CoStar Group, Inc. (NASDAQ:CSGP) Holdings Increased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 4.4% during the first quarter, Holdings Channel reports. The institutional investor owned 300,684 shares of the technology company’s stock after acquiring an additional 12,706 shares during the period. Asset Management One Co. Ltd.’s holdings in CoStar Group were worth $23,823,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSGP. Atria Wealth Solutions Inc. raised its holdings in shares of CoStar Group by 2.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 7,786 shares of the technology company’s stock worth $557,000 after purchasing an additional 176 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of CoStar Group by 8.2% in the 4th quarter. Private Advisor Group LLC now owns 10,886 shares of the technology company’s stock worth $779,000 after purchasing an additional 828 shares in the last quarter. Lake Street Advisors Group LLC raised its holdings in shares of CoStar Group by 4.7% in the 4th quarter. Lake Street Advisors Group LLC now owns 6,374 shares of the technology company’s stock worth $456,000 after purchasing an additional 289 shares in the last quarter. Bryn Mawr Capital Management LLC bought a new stake in shares of CoStar Group in the 4th quarter worth approximately $398,000. Finally, New York Life Investment Management LLC raised its holdings in shares of CoStar Group by 0.8% in the 4th quarter. New York Life Investment Management LLC now owns 54,782 shares of the technology company’s stock worth $3,922,000 after purchasing an additional 446 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CoStar Group in a report on Friday, February 28th. They issued a “buy” rating and a $89.00 target price on the stock. JMP Securities reiterated a “market outperform” rating and issued a $85.00 target price on shares of CoStar Group in a report on Wednesday, April 30th. Needham & Company LLC boosted their target price 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. Wells Fargo & Company lifted their target price on shares of CoStar Group from $63.00 to $65.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 30th. Finally, Stephens raised shares of CoStar Group to a “strong-buy” rating and set a $105.00 target price on the stock in a research report on Monday, June 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.69.

CoStar Group Stock Performance

Shares of CSGP opened at $81.26 on Thursday. The company’s 50 day moving average price is $77.83 and its 200 day moving average price is $76.42. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $83.68. The company has a market capitalization of $34.28 billion, a PE ratio of 280.21, a PEG ratio of 4.08 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.01 and a current ratio of 6.01.

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.