New York State Teachers Retirement System Trims Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

New York State Teachers Retirement System lowered its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 320,422 shares of the technology company's stock after selling 10,157 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of CoStar Group worth $25,387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC boosted its position in shares of CoStar Group by 27.4% during the fourth 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 last quarter. DoubleLine ETF Adviser LP lifted its stake in CoStar Group by 0.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock valued at $2,105,000 after acquiring an additional 146 shares in the last quarter. Aurora Investment Managers LLC. lifted its stake in CoStar Group by 0.7% during the 1st quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock valued at $1,771,000 after acquiring an additional 164 shares in the last quarter. Moran Wealth Management LLC boosted its holdings in CoStar Group by 2.2% during the 4th quarter. Moran Wealth Management LLC now owns 8,207 shares of the technology company's stock worth $588,000 after acquiring an additional 180 shares during the last quarter. Finally, CVA Family Office LLC grew its stake in shares of CoStar Group by 28.3% in the 1st quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock worth $67,000 after acquiring an additional 186 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reissued a "sector perform" rating and set a $83.00 price target on shares of CoStar Group in a research report on Tuesday, June 24th. Wells Fargo & Company increased their price objective 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. JMP Securities restated a "market outperform" rating and issued a $85.00 target price on shares of CoStar Group in a research note on Wednesday, April 30th. Needham & Company LLC upped their target price on CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Bank of America started coverage on CoStar Group in a research report on Friday, May 30th. They set a "neutral" rating and a $79.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CoStar Group currently has an average rating of "Moderate Buy" and an average target price of $87.69.

CoStar Group Stock Performance

NASDAQ:CSGP traded up $0.64 during trading hours on Friday, reaching $82.06. The stock had a trading volume of 1,046,583 shares, compared to its average volume of 2,911,706. The stock 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. The stock has a 50 day simple moving average of $77.92 and a 200 day simple moving average of $76.66. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.01 and a current ratio of 6.01. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $83.68.

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.