Healthcare of Ontario Pension Plan Trust Fund Has $569,000 Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Posted by on Mar 1st, 2023

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in shares of CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) by 83.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,173 shares of the technology company’s stock after selling 41,340 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CoStar Group were worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Ieq Capital LLC lifted its holdings in shares of CoStar Group by 2.6% during the 3rd quarter. Ieq Capital LLC now owns 5,798 shares of the technology company’s stock valued at $404,000 after buying an additional 148 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in CoStar Group by 43.3% in the 2nd quarter. Lazard Asset Management LLC now owns 493 shares of the technology company’s stock worth $29,000 after purchasing an additional 149 shares during the last quarter. Bell Bank lifted its holdings in CoStar Group by 0.5% in the 3rd quarter. Bell Bank now owns 32,033 shares of the technology company’s stock worth $2,231,000 after purchasing an additional 150 shares during the last quarter. Optas LLC lifted its holdings in CoStar Group by 1.7% in the 3rd quarter. Optas LLC now owns 9,698 shares of the technology company’s stock worth $675,000 after purchasing an additional 163 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in CoStar Group by 4.6% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 3,786 shares of the technology company’s stock worth $229,000 after purchasing an additional 168 shares during the last quarter. 97.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CSGP. JPMorgan Chase & Co. began coverage on CoStar Group in a report on Friday, December 16th. They issued an “overweight” rating and a $100.00 target price for the company. JMP Securities restated a “market outperform” rating and issued a $85.00 target price on shares of CoStar Group in a report on Wednesday, February 22nd. Bank of America restated a “buy” rating and issued a $100.00 target price on shares of CoStar Group in a report on Friday, November 18th. Needham & Company LLC dropped their price target on CoStar Group from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, February 22nd. Finally, Stephens dropped their price target on CoStar Group from $90.00 to $86.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 22nd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.25.

CoStar Group Stock Performance

CSGP opened at $70.66 on Wednesday. The stock’s 50 day simple moving average is $77.09 and its 200-day simple moving average is $76.42. CoStar Group, Inc. has a 1 year low of $53.25 and a 1 year high of $85.37. The stock has a market cap of $28.74 billion, a PE ratio of 75.98, a P/E/G ratio of 3.84 and a beta of 0.86. The company has a current ratio of 13.92, a quick ratio of 13.92 and a debt-to-equity ratio of 0.14.

CoStar Group Company Profile

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CoStar Group, Inc provides commercial real estate information, analytics, and online marketplaces to the commercial real estate and related business communities. The firm’s suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values and market conditions.

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

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