Allspring Global Investments Holdings LLC Decreases Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Allspring Global Investments Holdings LLC decreased its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 1.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 476,245 shares of the technology company's stock after selling 6,467 shares during the period. Allspring Global Investments Holdings LLC owned about 0.12% of CoStar Group worth $37,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its position in CoStar Group by 6.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 37,064 shares of the technology company's stock worth $2,653,000 after buying an additional 2,152 shares during the last quarter. Private Trust Co. NA raised its position in CoStar Group by 969.5% in the fourth quarter. Private Trust Co. NA now owns 631 shares of the technology company's stock valued at $45,000 after purchasing an additional 572 shares during the period. Mutual of America Capital Management LLC boosted its holdings in CoStar Group by 14.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 57,775 shares of the technology company's stock valued at $4,136,000 after acquiring an additional 7,311 shares during the period. Norden Group LLC acquired a new position in CoStar Group during the 4th quarter worth $1,100,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of CoStar Group by 37.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 11,970 shares of the technology company's stock worth $857,000 after purchasing an additional 3,239 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

CoStar Group Price Performance

CSGP traded up $0.64 on Friday, hitting $82.06. 1,046,583 shares of the stock were exchanged, compared to its average volume of 2,905,772. The business has a 50-day moving average of $77.93 and a two-hundred day moving average of $76.60. The firm has a market capitalization of $34.62 billion, a price-to-earnings ratio of 282.96, a PEG ratio of 4.10 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.01 and a quick ratio of 6.01. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $83.68.

Wall Street Analyst Weigh In

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

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.