Asset Management One Co. Ltd. Buys 32,302 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Asset Management One Co. Ltd. increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 12.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,828 shares of the technology company’s stock after acquiring an additional 32,302 shares during the quarter. Asset Management One Co. Ltd.’s holdings in CoStar Group were worth $21,337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. National Pension Service lifted its holdings in CoStar Group by 0.7% during the third quarter. National Pension Service now owns 1,020,943 shares of the technology company’s stock worth $77,020,000 after acquiring an additional 6,826 shares in the last quarter. Cortland Associates Inc. MO bought a new position in shares of CoStar Group during the 3rd quarter valued at about $14,535,000. Van ECK Associates Corp grew its position in shares of CoStar Group by 1.4% in the 3rd quarter. Van ECK Associates Corp now owns 72,346 shares of the technology company’s stock valued at $5,268,000 after purchasing an additional 993 shares during the period. Chicago Partners Investment Group LLC increased its stake in CoStar Group by 5.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 14,593 shares of the technology company’s stock worth $1,063,000 after purchasing an additional 781 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in CoStar Group by 27.4% during the 3rd quarter. Stephens Investment Management Group LLC now owns 618,664 shares of the technology company’s stock worth $46,672,000 after buying an additional 133,072 shares during the period. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of NASDAQ CSGP opened at $75.34 on Wednesday. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38. The stock has a 50 day moving average of $76.11 and a 200-day moving average of $78.15. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $30.89 billion, a P/E ratio of 171.23 and a beta of 0.82.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The firm had revenue of $692.60 million for the quarter, compared to the consensus estimate of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. As a group, equities research analysts predict that CoStar Group, Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

CSGP has been the topic of a number of research analyst reports. Bank of America dropped their price objective on shares of CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Needham & Company LLC dropped their price target on CoStar Group from $107.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. JMP Securities restated a “market outperform” rating and issued a $90.00 price target on shares of CoStar Group in a report on Friday, September 6th. Robert W. Baird decreased their price objective on CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, Royal Bank of Canada downgraded shares of CoStar Group from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $96.00 to $83.00 in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.

Insiders Place Their Bets

In other news, CEO Andrew C. Florance bought 14,731 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were bought at an average price of $74.67 per share, with a total value of $1,099,963.77. Following the completion of the transaction, the chief executive officer now owns 1,263,098 shares of the company’s stock, valued at $94,315,527.66. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CoStar Group news, Director Michael R. Klein sold 71,633 shares of CoStar Group stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $74.69, for a total value of $5,350,268.77. Following the completion of the sale, the director now owns 1,913,501 shares in the company, valued at $142,919,389.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew C. Florance bought 14,731 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were acquired at an average price of $74.67 per share, for a total transaction of $1,099,963.77. Following the transaction, the chief executive officer now owns 1,263,098 shares in the company, valued at approximately $94,315,527.66. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.57% of the company’s stock.

CoStar Group Company 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.