Vantage Investment Partners LLC Purchases 161,664 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Vantage Investment Partners LLC raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 86.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 348,860 shares of the technology company's stock after purchasing an additional 161,664 shares during the period. CoStar Group comprises approximately 3.0% of Vantage Investment Partners LLC's holdings, making the stock its 12th largest holding. Vantage Investment Partners LLC owned about 0.09% of CoStar Group worth $30,487,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG increased its holdings in shares of CoStar Group by 37.1% in the 3rd quarter. Deutsche Bank AG now owns 739,725 shares of the technology company's stock valued at $56,877,000 after acquiring an additional 200,183 shares during the last quarter. Simplicity Solutions LLC raised its position in shares of CoStar Group by 5.7% during the 4th quarter. Simplicity Solutions LLC now owns 7,971 shares of the technology company's stock valued at $697,000 after acquiring an additional 431 shares in the last quarter. Wellington Management Group LLP raised its position in shares of CoStar Group by 22.7% during the 3rd quarter. Wellington Management Group LLP now owns 3,580,549 shares of the technology company's stock valued at $275,308,000 after acquiring an additional 662,592 shares in the last quarter. LPL Financial LLC raised its position in shares of CoStar Group by 16.8% during the 3rd quarter. LPL Financial LLC now owns 86,580 shares of the technology company's stock valued at $6,657,000 after acquiring an additional 12,422 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of CoStar Group by 6.0% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,559 shares of the technology company's stock valued at $351,000 after acquiring an additional 260 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Up 0.1 %

NASDAQ CSGP traded up $0.08 during trading on Friday, reaching $84.26. 2,067,344 shares of the company's stock were exchanged, compared to its average volume of 1,658,954. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The firm has a market capitalization of $34.41 billion, a PE ratio of 91.59, a P/E/G ratio of 9.69 and a beta of 0.84. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The company's fifty day simple moving average is $89.10 and its 200-day simple moving average is $84.52.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The firm had revenue of $640.00 million during the quarter, compared to analyst estimates of $634.27 million. During the same period last year, the company posted $0.35 EPS. The business's quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts predict that CoStar Group, Inc. will post 0.44 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CSGP shares. Bank of America increased their target price on CoStar Group from $97.00 to $111.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Needham & Company LLC decreased their target price on CoStar Group from $105.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, February 21st. Robert W. Baird raised their target price on CoStar Group from $90.00 to $105.00 and gave the company an "outperform" rating in a research note on Monday, March 18th. JMP Securities reaffirmed a "market outperform" rating and set a $110.00 target price on shares of CoStar Group in a research note on Friday, April 12th. Finally, BMO Capital Markets raised their target price on CoStar Group from $79.00 to $84.00 and gave the company a "market perform" rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $100.50.

CoStar Group 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.