Asset Management One Co. Ltd. Acquires 5,150 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Asset Management One Co. Ltd. grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 287,978 shares of the technology company’s stock after acquiring an additional 5,150 shares during the period. Asset Management One Co. Ltd. owned 0.07% of CoStar Group worth $20,798,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bleakley Financial Group LLC grew its position in CoStar Group by 1.6% in the third quarter. Bleakley Financial Group LLC now owns 8,638 shares of the technology company’s stock valued at $652,000 after acquiring an additional 138 shares during the period. Moran Wealth Management LLC boosted its stake in shares of CoStar Group by 2.0% in the 3rd quarter. Moran Wealth Management LLC now owns 8,027 shares of the technology company’s stock valued at $606,000 after purchasing an additional 161 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of CoStar Group by 1.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,133 shares of the technology company’s stock worth $1,443,000 after purchasing an additional 209 shares during the last quarter. Bell Bank increased its position in shares of CoStar Group by 1.3% during the 3rd quarter. Bell Bank now owns 18,232 shares of the technology company’s stock worth $1,375,000 after purchasing an additional 234 shares in the last quarter. Finally, FWG Holdings LLC lifted its holdings in CoStar Group by 4.1% during the 3rd quarter. FWG Holdings LLC now owns 6,212 shares of the technology company’s stock valued at $462,000 after purchasing an additional 247 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Activity at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of the business’s 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 completion of the transaction, the insider now owns 58,798 shares in the company, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. BMO Capital Markets decreased their price objective on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. StockNews.com cut CoStar Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of CoStar Group in a research note on Monday, December 9th. William Blair restated an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. Finally, Citigroup reduced their price target on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.23.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $74.06 on Friday. The firm has a fifty day moving average of $73.90 and a two-hundred day moving average of $75.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. The stock has a market capitalization of $30.36 billion, a price-to-earnings ratio of 168.32 and a beta of 0.87. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $100.38.

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.