Empirical Finance LLC Has $595,000 Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Empirical Finance LLC raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 6.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,881 shares of the technology company’s stock after acquiring an additional 482 shares during the quarter. Empirical Finance LLC’s holdings in CoStar Group were worth $595,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. CIBC Asset Management Inc grew its position in shares of CoStar Group by 6.1% in the 3rd quarter. CIBC Asset Management Inc now owns 127,091 shares of the technology company’s stock valued at $9,588,000 after buying an additional 7,304 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of CoStar Group by 6.2% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,517 shares of the technology company’s stock worth $869,000 after purchasing an additional 676 shares during the period. Metis Global Partners LLC raised its stake in CoStar Group by 5.0% during the third quarter. Metis Global Partners LLC now owns 18,008 shares of the technology company’s stock worth $1,359,000 after buying an additional 861 shares during the last quarter. KBC Group NV lifted its holdings in CoStar Group by 14.7% in the third quarter. KBC Group NV now owns 83,823 shares of the technology company’s stock valued at $6,324,000 after buying an additional 10,730 shares during the period. Finally, Huntington National Bank grew its holdings in CoStar Group by 9.4% during the 3rd quarter. Huntington National Bank now owns 3,862 shares of the technology company’s stock worth $291,000 after acquiring an additional 332 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Ratings Changes

CSGP has been the topic of several research analyst reports. JMP Securities restated a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a research report on Friday, September 6th. StockNews.com downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. BMO Capital Markets reduced their price target on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. dropped their price objective on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Citigroup reduced their target price on CoStar Group from $97.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and an average target price of $93.25.

CoStar Group Stock Performance

Shares of CSGP stock opened at $71.25 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The firm has a 50-day moving average of $75.82 and a 200-day moving average of $77.33. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38. The company has a market cap of $29.21 billion, a P/E ratio of 161.94 and a beta of 0.82.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. The firm had revenue of $692.60 million for the quarter, compared to analysts’ expectations of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. Equities research analysts forecast that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at CoStar Group

In other news, Director Michael R. Klein sold 71,633 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the completion of the sale, the director now owns 1,913,501 shares in the company, valued at $142,919,389.69. This trade represents a 3.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew C. Florance acquired 14,731 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average price of $74.67 per share, for a total transaction of $1,099,963.77. Following the purchase, the chief executive officer now owns 1,263,098 shares of the company’s stock, valued at $94,315,527.66. The trade was a 1.18 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.57% of the company’s stock.

CoStar Group 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.