shares Sold by Chicago Equity Partners LLC

Chicago Equity Partners LLC lowered its holdings in shares of CoStar Group (NASDAQ:CSGP) by 52.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,295 shares of the technology company’s stock after selling 4,790 shares during the period. Chicago Equity Partners LLC’s holdings in CoStar Group were worth $1,558,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Picton Mahoney Asset Management raised its holdings in shares of CoStar Group by 1.8% during the 1st quarter. Picton Mahoney Asset Management now owns 22,575 shares of the technology company’s stock worth $8,187,000 after buying an additional 400 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of CoStar Group by 22.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 98,614 shares of the technology company’s stock worth $35,766,000 after buying an additional 18,139 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of CoStar Group by 1.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,579 shares of the technology company’s stock worth $16,893,000 after buying an additional 670 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of CoStar Group by 16.3% during the 1st quarter. Victory Capital Management Inc. now owns 9,168 shares of the technology company’s stock worth $3,325,000 after buying an additional 1,285 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CoStar Group by 5.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,557 shares of the technology company’s stock worth $2,378,000 after buying an additional 338 shares in the last quarter. 97.37% of the stock is owned by institutional investors.

In other CoStar Group news, VP Matthew Linnington sold 7,921 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $348.23, for a total value of $2,758,329.83. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John W. Hill sold 1,150 shares of the company’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $361.28, for a total value of $415,472.00. The disclosure for this sale can be found here. Insiders have sold a total of 63,863 shares of company stock worth $23,271,202 in the last 90 days. 2.47% of the stock is currently owned by corporate insiders.

A number of research firms have recently commented on CSGP. Zacks Investment Research cut CoStar Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 24th. SunTrust Banks boosted their price target on CoStar Group to $410.00 and gave the stock a “buy” rating in a report on Monday, February 5th. ValuEngine upgraded CoStar Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. JPMorgan Chase boosted their price objective on CoStar Group from $350.00 to $353.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 24th. Finally, Needham & Company LLC boosted their price objective on CoStar Group to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, April 24th. One research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $388.45.

Shares of CSGP stock opened at $375.87 on Friday. The firm has a market cap of $14.12 billion, a P/E ratio of 97.12, a PEG ratio of 3.49 and a beta of 1.53. CoStar Group has a twelve month low of $383.44 and a twelve month high of $388.00.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Monday, April 23rd. The technology company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.28. The business had revenue of $274.00 million for the quarter, compared to analyst estimates of $270.56 million. CoStar Group had a return on equity of 6.97% and a net margin of 15.09%. CoStar Group’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS. analysts forecast that CoStar Group will post 6.63 earnings per share for the current fiscal year.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.

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

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