Franklin Resources Inc. Has $122.45 Million Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Franklin Resources Inc. lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,401,139 shares of the technology company’s stock after buying an additional 29,737 shares during the period. Franklin Resources Inc. owned about 0.34% of CoStar Group worth $122,446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in CoStar Group during the 3rd quarter worth about $459,000. US Bancorp DE increased its holdings in CoStar Group by 2.8% during the 3rd quarter. US Bancorp DE now owns 94,272 shares of the technology company’s stock worth $7,249,000 after purchasing an additional 2,544 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in CoStar Group by 3.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 116,318 shares of the technology company’s stock valued at $8,944,000 after buying an additional 4,371 shares during the last quarter. STF Management LP lifted its position in shares of CoStar Group by 161.1% during the third quarter. STF Management LP now owns 6,661 shares of the technology company’s stock valued at $512,000 after purchasing an additional 4,110 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of CoStar Group by 7.5% in the 3rd quarter. Corient Private Wealth LLC now owns 293,750 shares of the technology company’s stock worth $22,591,000 after buying an additional 20,512 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael J. Desmarais sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $92.67, for a total value of $352,146.00. Following the sale, the insider now directly owns 64,087 shares of the company’s stock, valued at $5,938,942.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CoStar Group news, insider Michael J. Desmarais sold 3,800 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $92.67, for a total transaction of $352,146.00. Following the sale, the insider now owns 64,087 shares in the company, valued at $5,938,942.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.61, for a total value of $11,366,580.96. Following the transaction, the chief financial officer now owns 303,417 shares in the company, valued at $28,099,448.37. The disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

CSGP has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. JMP Securities reiterated a “market outperform” rating and issued a $110.00 target price on shares of CoStar Group in a research note on Friday, April 12th. Citigroup raised their price target on shares of CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. BMO Capital Markets upped their price objective on CoStar Group from $84.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. Finally, Stephens reissued an “overweight” rating and issued a $105.00 target price on shares of CoStar Group in a research report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.46.

View Our Latest Report on CSGP

CoStar Group Trading Down 0.1 %

Shares of CoStar Group stock opened at $87.09 on Thursday. The company’s 50-day moving average price is $91.20 and its 200-day moving average price is $86.56. The company has a market cap of $35.56 billion, a price-to-earnings ratio of 119.44, a PEG ratio of 12.93 and a beta of 0.84. CoStar Group, Inc. has a 12-month low of $67.35 and a 12-month high of $100.38. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGPGet Free Report) last posted its earnings results on Tuesday, April 23rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. The business had revenue of $656.40 million for the quarter, compared to analysts’ expectations of $649.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. On average, equities analysts expect that CoStar Group, Inc. will post 0.45 earnings per share for the current fiscal year.

CoStar Group Profile

(Free Report)

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

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