Asset Management One Co. Ltd. Has $20.80 Million Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Asset Management One Co. Ltd. raised its position in CoStar Group, Inc. (NASDAQ:CSGP) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 287,978 shares of the technology company’s stock after purchasing an additional 5,150 shares during the period. Asset Management One Co. Ltd.’s holdings in CoStar Group were worth $20,798,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. ORG Partners LLC raised its position in CoStar Group by 534.8% in the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock valued at $30,000 after buying an additional 353 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of CoStar Group in the fourth quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of CoStar Group by 17,100.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock worth $37,000 after purchasing an additional 513 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in CoStar Group during the third quarter worth $40,000. Finally, CENTRAL TRUST Co grew its position in CoStar Group by 1,825.5% in the fourth quarter. CENTRAL TRUST Co now owns 982 shares of the technology company’s stock valued at $70,000 after purchasing an additional 931 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Performance

NASDAQ CSGP opened at $74.06 on Friday. The stock has a market cap of $30.36 billion, a PE ratio of 168.32 and a beta of 0.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. The firm has a 50-day moving average of $73.90 and a 200-day moving average of $75.40. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38.

Insiders Place Their Bets

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the transaction, the insider now owns 58,798 shares in the company, valued at $4,696,784.24. This trade represents a 8.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.57% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $83.00 price target on shares of CoStar Group in a research report on Friday, January 10th. Keefe, Bruyette & Woods reduced their price target on CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. William Blair restated an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. Wells Fargo & Company initiated coverage on CoStar Group in a research note on Wednesday, February 5th. They set an “underweight” rating and a $65.00 price objective on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of CoStar Group in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.23.

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.