CoStar Group, Inc. (NASDAQ:CSGP) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 3.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 59,970 shares of the technology company’s stock after purchasing an additional 1,957 shares during the quarter. Daiwa Securities Group Inc.’s holdings in CoStar Group were worth $5,241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in CoStar Group in the fourth quarter worth about $320,866,000. Mackenzie Financial Corp lifted its holdings in CoStar Group by 343.8% during the 1st quarter. Mackenzie Financial Corp now owns 2,913,586 shares of the technology company’s stock worth $194,074,000 after buying an additional 2,257,140 shares during the last quarter. Capital International Investors acquired a new position in shares of CoStar Group in the 1st quarter worth approximately $101,893,000. Renaissance Technologies LLC bought a new stake in shares of CoStar Group in the 1st quarter valued at approximately $94,633,000. Finally, Wellington Management Group LLP raised its position in shares of CoStar Group by 51.3% during the 1st quarter. Wellington Management Group LLP now owns 3,477,341 shares of the technology company’s stock valued at $231,626,000 after acquiring an additional 1,178,764 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Jefferies Financial Group increased their price objective on shares of CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. BTIG Research started coverage on CoStar Group in a research note on Friday, January 19th. They issued a “neutral” rating for the company. Needham & Company LLC dropped their price target on CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, JMP Securities reissued a “market outperform” rating and issued a $110.00 price target on shares of CoStar Group in a report on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $100.50.

CoStar Group Stock Performance

Shares of NASDAQ CSGP opened at $84.26 on Friday. CoStar Group, Inc. has a 1 year low of $67.35 and a 1 year high of $100.38. The firm has a market cap of $34.41 billion, a P/E ratio of 91.59, a PEG ratio of 9.68 and a beta of 0.84. The stock has a fifty day moving average price of $89.10 and a two-hundred day moving average price of $84.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. The firm had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $634.27 million. During the same period in the previous year, the business earned $0.35 earnings per share. CoStar Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts forecast that CoStar Group, Inc. will post 0.44 EPS for the current fiscal year.

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.