Campbell & CO Investment Adviser LLC Takes $388,000 Position in CoStar Group Inc (NASDAQ:CSGP)

Campbell & CO Investment Adviser LLC acquired a new position in CoStar Group Inc (NASDAQ:CSGP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 654 shares of the technology company’s stock, valued at approximately $388,000.

Several other hedge funds have also added to or reduced their stakes in CSGP. Bank of America Corp DE boosted its holdings in shares of CoStar Group by 13.7% in the second quarter. Bank of America Corp DE now owns 359,259 shares of the technology company’s stock worth $199,050,000 after acquiring an additional 43,422 shares during the period. Delta Investment Management LLC purchased a new stake in shares of CoStar Group in the second quarter worth $2,360,000. First Hawaiian Bank raised its position in shares of CoStar Group by 20.3% in the third quarter. First Hawaiian Bank now owns 2,174 shares of the technology company’s stock worth $1,289,000 after buying an additional 367 shares in the last quarter. Korea Investment CORP raised its position in shares of CoStar Group by 7.4% in the second quarter. Korea Investment CORP now owns 7,300 shares of the technology company’s stock worth $4,045,000 after buying an additional 500 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. raised its position in shares of CoStar Group by 7.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 10,499 shares of the technology company’s stock worth $5,817,000 after buying an additional 725 shares in the last quarter. 95.10% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on CSGP shares. JPMorgan Chase & Co. increased their price objective on CoStar Group from $425.00 to $597.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 24th. JMP Securities raised their price target on CoStar Group from $525.00 to $630.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Wells Fargo & Co restated a “buy” rating on shares of CoStar Group in a research report on Tuesday, October 1st. BidaskClub downgraded CoStar Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Finally, B. Riley raised their price target on CoStar Group from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $631.30.

In related news, Director Christopher J. Nassetta sold 406 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $570.99, for a total value of $231,821.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.14% of the company’s stock.

Shares of NASDAQ:CSGP traded up $3.47 on Friday, reaching $549.31. 194,300 shares of the company traded hands, compared to its average volume of 247,089. CoStar Group Inc has a 52 week low of $315.85 and a 52 week high of $639.41. The business’s 50-day simple moving average is $578.90 and its 200 day simple moving average is $566.71. The stock has a market capitalization of $20.32 billion, a P/E ratio of 74.23, a price-to-earnings-growth ratio of 4.16 and a beta of 1.34.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, October 22nd. The technology company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.09. The firm had revenue of $352.81 million during the quarter, compared to the consensus estimate of $353.16 million. CoStar Group had a net margin of 23.17% and a return on equity of 10.55%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.16 EPS. On average, analysts expect that CoStar Group Inc will post 8.89 earnings per share for the current fiscal year.

About CoStar Group

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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