CoStar Group Inc (CSGP) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in CoStar Group Inc (NASDAQ:CSGP) by 4.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 581,742 shares of the technology company’s stock after acquiring an additional 22,555 shares during the quarter. JPMorgan Chase & Co.’s holdings in CoStar Group were worth $271,335,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. increased its position in CoStar Group by 7.0% in the 4th quarter. BlackRock Inc. now owns 3,061,248 shares of the technology company’s stock valued at $1,032,680,000 after buying an additional 200,620 shares in the last quarter. Vanguard Group Inc increased its position in CoStar Group by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 3,047,482 shares of the technology company’s stock valued at $1,282,503,000 after buying an additional 9,345 shares in the last quarter. American Century Companies Inc. increased its position in CoStar Group by 124.5% in the 4th quarter. American Century Companies Inc. now owns 481,418 shares of the technology company’s stock valued at $162,402,000 after buying an additional 266,965 shares in the last quarter. Mackenzie Financial Corp increased its position in CoStar Group by 100.6% in the 4th quarter. Mackenzie Financial Corp now owns 423,354 shares of the technology company’s stock valued at $142,814,000 after buying an additional 212,278 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in CoStar Group by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 335,302 shares of the technology company’s stock valued at $113,029,000 after buying an additional 4,060 shares in the last quarter. 96.17% of the stock is owned by institutional investors and hedge funds.

In other news, VP Matthew Linnington sold 4,701 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $477.31, for a total value of $2,243,834.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew C. Florance sold 55,322 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $473.38, for a total value of $26,188,328.36. The disclosure for this sale can be found here. Insiders have sold a total of 65,419 shares of company stock valued at $31,001,252 in the last quarter. Company insiders own 2.47% of the company’s stock.

A number of analysts recently commented on the company. Wells Fargo & Co boosted their target price on CoStar Group from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Needham & Company LLC boosted their target price on CoStar Group from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Zacks Investment Research lowered CoStar Group from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. BidaskClub raised CoStar Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 30th. Finally, Citigroup boosted their target price on CoStar Group from $490.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $538.25.

CSGP stock opened at $517.25 on Tuesday. The stock has a market cap of $18.91 billion, a price-to-earnings ratio of 69.90, a P/E/G ratio of 3.43 and a beta of 1.45. CoStar Group Inc has a 52-week low of $315.85 and a 52-week high of $524.66.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, April 23rd. The technology company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.11. The business had revenue of $328.00 million during the quarter, compared to the consensus estimate of $327.45 million. CoStar Group had a return on equity of 10.09% and a net margin of 21.76%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 EPS. Equities research analysts expect that CoStar Group Inc will post 9.01 earnings per share for the current fiscal year.

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CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.

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

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