CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by BNP Paribas Arbitrage SNC

BNP Paribas Arbitrage SNC lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) by 112.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 270,653 shares of the technology company’s stock after purchasing an additional 143,135 shares during the period. BNP Paribas Arbitrage SNC’s holdings in CoStar Group were worth $18,851,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of CoStar Group by 22.1% during the third quarter. Vanguard Group Inc. now owns 42,997,622 shares of the technology company’s stock worth $2,994,784,000 after buying an additional 7,780,240 shares in the last quarter. BlackRock Inc. boosted its holdings in CoStar Group by 42.0% in the third quarter. BlackRock Inc. now owns 28,633,861 shares of the technology company’s stock valued at $1,994,349,000 after purchasing an additional 8,470,338 shares in the last quarter. State Street Corp boosted its holdings in CoStar Group by 84.0% in the third quarter. State Street Corp now owns 14,630,966 shares of the technology company’s stock valued at $1,019,047,000 after purchasing an additional 6,681,249 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in CoStar Group by 5.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,492,550 shares of the technology company’s stock valued at $730,805,000 after purchasing an additional 526,669 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in CoStar Group by 2.2% in the second quarter. Macquarie Group Ltd. now owns 8,429,294 shares of the technology company’s stock valued at $509,214,000 after purchasing an additional 180,066 shares in the last quarter. 97.80% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Up 1.2 %

CSGP opened at $67.62 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 13.92 and a current ratio of 13.92. The company has a market capitalization of $27.51 billion, a PE ratio of 72.71, a P/E/G ratio of 3.61 and a beta of 0.88. The stock’s fifty day moving average is $75.59 and its 200-day moving average is $76.22. CoStar Group, Inc. has a one year low of $53.51 and a one year high of $85.37.

Insider Buying and Selling at CoStar Group

In related news, insider Michael J. Desmarais sold 5,600 shares of the business’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $70.36, for a total transaction of $394,016.00. Following the completion of the transaction, the insider now owns 44,846 shares of the company’s stock, valued at approximately $3,155,364.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CSGP. Needham & Company LLC lowered their price target on CoStar Group from $95.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. JPMorgan Chase & Co. began coverage on CoStar Group in a research note on Friday, December 16th. They issued an “overweight” rating and a $100.00 price objective for the company. BMO Capital Markets reduced their price objective on CoStar Group from $84.00 to $68.00 and set a “market perform” rating for the company in a research note on Wednesday, February 22nd. Stephens reduced their price objective on CoStar Group from $90.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, February 22nd. Finally, Bank of America reiterated a “buy” rating and issued a $100.00 price objective on shares of CoStar Group in a research note on Friday, November 18th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.25.

CoStar Group Profile

(Get Rating)

CoStar Group, Inc provides commercial real estate information, analytics, and online marketplaces to the commercial real estate and related business communities. The firm’s suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values and market conditions.