Kaizen Advisory LLC Trims Position in CoStar Group Inc (CSGP)

Kaizen Advisory LLC decreased its stake in shares of CoStar Group Inc (NASDAQ:CSGP) by 16.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,991 shares of the technology company’s stock after selling 381 shares during the period. Kaizen Advisory LLC’s holdings in CoStar Group were worth $671,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its position in CoStar Group by 7.0% during the 4th quarter. BlackRock Inc. now owns 3,061,248 shares of the technology company’s stock worth $1,032,680,000 after buying an additional 200,620 shares in the last quarter. Vanguard Group Inc lifted its position in CoStar Group by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 3,047,482 shares of the technology company’s stock worth $1,282,503,000 after buying an additional 9,345 shares in the last quarter. Marshall Wace North America L.P. lifted its position in CoStar Group by 16.4% during the 3rd quarter. Marshall Wace North America L.P. now owns 548,194 shares of the technology company’s stock worth $230,702,000 after buying an additional 77,373 shares in the last quarter. JPMorgan Chase & Co. lifted its position in CoStar Group by 73.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 478,297 shares of the technology company’s stock worth $201,288,000 after buying an additional 202,743 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in CoStar Group by 100.6% during the 4th quarter. Mackenzie Financial Corp now owns 423,354 shares of the technology company’s stock worth $142,814,000 after buying an additional 212,278 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

CSGP has been the topic of several research reports. SunTrust Banks upped their price target on shares of CoStar Group to $460.00 and gave the stock a “positive” rating in a research report on Wednesday, February 27th. Wells Fargo & Co upped their price target on shares of CoStar Group from $475.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 27th. ValuEngine upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. B. Riley upped their target price on shares of CoStar Group from $460.00 to $512.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Finally, Bank of America restated a “buy” rating and set a $460.00 target price (up from $429.00) on shares of CoStar Group in a research report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $457.22.

CoStar Group stock traded up $2.59 during trading hours on Monday, reaching $467.67. 520 shares of the company’s stock traded hands, compared to its average volume of 241,633. CoStar Group Inc has a fifty-two week low of $315.85 and a fifty-two week high of $484.92. The company has a market cap of $16.95 billion, a PE ratio of 62.75, a PEG ratio of 3.08 and a beta of 1.46.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, February 26th. The technology company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.28. CoStar Group had a net margin of 20.00% and a return on equity of 9.30%. The company had revenue of $315.57 million for the quarter, compared to the consensus estimate of $310.19 million. During the same period in the prior year, the company posted $1.25 EPS. The company’s revenue was up 24.2% compared to the same quarter last year. On average, research analysts expect that CoStar Group Inc will post 9.03 earnings per share for the current fiscal year.

In related news, insider Andrew C. Florance sold 55,322 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $473.38, for a total value of $26,188,328.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Scott T. Wheeler sold 5,396 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $476.11, for a total transaction of $2,569,089.56. The disclosure for this sale can be found here. Insiders sold a total of 66,461 shares of company stock worth $31,346,029 over the last quarter. 2.47% of the stock is currently owned by corporate insiders.

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CoStar Group Company Profile

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 provides inventory of office, industrial, retail, and multifamily properties and land.

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

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