XTX Topco Ltd acquired a new stake in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 33,633 shares of the technology company’s stock, valued at approximately $2,704,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of CSGP. NewSquare Capital LLC raised its holdings in shares of CoStar Group by 35.6% during the second quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock valued at $33,000 after buying an additional 108 shares during the last quarter. Emerald Advisers LLC raised its stake in CoStar Group by 1.9% during the 2nd quarter. Emerald Advisers LLC now owns 5,763 shares of the technology company’s stock valued at $463,000 after acquiring an additional 110 shares in the last quarter. Empirical Finance LLC boosted its position in CoStar Group by 1.4% during the 2nd quarter. Empirical Finance LLC now owns 8,376 shares of the technology company’s stock worth $673,000 after acquiring an additional 114 shares during the period. Wallace Advisory Group LLC boosted its position in CoStar Group by 2.5% during the 2nd quarter. Wallace Advisory Group LLC now owns 5,201 shares of the technology company’s stock worth $412,000 after acquiring an additional 126 shares during the period. Finally, STF Management LP grew its stake in shares of CoStar Group by 2.1% in the second quarter. STF Management LP now owns 6,269 shares of the technology company’s stock worth $504,000 after purchasing an additional 128 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.
CoStar Group Stock Down 2.0%
Shares of CoStar Group stock opened at $67.82 on Thursday. CoStar Group, Inc. has a 12-month low of $63.82 and a 12-month high of $97.43. The firm has a market capitalization of $28.74 billion, a PE ratio of 1,356.40, a price-to-earnings-growth ratio of 3.32 and a beta of 0.86. The company has a quick ratio of 5.83, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average is $75.22 and its 200-day moving average is $81.25.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on CSGP shares. Jefferies Financial Group upgraded shares of CoStar Group to a “hold” rating in a research note on Wednesday, October 29th. Wells Fargo & Company set a $60.00 target price on shares of CoStar Group and gave the company an “underweight” rating in a research note on Monday, November 17th. Wolfe Research began coverage on shares of CoStar Group in a research note on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 price target for the company. BTIG Research assumed coverage on shares of CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating for the company. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.38.
View Our Latest Report on CSGP
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.
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