200,067 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) during the third quarter, HoldingsChannel reports. The institutional investor bought 200,067 shares of the technology company’s stock, valued at approximately $13,936,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. lifted its stake in CoStar Group by 14.8% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,054 shares of the technology company’s stock valued at $366,000 after purchasing an additional 781 shares during the last quarter. Teza Capital Management LLC raised its stake in shares of CoStar Group by 114.0% in the third quarter. Teza Capital Management LLC now owns 11,608 shares of the technology company’s stock valued at $808,000 after buying an additional 6,184 shares during the period. Prudential Financial Inc. lifted its position in shares of CoStar Group by 2,549.7% during the 2nd quarter. Prudential Financial Inc. now owns 570,585 shares of the technology company’s stock valued at $34,358,000 after buying an additional 549,051 shares during the last quarter. Securian Asset Management Inc. bought a new position in shares of CoStar Group during the 3rd quarter worth $2,295,000. Finally, MetLife Investment Management LLC increased its holdings in CoStar Group by 914.8% in the 3rd quarter. MetLife Investment Management LLC now owns 107,363 shares of the technology company’s stock worth $7,478,000 after acquiring an additional 96,783 shares during the last quarter. 97.80% of the stock is owned by institutional investors.

CoStar Group Stock Up 0.6 %

Shares of NASDAQ CSGP opened at $67.75 on Friday. The company has a current ratio of 13.92, a quick ratio of 13.92 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average of $75.24 and a 200-day moving average of $76.10. The firm has a market capitalization of $27.56 billion, a price-to-earnings ratio of 72.85, a PEG ratio of 3.59 and a beta of 0.88. CoStar Group, Inc. has a 12 month low of $53.51 and a 12 month high of $85.37.

Wall Street Analyst Weigh In

CSGP has been the subject of a number of research reports. Bank of America reiterated a “buy” rating and set a $100.00 target price on shares of CoStar Group in a research report on Friday, November 18th. StockNews.com began coverage on shares of CoStar Group in a research note on Thursday. They issued a “hold” rating for the company. BMO Capital Markets dropped their target price on CoStar Group from $84.00 to $68.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 22nd. JMP Securities reiterated a “market outperform” rating and issued a $85.00 price target on shares of CoStar Group in a research report on Wednesday, February 22nd. Finally, The Goldman Sachs Group dropped their price objective on CoStar Group from $102.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday, February 22nd. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and a consensus target price of $86.25.

Insider Buying and Selling at CoStar Group

In other news, insider Michael J. Desmarais sold 5,600 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $70.36, for a total transaction of $394,016.00. Following the sale, the insider now owns 44,846 shares in the company, valued at approximately $3,155,364.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.42% of the stock is currently owned by company insiders.

About CoStar Group

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CoStar Group, Inc engages in providing online real estate marketplaces, information, and analytics in the commercial and residential property markets. It operates through the North America and International geographical segments. The North America segment includes the Unites States and Canada. The International refers to Europe, Asia-Pacific, and Latin America.