Robeco Institutional Asset Management B.V. Sells 25,503 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Robeco Institutional Asset Management B.V. cut its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,955 shares of the technology company's stock after selling 25,503 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in CoStar Group were worth $7,444,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

CSGP has been the topic of several research reports. Stephens raised 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. Bank of America assumed coverage on shares of CoStar Group in a research note on Friday, May 30th. They set a "neutral" rating and a $79.00 price target for the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $83.00 price target on shares of CoStar Group in a report on Tuesday, June 24th. Keefe, Bruyette & Woods increased their price objective on CoStar Group from $93.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, JMP Securities reissued a "market outperform" rating and issued a $85.00 target price on shares of CoStar Group in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $87.69.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP traded up $1.51 during midday trading on Tuesday, reaching $81.91. 3,548,581 shares of the company traded hands, compared to its average volume of 2,901,277. The firm's fifty day moving average price is $77.94 and its two-hundred day moving average price is $76.48. The firm has a market capitalization of $34.56 billion, a price-to-earnings ratio of 282.45, a price-to-earnings-growth ratio of 4.05 and a beta of 0.89. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.12. 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.