CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Lakehouse Capital Pty Ltd

Lakehouse Capital Pty Ltd trimmed its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 11.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,605 shares of the technology company’s stock after selling 14,715 shares during the quarter. CoStar Group accounts for about 7.8% of Lakehouse Capital Pty Ltd’s portfolio, making the stock its 7th biggest holding. Lakehouse Capital Pty Ltd’s holdings in CoStar Group were worth $9,753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in CoStar Group during the fourth quarter valued at about $320,866,000. Mackenzie Financial Corp lifted its stake in CoStar Group by 343.8% during the first quarter. Mackenzie Financial Corp now owns 2,913,586 shares of the technology company’s stock valued at $194,074,000 after buying an additional 2,257,140 shares in the last quarter. Capital International Investors purchased a new stake in CoStar Group during the first quarter valued at about $101,893,000. Renaissance Technologies LLC purchased a new stake in CoStar Group during the first quarter valued at about $94,633,000. Finally, Wellington Management Group LLP increased its holdings in shares of CoStar Group by 51.3% in the 1st quarter. Wellington Management Group LLP now owns 3,477,341 shares of the technology company’s stock valued at $231,626,000 after purchasing an additional 1,178,764 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Monday. BMO Capital Markets dropped their target price on CoStar Group from $84.00 to $79.00 and set a “market perform” rating on the stock in a report on Thursday, February 22nd. Bank of America increased their price objective on CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Needham & Company LLC dropped their price objective on CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Finally, JMP Securities increased their price objective on CoStar Group from $85.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $99.70.

CoStar Group Trading Up 1.1 %

NASDAQ:CSGP opened at $96.22 on Thursday. CoStar Group, Inc. has a fifty-two week low of $67.03 and a fifty-two week high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.01 and a quick ratio of 12.01. The stock has a market capitalization of $39.30 billion, a PE ratio of 104.59, a price-to-earnings-growth ratio of 10.90 and a beta of 0.83. The business’s 50-day simple moving average is $86.24 and its 200-day simple moving average is $82.87.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The business had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. During the same quarter last year, the firm earned $0.35 EPS. CoStar Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. Sell-side analysts expect that CoStar Group, Inc. will post 0.44 earnings per share for the current fiscal 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.