Mirae Asset Global Investments Co. Ltd. Increases Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 19.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 130,608 shares of the technology company's stock after acquiring an additional 20,912 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in CoStar Group were worth $10,359,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSGP. Hopwood Financial Services Inc. bought a new stake in CoStar Group during the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new position in shares of CoStar Group in the 4th quarter worth approximately $30,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of 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 last quarter. Private Trust Co. NA increased its position in shares of CoStar Group by 969.5% during the 4th 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 last quarter. Finally, Colonial Trust Co SC raised its holdings in CoStar Group by 27.4% during the 4th quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock valued at $48,000 after buying an additional 145 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Stock Up 0.8%

Shares of CoStar Group stock traded up $0.64 during trading on Friday, hitting $82.06. 1,046,583 shares of the stock traded hands, compared to its average volume of 2,905,772. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.12. The stock's fifty day simple moving average is $77.93 and its 200 day simple moving average is $76.60. The firm has a market cap of $34.62 billion, a P/E ratio of 282.96, a price-to-earnings-growth ratio of 4.14 and a beta of 0.89. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $83.68.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CSGP shares. Stephens upgraded shares of CoStar Group to a "strong-buy" rating and set a $105.00 price objective on the stock in a research report on Monday, June 16th. Wells Fargo & Company raised 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. Needham & Company LLC boosted their target price on CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $83.00 target price on shares of CoStar Group in a research note on Tuesday, June 24th. Finally, Bank of America assumed coverage on CoStar Group in a research note on Friday, May 30th. They set a "neutral" rating and a $79.00 price target for the company. Two 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $87.69.

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.