CoStar Group, Inc. (NASDAQ:CSGP) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 5.1% during the fourth quarter, Holdings Channel reports. The fund owned 98,252 shares of the technology company’s stock after buying an additional 4,754 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CoStar Group were worth $7,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CSGP. Barclays PLC grew its holdings in CoStar Group by 91.4% during the third quarter. Barclays PLC now owns 2,249,188 shares of the technology company’s stock worth $169,678,000 after acquiring an additional 1,073,793 shares during the period. JPMorgan Chase & Co. boosted its position in CoStar Group by 73.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,358,331 shares of the technology company’s stock worth $177,913,000 after purchasing an additional 1,001,177 shares in the last quarter. State Street Corp grew its stake in shares of CoStar Group by 4.4% during the 3rd quarter. State Street Corp now owns 17,059,744 shares of the technology company’s stock worth $1,286,987,000 after purchasing an additional 722,153 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of CoStar Group during the 3rd quarter valued at approximately $48,768,000. Finally, Icon Wealth Advisors LLC lifted its stake in shares of CoStar Group by 8,314.1% in the 3rd quarter. Icon Wealth Advisors LLC now owns 409,934 shares of the technology company’s stock valued at $30,925,000 after purchasing an additional 405,062 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insider Activity at CoStar Group

In other news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction that occurred 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 directly owns 58,798 shares in the company, valued at $4,696,784.24. The trade was a 8.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stephens restated an “overweight” rating and set a $103.00 price target on shares of CoStar Group in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. 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 report on Tuesday, January 28th. Citigroup dropped their price objective on CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of CoStar Group in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $90.23.

CoStar Group Price Performance

Shares of NASDAQ CSGP opened at $77.25 on Friday. The firm has a 50-day simple moving average of $74.39 and a 200-day simple moving average of $75.48. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $31.67 billion, a price-to-earnings ratio of 175.57 and a beta of 0.87. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $100.38.

About CoStar Group

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.