Kentucky Retirement Systems Insurance Trust Fund Makes New Investment in CoStar Group, Inc. (NASDAQ:CSGP)

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

Several other hedge funds also recently made changes to their positions in the company. Hopwood Financial Services Inc. bought a new position in shares of CoStar Group during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new stake in shares of CoStar Group in the 4th quarter worth approximately $30,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in CoStar Group by 414.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock valued at $36,000 after purchasing an additional 402 shares during the period. Private Trust Co. NA grew its stake in CoStar Group by 969.5% during the 4th quarter. Private Trust Co. NA now owns 631 shares of the technology company's stock worth $45,000 after buying an additional 572 shares during the last quarter. Finally, Colonial Trust Co SC grew its stake in CoStar Group by 27.4% during the 4th quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock worth $48,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CSGP. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoStar Group in a report on Friday, February 28th. They set a "buy" rating and a $89.00 price target for the company. Wells Fargo & Company boosted their target price on shares of CoStar Group from $63.00 to $65.00 and gave the company an "underweight" rating in a research note on Wednesday, April 30th. William Blair initiated coverage on shares of CoStar Group in a research note on Friday, February 28th. They issued a "market perform" rating on the stock. Keefe, Bruyette & Woods boosted their price objective on CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 price objective for the company in a report on Monday, June 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $87.69.

CoStar Group Trading Down 0.9%

Shares of CSGP stock traded down $0.74 on Friday, reaching $80.76. 3,549,427 shares of the stock were exchanged, compared to its average volume of 2,907,313. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $83.68. The stock has a 50 day moving average price of $77.87 and a 200 day moving average price of $76.44. 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 stock has a market cap of $34.07 billion, a PE ratio of 278.48, a P/E/G ratio of 4.09 and a beta of 0.87.

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.