Czech National Bank Has $6.36 Million Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Czech National Bank increased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,888 shares of the technology company’s stock after buying an additional 5,404 shares during the period. Czech National Bank’s holdings in CoStar Group were worth $6,363,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its position in shares of CoStar Group by 534.8% during the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after purchasing an additional 353 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in CoStar Group during the 3rd quarter worth $40,000. Quarry LP bought a new position in CoStar Group in the 2nd quarter valued at $54,000. Brooklyn Investment Group acquired a new stake in shares of CoStar Group in the 3rd quarter valued at $91,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of CoStar Group by 55.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,374 shares of the technology company’s stock valued at $104,000 after buying an additional 488 shares during the period. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $69.61 on Wednesday. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $28.54 billion, a PE ratio of 158.21 and a beta of 0.85. The stock’s fifty day simple moving average is $74.83 and its 200 day simple moving average is $75.36.

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

Insider Transactions at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the sale, the insider now owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew C. Florance purchased 14,731 shares of CoStar Group stock in a transaction on Friday, October 25th. The shares were purchased at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the transaction, the chief executive officer now owns 1,263,098 shares in the company, valued at approximately $94,315,527.66. The trade was a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Citigroup reduced their target price on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday. StockNews.com downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. Finally, Stephens reiterated an “overweight” rating and set a $103.00 target price on shares of CoStar Group in a research report on Thursday, January 2nd. One research 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. According to MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and an average target price of $92.92.

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.