Kentucky Retirement Systems Insurance Trust Fund Invests $957,000 in CoStar Group, Inc. (NASDAQ:CSGP)

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,074 shares of the technology company's stock, valued at approximately $957,000.

Several other institutional investors also recently added to or reduced their stakes in CSGP. Hopwood Financial Services Inc. acquired a new position in shares of CoStar Group in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new position in CoStar Group during the fourth quarter worth $30,000. Annis Gardner Whiting Capital Advisors LLC raised 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 purchasing an additional 402 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of CoStar Group by 969.5% in the fourth quarter. Private Trust Co. NA now owns 631 shares of the technology company's stock worth $45,000 after acquiring an additional 572 shares during the last quarter. Finally, Colonial Trust Co SC raised its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Trading Up 0.3%

CSGP stock traded up $0.26 during trading on Wednesday, reaching $81.26. 2,998,706 shares of the stock traded hands, compared to its average volume of 2,908,387. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $83.68. The business's 50 day moving average price is $77.83 and its 200-day moving average price is $76.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.01 and a quick ratio of 6.01. The firm has a market capitalization of $34.28 billion, a PE ratio of 280.21, a P/E/G ratio of 4.08 and a beta of 0.87.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CSGP shares. Keefe, Bruyette & Woods boosted their price target on CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. JMP Securities reiterated a "market outperform" rating and issued a $85.00 target price on shares of CoStar Group in a research note on Wednesday, April 30th. William Blair initiated coverage on CoStar Group in a research note on Friday, February 28th. They issued a "market perform" rating for the company. Craig Hallum initiated coverage on CoStar Group in a research note on Friday, February 28th. They issued a "buy" rating for the company. Finally, The Goldman Sachs Group initiated coverage on CoStar Group in a research note on Friday, February 28th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.