Vantage Investment Partners LLC Acquires 100,127 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Vantage Investment Partners LLC lifted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 24.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 505,016 shares of the technology company’s stock after acquiring an additional 100,127 shares during the period. CoStar Group makes up approximately 3.2% of Vantage Investment Partners LLC’s portfolio, making the stock its 11th largest position. Vantage Investment Partners LLC owned approximately 0.12% of CoStar Group worth $38,098,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CSGP. Empowered Funds LLC boosted its stake in shares of CoStar Group by 54.7% during the 1st quarter. Empowered Funds LLC now owns 6,874 shares of the technology company’s stock worth $664,000 after acquiring an additional 2,431 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of CoStar Group by 4.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company’s stock worth $242,000 after buying an additional 112 shares during the last quarter. QRG Capital Management Inc. grew its holdings in CoStar Group by 8.2% during the 1st quarter. QRG Capital Management Inc. now owns 16,222 shares of the technology company’s stock valued at $1,567,000 after purchasing an additional 1,225 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in CoStar Group by 16.1% during the 1st quarter. Russell Investments Group Ltd. now owns 401,314 shares of the technology company’s stock valued at $38,750,000 after purchasing an additional 55,763 shares during the last quarter. Finally, Avantax Advisory Services Inc. bought a new position in CoStar Group during the 1st quarter valued at about $217,000. Institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Royal Bank of Canada cut shares of CoStar Group from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $96.00 to $83.00 in a research report on Wednesday, October 23rd. The Goldman Sachs Group cut their price objective on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. BMO Capital Markets lowered their price target on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Keefe, Bruyette & Woods decreased their price objective on shares of CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Robert W. Baird cut their price objective on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.

Insider Buying and Selling at CoStar Group

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

CoStar Group Stock Performance

Shares of CSGP opened at $75.87 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $100.38. The stock has a market capitalization of $31.10 billion, a P/E ratio of 172.43 and a beta of 0.82. The company’s fifty day moving average is $76.06 and its two-hundred day moving average is $77.92.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The business had revenue of $692.60 million for the quarter, compared to analyst estimates of $695.91 million. During the same period in the previous year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, sell-side analysts predict that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

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.