廣告
香港股市 已收市
  • 恒指

    16,541.42
    +148.58 (+0.91%)
     
  • 國指

    5,810.79
    +82.66 (+1.44%)
     
  • 上證綜指

    3,026.66
    +16.00 (+0.53%)
     
  • 滬深300

    3,529.19
    +8.22 (+0.23%)
     
  • 美元

    7.8256
    0.0000 (0.00%)
     
  • 人民幣

    0.9230
    +0.0002 (+0.02%)
     
  • 道指

    39,807.37
    +47.29 (+0.12%)
     
  • 標普 500

    5,254.35
    +5.86 (+0.11%)
     
  • 納指

    16,379.46
    -20.06 (-0.12%)
     
  • 日圓

    0.0515
    +0.0000 (+0.08%)
     
  • 歐元

    8.4333
    -0.0073 (-0.09%)
     
  • 英鎊

    9.8730
    -0.0030 (-0.03%)
     
  • 紐約期油

    83.11
    -0.06 (-0.07%)
     
  • 金價

    2,254.80
    +16.40 (+0.73%)
     
  • Bitcoin

    70,742.60
    +1,566.63 (+2.26%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

Do You Think CoStar Group (CSGP) is a Good Long-Term Investment?

Baron Funds, an investment management company, released its “Baron Asset Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund (institutional shares) declined 2.07% compared to a 0.65% decline for the Russell Midcap Growth Index. Differences in sector weights led to the underperformance of the fund in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Baron Funds discussed stocks like CoStar Group, Inc. (NASDAQ:CSGP) in the Q3 2022 investor letter. Headquartered in Washington, the District of Columbia, CoStar Group, Inc. (NASDAQ:CSGP) provides information, analytics, and marketplace services to commercial real estate. On October 21, 2022, CoStar Group, Inc. (NASDAQ:CSGP) stock closed at $71.80 per share. One-month return of CoStar Group, Inc. (NASDAQ:CSGP) was 3.21% and its shares lost 27.69% of their value over the last 52 weeks. CoStar Group, Inc. (NASDAQ:CSGP) has a market capitalization of $29.194 billion.

Baron Funds made the following comment about CoStar Group, Inc. (NASDAQ:CSGP) in its Q3 2022 investor letter:

“Shares of real estate data and marketing platform CoStar Group, Inc. (NASDAQ:CSGP) contributed to performance on strong financial results and news of the company’s inclusion in the S&P 500 Index. We believe the company is well positioned to benefit from the continued migration of real estate marketing and advertising dollars to online channels. CoStar is investing aggressively to develop a marketing platform targeted at the residential real estate segment. This is expected to launch later in 2022 and offers the potential for significant long-term value creation, in our view. In addition, CoStar has nearly $5 billion of cash on its balance sheet, which we expect it to eventually deploy for opportunistic, value-enhancing acquisitions.”

Real Estate

Photo by Tony Yeung on Unsplash

廣告

CoStar Group, Inc. (NASDAQ:CSGP) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 47 hedge fund portfolios held CoStar Group, Inc. (NASDAQ:CSGP) at the end of the second quarter, which was 44 in the previous quarter.

We discussed CoStar Group, Inc. (NASDAQ:CSGP) in another article and shared Lakehouse Capital’s views on the company. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

 

Suggested Articles:

Disclosure: None. This article is originally published at Insider Monkey.