CoStar Group, Inc. (NASDAQ:CSGP) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 280,752 shares of the technology company's stock after acquiring an additional 8,619 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.07% of CoStar Group worth $22,244,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in CoStar Group by 6.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,131 shares of the technology company's stock worth $3,021,000 after acquiring an additional 2,241 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of CoStar Group during the first quarter worth about $957,000. Kentucky Retirement Systems lifted its holdings in shares of CoStar Group by 0.7% during the first quarter. Kentucky Retirement Systems now owns 28,348 shares of the technology company's stock worth $2,246,000 after purchasing an additional 186 shares during the period. PFG Investments LLC acquired a new stake in shares of CoStar Group during the first quarter worth about $234,000. Finally, Proathlete Wealth Management LLC acquired a new stake in shares of CoStar Group during the first quarter worth about $132,000. Institutional investors and hedge funds own 96.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $83.00 target price on shares of CoStar Group in a report on Thursday, April 17th. William Blair assumed coverage on CoStar Group in a report on Friday, February 28th. They set a "market perform" rating for the company. Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 target price for the company in a report on Monday, June 16th. Needham & Company LLC lifted their target price on CoStar Group from $87.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group assumed coverage on CoStar Group in a report on Friday, February 28th. They set a "buy" rating for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $87.69.

CoStar Group Trading Up 0.1%

Shares of NASDAQ:CSGP opened at $79.65 on Monday. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $83.68. The company has a market capitalization of $33.60 billion, a PE ratio of 274.66, a PEG ratio of 4.01 and a beta of 0.87. The business has a 50 day moving average of $77.77 and a two-hundred day moving average of $76.33. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.12.

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.

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