Asset Management One Co. Ltd. Raises Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Asset Management One Co. Ltd. grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 4.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 300,684 shares of the technology company's stock after acquiring an additional 12,706 shares during the period. Asset Management One Co. Ltd. owned about 0.07% of CoStar Group worth $23,823,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Bamco Inc. NY raised its stake in shares of CoStar Group by 2.2% in the 4th quarter. Bamco Inc. NY now owns 19,203,564 shares of the technology company's stock valued at $1,374,783,000 after acquiring an additional 418,128 shares during the period. Capital International Investors raised its stake in shares of CoStar Group by 44.9% in the 4th quarter. Capital International Investors now owns 14,032,363 shares of the technology company's stock valued at $1,004,578,000 after acquiring an additional 4,345,267 shares during the period. Geode Capital Management LLC raised its stake in shares of CoStar Group by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 11,475,755 shares of the technology company's stock valued at $819,678,000 after acquiring an additional 166,769 shares during the period. Akre Capital Management LLC raised its stake in shares of CoStar Group by 4.3% in the 4th quarter. Akre Capital Management LLC now owns 9,313,880 shares of the technology company's stock valued at $666,781,000 after acquiring an additional 379,787 shares during the period. Finally, Polen Capital Management LLC purchased a new position in shares of CoStar Group in the 4th quarter valued at $465,134,000. Hedge funds and other institutional investors own 96.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CSGP shares. William Blair started coverage on shares of CoStar Group in a report on Friday, February 28th. They set a "market perform" rating for the company. The Goldman Sachs Group started coverage on shares of CoStar Group in a report on Friday, February 28th. They set a "buy" rating for the company. Keefe, Bruyette & Woods raised their price target on shares of CoStar Group from $93.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $83.00 price target on shares of CoStar Group in a report on Tuesday. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $85.00 price target on shares of CoStar Group in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.69.

CoStar Group Trading Up 0.3%

CoStar Group stock opened at $81.26 on Thursday. The firm's 50-day moving average is $77.83 and its 200-day moving average is $76.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.01 and a current ratio of 6.01. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $83.68. The company has a market cap of $34.28 billion, a P/E ratio of 280.21, a PEG ratio of 4.08 and a beta of 0.87.

About CoStar Group

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.

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