Brown Advisory Inc. Has $5.25 Million Stake in CoStar Group, Inc. (CSGP)

Brown Advisory Inc. reduced its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 50.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,574 shares of the technology company’s stock after selling 19,885 shares during the quarter. Brown Advisory Inc. owned 0.05% of CoStar Group worth $5,251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in shares of CoStar Group during the second quarter valued at about $188,000. State of Wisconsin Investment Board boosted its holdings in CoStar Group by 33.7% during the second quarter. State of Wisconsin Investment Board now owns 27,761 shares of the technology company’s stock worth $7,318,000 after purchasing an additional 7,000 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in CoStar Group during the second quarter worth about $2,515,000. Victory Capital Management Inc. boosted its holdings in CoStar Group by 21.5% during the second quarter. Victory Capital Management Inc. now owns 6,802 shares of the technology company’s stock worth $1,793,000 after purchasing an additional 1,202 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in CoStar Group by 13.9% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 9,324 shares of the technology company’s stock worth $2,458,000 after purchasing an additional 1,135 shares during the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Several research firms recently weighed in on CSGP. SunTrust Banks restated a “buy” rating and set a $310.00 price target on shares of CoStar Group in a report on Wednesday, September 13th. Bank of America restated a “buy” rating and set a $306.00 price target on shares of CoStar Group in a report on Thursday, October 5th. Goldman Sachs Group began coverage on shares of CoStar Group in a report on Wednesday, November 8th. They set a “buy” rating and a $359.00 price target on the stock. Zacks Investment Research cut shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, BidaskClub cut shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Saturday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $332.75.

CoStar Group, Inc. (NASDAQ:CSGP) opened at $292.59 on Wednesday. CoStar Group, Inc. has a twelve month low of $183.20 and a twelve month high of $314.73. The firm has a market cap of $10,690.75, a PE ratio of 74.13, a P/E/G ratio of 4.43 and a beta of 1.55. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.15.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.13 by $0.28. The business had revenue of $248.00 million for the quarter, compared to analyst estimates of $243.44 million. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share. analysts predict that CoStar Group, Inc. will post 3.99 EPS for the current year.

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CoStar Group Profile

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.

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

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