CoStar Group, Inc. (NASDAQ:CSGP) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,216 shares of the technology company's stock after purchasing an additional 4,137 shares during the quarter. Nisa Investment Advisors LLC's holdings in CoStar Group were worth $4,771,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bamco Inc. NY increased its position in shares of CoStar Group by 2.2% during the fourth quarter. Bamco Inc. NY now owns 19,203,564 shares of the technology company's stock worth $1,374,783,000 after acquiring an additional 418,128 shares during the last quarter. Capital International Investors increased its position in shares of CoStar Group by 44.9% during the fourth quarter. Capital International Investors now owns 14,032,363 shares of the technology company's stock worth $1,004,578,000 after acquiring an additional 4,345,267 shares during the last quarter. Geode Capital Management LLC increased its position in shares of CoStar Group by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 11,475,755 shares of the technology company's stock worth $819,678,000 after acquiring an additional 166,769 shares during the last quarter. Akre Capital Management LLC increased its position in shares of CoStar Group by 4.3% during the fourth quarter. Akre Capital Management LLC now owns 9,313,880 shares of the technology company's stock worth $666,781,000 after acquiring an additional 379,787 shares during the last quarter. Finally, Polen Capital Management LLC purchased a new stake in shares of CoStar Group during the fourth quarter worth about $465,134,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Stock Performance

Shares of NASDAQ CSGP traded down $0.62 during midday trading on Friday, hitting $85.43. 2,361,767 shares of the company's stock were exchanged, compared to its average volume of 2,902,368. 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's 50 day moving average price is $78.46 and its 200-day moving average price is $77.12. The firm has a market cap of $36.04 billion, a P/E ratio of 294.59, a PEG ratio of 4.30 and a beta of 0.89. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $86.14.

Analysts Set New Price Targets

A number of research firms recently commented on CSGP. Bank of America began coverage on CoStar Group in a research note on Friday, May 30th. They issued a "neutral" rating and a $79.00 price target 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 note on Wednesday, April 30th. Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 price target for the company in a research note on Monday, June 16th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $83.00 price target on shares of CoStar Group in a research note on Tuesday, June 24th. Finally, Wells Fargo & Company lifted their price target on CoStar Group from $63.00 to $65.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.