Night Owl Capital Management Decreased Its Costar Group (CSGP) Position by $3.99 Million as Valuation Rose; Credit Suisse Ag Stake in Lg Display Co LTD (LPL) Has Lifted as Share Value Declined

CoStar Group, Inc. (NASDAQ:CSGP) Logo

Night Owl Capital Management Llc decreased its stake in Costar Group (CSGP) by 50.42% based on its latest 2019Q1 regulatory filing with the SEC. Night Owl Capital Management Llc sold 8,563 shares as the company’s stock rose 24.07% . The hedge fund held 8,419 shares of the miscellaneous company at the end of 2019Q1, valued at $3.93 million, down from 16,982 at the end of the previous reported quarter. Night Owl Capital Management Llc who had been investing in Costar Group for a number of months, seems to be less bullish one the $20.75B market cap company. The stock decreased 1.89% or $10.96 during the last trading session, reaching $568.77. About 168,404 shares traded. CoStar Group, Inc. (NASDAQ:CSGP) has risen 48.45% since September 11, 2018 and is uptrending. It has outperformed by 48.45% the S&P500. Some Historical CSGP News: 16/03/2018 Garry Marr: Sources telling CoStar News that TTC has signed a major lease to consolidate its warehouse operations in NW Toronto; 23/04/2018 – CoStar Group 1Q Rev $273.7M; 25/04/2018 – Tony Wilbert: CoStar News Scoop: Boston Properties Bests Rivals With $616 Million Winning Bid for Santa Monica Business; 23/04/2018 – CoStar Group Sees 2Q Adjusted Ebitda $66 Million to $70 Million; 15/05/2018 – CoStar Presenting at JPMorgan Conference Tomorrow; 23/04/2018 – COSTAR SEES 2Q ADJ EPS $1.25 TO $1.34, EST. $1.23; 13/04/2018 – Investor Expectations to Drive Momentum within Criteo S.A, Prima BioMed, CoStar Group, DBV Technologies S.A, Hollysys Automatio; 02/05/2018 – CoStar at Non-Deal Roadshow Hosted By JMP Securities Today; 23/04/2018 – CoStar Group Sees 2Q Adj EPS $1.25-Adj EPS $1.34; 23/05/2018 – LIDA OPTICAL & ELECTRONIC 002189.SZ SAYS IT PLANS TO BUY PHOTONICS FIRM HENAN COSTAR GROUP CO FOR 518.1 MLN YUAN VIA SHARE ISSUE

Credit Suisse Ag increased its stake in Lg Display Co Ltd (LPL) by 81.27% based on its latest 2019Q1 regulatory filing with the SEC. Credit Suisse Ag bought 72,113 shares as the company’s stock declined 27.87% . The institutional investor held 160,846 shares of the capital goods company at the end of 2019Q1, valued at $1.39M, up from 88,733 at the end of the previous reported quarter. Credit Suisse Ag who had been investing in Lg Display Co Ltd for a number of months, seems to be bullish on the $4.38 billion market cap company. The stock increased 6.12% or $0.37 during the last trading session, reaching $6.42. About 308,583 shares traded. LG Display Co., Ltd. (NYSE:LPL) has declined 35.58% since September 11, 2018 and is downtrending. It has underperformed by 35.58% the S&P500. Some Historical LPL News: 18/03/2018 AAPL/@LiveSquawk: Apple Is Said To Develop Displays To Replace Samsung Screens -Apple Has California Facility For Producing MicroLED Screens -Apple MicroLED Plans May Hurt Suppliers Such As Sharp, LG Display – ! $AAPL; 10/05/2018 – AppleInsider: Rumor: 6.1-inch iPhone will use LG display found in G7 ThinQ; 04/04/2018 – Paju LG Display Factory .. “Roof evacuation 10 people in the structure” (2); 24/04/2018 – S.Korea’s LG Display looks up after posting first loss in 6 yrs; 24/04/2018 – LG DISPLAY SAYS LCD PANEL PRICES ARE EXPECTED TO STABILIZE DURING SECOND QUARTER; 08/05/2018 – LG DISPLAY SAYS BEEFING UP STRATEGIC ALLIANCES WITH GOOGLE IN NEW PRODUCT DEVELOPMENT, STABLE PANEL SUPPLIES; 24/04/2018 – LG DISPLAY SAYS EXPECTS 2018 CAPEX TO BE LOWER THAN PREVIOUS GUIDANCE OF 9 TRLN WON; 20/04/2018 – Captivate: Sources: Apple’s efforts to reduce its dependence on Samsung and line up LG Display as a second supplier for its iP; 24/04/2018 – LG Display 1Q Op Loss KRW98.32B Vs Op Pft KRW1.027T; 08/05/2018 – LG Display says beefs up Google tie-up, but denies got $930 mln investment

Another recent and important LG Display Co., Ltd. (NYSE:LPL) news was published by Marketwatch.com which published an article titled: “After the yield curve inverts — here’s how the stock market tends to perform since 1978 – MarketWatch” on August 21, 2019.

Credit Suisse Ag, which manages about $41.97 billion and $109.61 billion US Long portfolio, decreased its stake in Aercap Holdings Nv (NYSE:AER) by 18,498 shares to 421,388 shares, valued at $19.61M in 2019Q1, according to the filing. It also reduced its holding in Maximus Inc (NYSE:MMS) by 4,513 shares in the quarter, leaving it with 706,775 shares, and cut its stake in M & T Bk Corp (NYSE:MTB).

More notable recent CoStar Group, Inc. (NASDAQ:CSGP) news were published by: Businesswire.com which released: “Lennard Commercial Realty Attracting and Retaining Agents with Help from Full Suite of Cutting Edge Research Tools Including the CoStar Platform – Business Wire” on August 12, 2019, also Finance.Yahoo.com with their article: “Hedge Funds Have Never Been This Bullish On CoStar Group Inc (CSGP) – Yahoo Finance” published on June 10, 2019, Finance.Yahoo.com published: “With EPS Growth And More, CoStar Group (NASDAQ:CSGP) Is Interesting – Yahoo Finance” on July 18, 2019. More interesting news about CoStar Group, Inc. (NASDAQ:CSGP) were released by: Finance.Yahoo.com and their article: “Examining CoStar Group, Inc.’s (NASDAQ:CSGP) Weak Return On Capital Employed – Yahoo Finance” published on June 04, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why CoStar Group Stock Surged 64% Through the 1st Half of 2019 – Yahoo Finance” with publication date: July 13, 2019.

Investors sentiment increased to 1.35 in 2019 Q1. Its up 0.52, from 0.83 in 2018Q4. It improved, as 14 investors sold CSGP shares while 113 reduced holdings. 66 funds opened positions while 106 raised stakes. 33.52 million shares or 0.12% less from 33.56 million shares in 2018Q4 were reported. California-based Rice Hall James Associates Ltd Liability Com has invested 0.29% in CoStar Group, Inc. (NASDAQ:CSGP). 2,050 are owned by Eagleclaw Capital Managment Lc. Etrade Capital Ltd Limited Liability Company holds 0.01% or 859 shares in its portfolio. 7 were reported by Advisory Alpha Ltd Liability Co. Oppenheimer Asset Management Inc owns 20,100 shares. Lazard Asset Mgmt Ltd Liability Corporation invested 0.01% in CoStar Group, Inc. (NASDAQ:CSGP). Morgan Stanley has invested 0.01% in CoStar Group, Inc. (NASDAQ:CSGP). Winslow Cap Mngmt Limited Liability Co owns 1.17% invested in CoStar Group, Inc. (NASDAQ:CSGP) for 462,348 shares. Westpac holds 0% or 2,877 shares. De Burlo Inc reported 16,100 shares stake. Manufacturers Life Insurance The owns 1,035 shares. Riverpark Advisors Limited Co stated it has 5,343 shares or 1.08% of all its holdings. Moreover, Amalgamated Bankshares has 0.06% invested in CoStar Group, Inc. (NASDAQ:CSGP) for 4,909 shares. Night Owl Cap Lc invested in 8,419 shares. Wellington Shields Capital Ltd Liability has invested 0.04% of its portfolio in CoStar Group, Inc. (NASDAQ:CSGP).

Analysts await CoStar Group, Inc. (NASDAQ:CSGP) to report earnings on October, 22. They expect $2.24 earnings per share, up 13.13% or $0.26 from last year’s $1.98 per share. CSGP’s profit will be $81.72M for 63.48 P/E if the $2.24 EPS becomes a reality. After $1.95 actual earnings per share reported by CoStar Group, Inc. for the previous quarter, Wall Street now forecasts 14.87% EPS growth.

CoStar Group, Inc. (NASDAQ:CSGP) Institutional Positions Chart

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