37,755 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Bought by Vanderbilt University

Vanderbilt University purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 37,755 shares of the technology company’s stock, valued at approximately $2,703,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC boosted its position in CoStar Group by 91.4% during the third quarter. Barclays PLC now owns 2,249,188 shares of the technology company’s stock valued at $169,678,000 after acquiring an additional 1,073,793 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of CoStar Group by 73.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,358,331 shares of the technology company’s stock valued at $177,913,000 after purchasing an additional 1,001,177 shares in the last quarter. State Street Corp boosted its position in shares of CoStar Group by 4.4% during the 3rd quarter. State Street Corp now owns 17,059,744 shares of the technology company’s stock valued at $1,286,987,000 after purchasing an additional 722,153 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in CoStar Group during the third quarter worth approximately $48,768,000. Finally, Icon Wealth Advisors LLC increased its holdings in CoStar Group by 8,314.1% in the third quarter. Icon Wealth Advisors LLC now owns 409,934 shares of the technology company’s stock worth $30,925,000 after purchasing an additional 405,062 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Up 0.3 %

Shares of NASDAQ:CSGP opened at $77.72 on Thursday. The business’s 50 day moving average is $74.55 and its 200 day moving average is $75.44. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $100.38. The stock has a market cap of $31.86 billion, a price-to-earnings ratio of 176.64 and a beta of 0.87. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CSGP. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of CoStar Group in a report on Monday, December 9th. StockNews.com lowered shares of CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. Keefe, Bruyette & Woods decreased their price target on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. JMP Securities reiterated a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a report on Monday, December 16th. Finally, Wells Fargo & Company began coverage on CoStar Group in a research note on Wednesday. They issued an “underweight” rating and a $65.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.23.

Insiders Place Their Bets

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total transaction of $439,340.00. Following the transaction, the insider now owns 58,798 shares of the company’s stock, valued at $4,696,784.24. This trade represents a 8.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.