Sumitomo Mitsui DS Asset Management Company Ltd Purchases 4,754 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,252 shares of the technology company’s stock after purchasing an additional 4,754 shares during the period. 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 large investors have also modified their holdings of CSGP. Bleakley Financial Group LLC lifted its stake in shares of CoStar Group by 1.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 8,638 shares of the technology company’s stock worth $652,000 after acquiring an additional 138 shares during the last quarter. Moran Wealth Management LLC lifted its position in shares of CoStar Group by 2.0% during the third quarter. Moran Wealth Management LLC now owns 8,027 shares of the technology company’s stock worth $606,000 after purchasing an additional 161 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of CoStar Group by 1.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 19,133 shares of the technology company’s stock valued at $1,443,000 after purchasing an additional 209 shares during the period. Bell Bank grew its holdings in shares of CoStar Group by 1.3% in the third quarter. Bell Bank now owns 18,232 shares of the technology company’s stock worth $1,375,000 after purchasing an additional 234 shares during the last quarter. Finally, Regatta Capital Group LLC increased its stake in CoStar Group by 2.0% in the 3rd quarter. Regatta Capital Group LLC now owns 11,906 shares of the technology company’s stock worth $898,000 after buying an additional 239 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CSGP. StockNews.com cut shares of CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. JMP Securities reissued a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a research note on Monday, December 16th. BMO Capital Markets decreased their target price on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. 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. Finally, Stephens restated an “overweight” rating and issued a $103.00 price objective on shares of CoStar Group in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.23.

CoStar Group Stock Down 1.2 %

Shares of CoStar Group stock opened at $77.25 on Friday. 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 company has a market cap of $31.67 billion, a P/E ratio of 175.57 and a beta of 0.87. The firm’s 50 day moving average price is $74.39 and its 200-day moving average price is $75.48. 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 firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the completion of the sale, the insider now owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.57% of the company’s stock.

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.