China Universal Asset Management Co. Ltd. increased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 51.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,130 shares of the technology company's stock after buying an additional 3,458 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in CoStar Group were worth $803,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new stake in shares of CoStar Group in the 4th quarter valued at about $25,000. Wayfinding Financial LLC acquired a new position in CoStar Group during the 1st quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new position in CoStar Group during the 4th quarter worth approximately $30,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in CoStar Group by 414.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock worth $36,000 after acquiring an additional 402 shares during the last quarter. Finally, Colonial Trust Co SC boosted its holdings in shares of CoStar Group by 27.4% in the 4th quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock valued at $48,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.
Analyst Ratings Changes
CSGP has been the topic of a number of research analyst reports. Needham & Company LLC increased their price target on CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Wells Fargo & Company raised their price target on CoStar Group from $63.00 to $65.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 30th. Bank of America assumed coverage on CoStar Group in a research note on Friday, May 30th. They issued a "neutral" rating and a $79.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price target on CoStar Group from $93.00 to $95.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, JMP Securities restated a "market outperform" rating and set a $85.00 price objective on shares of CoStar Group in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $87.69.
View Our Latest Research Report on CSGP
CoStar Group Stock Up 2.0%
Shares of NASDAQ CSGP traded up $1.67 during midday trading on Wednesday, hitting $84.50. 2,025,870 shares of the stock traded hands, compared to its average volume of 2,909,591. The company has a market cap of $35.65 billion, a PE ratio of 291.38, a P/E/G ratio of 4.11 and a beta of 0.89. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $84.54. The business has a 50 day moving average price of $77.92 and a two-hundred day moving average price of $76.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.01 and a current ratio of 6.01.
About CoStar Group
(
Free Report)
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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