IFM Investors Pty Ltd Has $6.25 Million Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

IFM Investors Pty Ltd boosted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,866 shares of the technology company's stock after purchasing an additional 7,190 shares during the period. IFM Investors Pty Ltd's holdings in CoStar Group were worth $6,251,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CSGP. Jones Financial Companies Lllp raised its position in CoStar Group by 51.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,321 shares of the technology company's stock valued at $95,000 after buying an additional 451 shares during the period. SBI Securities Co. Ltd. acquired a new position in CoStar Group in the fourth quarter worth approximately $30,000. Steward Partners Investment Advisory LLC raised its position in CoStar Group by 497.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,133 shares of the technology company's stock valued at $511,000 after acquiring an additional 5,940 shares in the last quarter. Atria Investments Inc lifted its stake in CoStar Group by 72.9% in the fourth quarter. Atria Investments Inc now owns 53,556 shares of the technology company's stock valued at $3,834,000 after acquiring an additional 22,575 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in CoStar Group by 15.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,192 shares of the technology company's stock valued at $300,000 after acquiring an additional 573 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Performance

Shares of CSGP stock traded down $0.52 during mid-day trading on Monday, reaching $81.60. The stock had a trading volume of 2,291,415 shares, compared to its average volume of 2,909,224. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $83.68. The firm has a market cap of $34.43 billion, a PE ratio of 281.38, a P/E/G ratio of 4.14 and a beta of 0.89. The firm's 50 day simple moving average is $77.92 and its 200 day simple moving average is $76.75. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.12.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. 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. Bank of America began coverage on CoStar Group in a report on Friday, May 30th. They issued a "neutral" rating and a $79.00 target price for the company. Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 target price for the company in a research report on Monday, June 16th. JMP Securities reissued a "market outperform" rating and issued a $85.00 price target on shares of CoStar Group in a research report on Wednesday, April 30th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $83.00 price objective on shares of CoStar Group in a report on Tuesday, June 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CoStar Group presently has a consensus 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.