Vanderbilt University increased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 133.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,179 shares of the technology company's stock after purchasing an additional 50,424 shares during the period. CoStar Group accounts for 1.3% of Vanderbilt University's holdings, making the stock its 12th biggest holding. Vanderbilt University's holdings in CoStar Group were worth $6,986,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CSGP. Polen Capital Management LLC bought a new position in shares of CoStar Group during the fourth quarter valued at approximately $465,134,000. Norges Bank bought a new position in shares of CoStar Group during the fourth quarter valued at approximately $390,755,000. Capital International Investors boosted its stake in CoStar Group by 44.9% in the fourth quarter. Capital International Investors now owns 14,032,363 shares of the technology company's stock valued at $1,004,578,000 after acquiring an additional 4,345,267 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in CoStar Group by 24.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,415,895 shares of the technology company's stock valued at $459,314,000 after acquiring an additional 1,267,263 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in CoStar Group by 2,181.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,129,307 shares of the technology company's stock valued at $80,847,000 after acquiring an additional 1,079,815 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.
CoStar Group Price Performance
CSGP traded up $0.08 on Friday, reaching $79.65. 4,689,580 shares of the company's stock were exchanged, compared to its average volume of 2,926,396. The stock has a market cap of $33.60 billion, a PE ratio of 274.66, a P/E/G ratio of 4.01 and a beta of 0.87. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $83.68. The stock's fifty day moving average price is $77.77 and its 200-day moving average price is $76.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.01 and a quick ratio of 6.01.
Analyst Upgrades and Downgrades
CSGP has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of CoStar Group from $93.00 to $95.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. William Blair initiated coverage on shares of CoStar Group in a research note on Friday, February 28th. They issued a "market perform" rating for the company. Wells Fargo & Company raised their target price 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. Needham & Company LLC raised their target price on shares of CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Craig Hallum initiated coverage on shares of CoStar Group in a research note on Friday, February 28th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $87.69.
Check Out Our Latest Report on CoStar Group
About CoStar Group
(
Free Report)
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.
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