SG Americas Securities LLC Has $2.44 Million Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Posted by Defense World Staff on Apr 24th, 2023

SG Americas Securities LLC raised its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) by 122.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 31,553 shares of the technology company’s stock after acquiring an additional 17,371 shares during the period. SG Americas Securities LLC’s holdings in CoStar Group were worth $2,438,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CSGP. Vanguard Group Inc. increased its position in shares of CoStar Group by 22.1% in the 3rd quarter. Vanguard Group Inc. now owns 42,997,622 shares of the technology company’s stock valued at $2,994,784,000 after buying an additional 7,780,240 shares in the last quarter. BlackRock Inc. raised its holdings in CoStar Group by 42.0% in the 3rd quarter. BlackRock Inc. now owns 28,633,861 shares of the technology company’s stock valued at $1,994,349,000 after acquiring an additional 8,470,338 shares during the period. State Street Corp raised its holdings in CoStar Group by 84.0% in the 3rd quarter. State Street Corp now owns 14,630,966 shares of the technology company’s stock valued at $1,019,047,000 after acquiring an additional 6,681,249 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of CoStar Group by 5.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,492,550 shares of the technology company’s stock worth $730,805,000 after purchasing an additional 526,669 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in shares of CoStar Group by 2.2% during the second quarter. Macquarie Group Ltd. now owns 8,429,294 shares of the technology company’s stock worth $509,214,000 after purchasing an additional 180,066 shares during the period. Institutional investors own 97.80% of the company’s stock.

Insider Transactions at CoStar Group

In related news, insider Michael J. Desmarais sold 5,600 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $70.36, for a total transaction of $394,016.00. Following the transaction, the insider now directly owns 44,846 shares in the company, valued at approximately $3,155,364.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

CoStar Group Trading Up 1.4 %

Shares of CSGP stock opened at $70.00 on Monday. The company has a market capitalization of $28.47 billion, a PE ratio of 75.27, a price-to-earnings-growth ratio of 3.76 and a beta of 0.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 13.92 and a current ratio of 13.92. CoStar Group, Inc. has a 52-week low of $53.51 and a 52-week high of $85.37. The business’s fifty day moving average is $70.10 and its 200 day moving average is $75.39.

CoStar Group (NASDAQ:CSGP – Get Rating) last released its earnings results on Tuesday, February 21st. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $573.35 million during the quarter, compared to analyst estimates of $567.96 million. CoStar Group had a net margin of 16.93% and a return on equity of 7.15%. On average, equities research analysts anticipate that CoStar Group, Inc. will post 0.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CSGP shares. The Goldman Sachs Group cut their target price on shares of CoStar Group from $102.00 to $88.00 and set a “buy” rating on the stock in a research report on Wednesday, February 22nd. Needham & Company LLC cut their price objective on shares of CoStar Group from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, February 22nd. Truist Financial decreased their price objective on CoStar Group from $95.00 to $85.00 in a report on Wednesday, February 22nd. Stephens reduced their target price on CoStar Group from $90.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, February 22nd. Finally, BMO Capital Markets dropped their target price on CoStar Group from $84.00 to $68.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 22nd. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.25.

CoStar Group Company Profile

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CoStar Group, Inc engages in providing online real estate marketplaces, information, and analytics in the commercial and residential property markets. It operates through the North America and International geographical segments. The North America segment includes the Unites States and Canada. The International refers to Europe, Asia-Pacific, and Latin America.