BNP Paribas Financial Markets Has $95.07 Million Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

BNP Paribas Financial Markets raised its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 33.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,260,157 shares of the technology company’s stock after buying an additional 317,017 shares during the quarter. BNP Paribas Financial Markets owned 0.31% of CoStar Group worth $95,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CSGP. Vulcan Value Partners LLC raised its stake in CoStar Group by 90.1% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,138,987 shares of the technology company’s stock worth $306,831,000 after buying an additional 1,961,917 shares during the period. Select Equity Group L.P. bought a new position in shares of CoStar Group during the 2nd quarter valued at about $60,761,000. Renaissance Technologies LLC bought a new stake in CoStar Group during the 2nd quarter worth approximately $46,692,000. Jupiter Asset Management Ltd. acquired a new stake in CoStar Group during the 2nd quarter worth approximately $34,987,000. Finally, Icon Wealth Advisors LLC lifted its stake in CoStar Group by 8,314.1% in the third quarter. Icon Wealth Advisors LLC now owns 409,934 shares of the technology company’s stock valued at $30,925,000 after buying an additional 405,062 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Price Performance

NASDAQ:CSGP opened at $79.92 on Wednesday. The firm’s fifty day moving average price is $75.62 and its two-hundred day moving average price is $76.64. 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 company has a market cap of $32.76 billion, a P/E ratio of 181.64 and a beta of 0.82. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results 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 net margin of 6.57% and a return on equity of 3.53%. The firm had revenue of $692.60 million for the quarter, compared to analysts’ expectations of $695.91 million. During the same period in the prior year, the firm earned $0.25 EPS. The business’s revenue was up 10.9% on a year-over-year basis. Equities analysts expect that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling at CoStar Group

In related news, Director Michael R. Klein sold 71,633 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $74.69, for a total value of $5,350,268.77. Following the completion of the sale, the director now directly owns 1,913,501 shares in the company, valued at approximately $142,919,389.69. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew C. Florance acquired 14,731 shares of the stock in a transaction on Friday, October 25th. The shares were bought 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 in the company, valued at approximately $94,315,527.66. This trade represents a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CSGP. JMP Securities restated a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a report on Friday, September 6th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of CoStar Group in a research note on Tuesday, November 19th. JPMorgan Chase & Co. reduced their price objective on CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets dropped their target price on CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Finally, Citigroup lowered their price objective on shares of CoStar Group from $97.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.25.

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.