Teacher Retirement System of Texas Purchases 57,760 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Teacher Retirement System of Texas raised its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 1,505.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 61,596 shares of the technology company's stock after buying an additional 57,760 shares during the quarter. Teacher Retirement System of Texas' holdings in CoStar Group were worth $4,880,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CSGP. Hopwood Financial Services Inc. bought a new stake in shares of CoStar Group during the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new position in CoStar Group during the fourth quarter valued at about $30,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in CoStar Group by 414.4% during the fourth 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 period. Colonial Trust Co SC raised its position in CoStar Group by 27.4% in the fourth quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock worth $48,000 after acquiring an additional 145 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in CoStar Group by 77.1% in the 4th quarter. Farther Finance Advisors LLC now owns 850 shares of the technology company's stock valued at $61,000 after acquiring an additional 370 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of CoStar Group from $63.00 to $65.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 30th. Bank of America assumed coverage on CoStar Group in a research report on Friday, May 30th. They set a "neutral" rating and a $79.00 price objective for the company. Needham & Company LLC raised their price objective on CoStar Group from $87.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods raised their price objective on CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $83.00 price objective on shares of CoStar Group in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $87.69.

CoStar Group Stock Down 0.7%

NASDAQ:CSGP traded down $0.62 on Friday, hitting $85.43. 2,361,767 shares of the company's stock traded hands, compared to its average volume of 2,903,436. The company has a market cap of $36.04 billion, a PE ratio of 294.59, a price-to-earnings-growth ratio of 4.26 and a beta of 0.89. The firm has a 50-day moving average price of $78.31 and a 200-day moving average price of $77.01. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $86.33. 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.