LGT Fund Management Co Ltd owns $898,000 worth of shares in CoStar Group, Inc. (NASDAQ:CSGP)

LGT Fund Management Co Ltd. increased its stake in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 207.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,118 shares of the technology company’s stock after purchasing an additional 8,177 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in CoStar Group were worth $898,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC purchased a new position in CoStar Group in the first quarter valued at about $31,000. Riverview Trust Co purchased a new position in shares of CoStar Group in the first quarter valued at $35,000. RiverPark Advisors LLC bought a new stake in shares of CoStar Group in the first quarter valued at $37,000. Connectus Wealth LLC boosted its stake in CoStar Group by 915.0% during the 4th quarter. Connectus Wealth LLC now owns 518,633 shares of the technology company’s stock worth $45,000 after buying an additional 467,534 shares during that period. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in CoStar Group in the second quarter valued at $49,000. 96.60% of shares are currently owned by institutional investors.

Analyst upgrades and downgrades

Several brokerages have issued reports on CSGP. Goldman Sachs Group cut their price target on CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and set a $96.00 target price on shares of CoStar Group in a report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $107.00 target price on shares of CoStar Group in a report on Wednesday, July 24th. Robert W. Baird reduced their price objective on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CoStar Group from $102.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Moderate Buy” and an average target price of $96.38, according to MarketBeat.

Read the latest stock analysis on CSGP

CoStar Group Stock Performance

CSGP opened at $79.20 on Wednesday. CoStar Group, Inc. has a 12-month low of $67.35 and a 12-month high of $100.38. The company has a 50-day moving average of $75.61 and a 200-day moving average of $82.37. The company has a quick ratio of 9.27, a current ratio of 9.27, and a debt-to-equity ratio of 0.13. The stock has a market cap of $32.46 billion, a price-to-earnings ratio of 108.49, a PEG ratio of 11.48 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $677.80 million during the quarter, compared to analysts’ expectations of $677.18 million. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The company’s revenue increased by 11.9% year-on-year. In the same quarter last year, the company posted earnings of $0.27 per share. On average, equities research analysts expect that CoStar Group, Inc. to post 0.49 earnings per share for the current year.

CoStar Group Company Profile

(Free Report)

CoStar Group, Inc provides online market information, analysis and services to the commercial, hospitality, residential real estate industry and related professionals in the United States, Canada, Europe, Asia Pacific and Latin America. The company offers CoStar Property which offers office, industrial, retail, multifamily, hospitality and student real estate and land inventory; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report aggregate market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytics tool that provides tenant insights.

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