Ninety One UK Ltd Decreases Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Ninety One UK Ltd lessened its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 356,947 shares of the technology company's stock after selling 35,491 shares during the period. Ninety One UK Ltd owned about 0.09% of CoStar Group worth $28,281,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in shares of CoStar Group by 42.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock valued at $96,000 after acquiring an additional 360 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of CoStar Group in the 1st quarter valued at about $221,000. Steward Partners Investment Advisory LLC grew its holdings in shares of CoStar Group by 497.9% in the 4th 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. PFG Investments LLC bought a new position in shares of CoStar Group in the 1st quarter valued at about $234,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of CoStar Group by 6.3% in the 1st quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company's stock valued at $268,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 96.60% of the company's stock.

CoStar Group Stock Down 0.7%

Shares of CSGP traded down $0.62 on Friday, reaching $85.43. The company's stock had a trading volume of 2,361,767 shares, compared to its average volume of 2,902,368. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $86.14. The stock has a market capitalization of $36.04 billion, a PE ratio of 294.59, a PEG ratio of 4.30 and a beta of 0.89. The firm has a fifty day moving average of $78.46 and a 200-day moving average of $77.12.

Analyst Ratings Changes

CSGP has been the subject of several recent analyst reports. Bank of America assumed coverage on shares of CoStar Group in a research note on Friday, May 30th. They issued a "neutral" rating and a $79.00 target price for the company. JMP Securities reiterated a "market outperform" rating and issued a $85.00 price target on shares of CoStar Group in a research report on Wednesday, April 30th. Wells Fargo & Company boosted their price objective on shares of CoStar Group from $63.00 to $65.00 and gave the company an "underweight" rating in a research report on Wednesday, April 30th. Needham & Company LLC upped their price target on shares of CoStar Group from $87.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods upped their price target on shares of CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.