California Public Employees Retirement System Sells 28,089 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

California Public Employees Retirement System reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 728,286 shares of the technology company’s stock after selling 28,089 shares during the period. California Public Employees Retirement System owned approximately 0.18% of CoStar Group worth $63,645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CSGP. Blue Trust Inc. grew its position in CoStar Group by 125.4% during the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock worth $27,000 after acquiring an additional 173 shares during the last quarter. Pinnacle Bancorp Inc. bought a new stake in CoStar Group during the 4th quarter worth approximately $37,000. CVA Family Office LLC bought a new stake in CoStar Group during the 4th quarter worth approximately $60,000. KB Financial Partners LLC grew its position in CoStar Group by 17.9% during the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after acquiring an additional 124 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in CoStar Group by 78.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,224 shares of the technology company’s stock worth $107,000 after acquiring an additional 540 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CSGP shares. Keefe, Bruyette & Woods increased their price target on CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Jefferies Financial Group upped their price objective on CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, April 12th. The Goldman Sachs Group upped their price objective on CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Royal Bank of Canada upped their price objective on CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Finally, BMO Capital Markets upped their price objective on CoStar Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $102.46.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $90.34 on Friday. The company has a market capitalization of $36.90 billion, a PE ratio of 123.75, a PEG ratio of 10.57 and a beta of 0.84. CoStar Group, Inc. has a 12 month low of $67.35 and a 12 month high of $100.38. The company has a current ratio of 9.09, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $89.55 and its 200 day simple moving average is $84.68.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. On average, research analysts predict that CoStar Group, Inc. will post 0.44 EPS for the current year.

CoStar Group Profile

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