Asset Management One Co. Ltd. Has $23.07 Million Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Asset Management One Co. Ltd. cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 262,154 shares of the technology company’s stock after selling 5,661 shares during the period. Asset Management One Co. Ltd. owned 0.06% of CoStar Group worth $23,072,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CSGP. Raymond James Financial Services Advisors Inc. boosted its position in CoStar Group by 111.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,683 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 8,253 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in CoStar Group by 504.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,874 shares of the technology company’s stock valued at $125,000 after purchasing an additional 1,564 shares during the last quarter. MetLife Investment Management LLC acquired a new position in CoStar Group during the first quarter valued at approximately $1,427,000. Panagora Asset Management Inc. boosted its position in CoStar Group by 10.6% during the first quarter. Panagora Asset Management Inc. now owns 12,007 shares of the technology company’s stock valued at $800,000 after purchasing an additional 1,152 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its position in CoStar Group by 32.3% during the first quarter. Raymond James Trust N.A. now owns 5,884 shares of the technology company’s stock valued at $392,000 after purchasing an additional 1,435 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Up 3.2 %

CSGP opened at $94.75 on Friday. CoStar Group, Inc. has a fifty-two week low of $67.22 and a fifty-two week high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01. The company has a market capitalization of $38.70 billion, a P/E ratio of 102.99, a P/E/G ratio of 10.37 and a beta of 0.84. The stock has a fifty day moving average of $87.86 and a 200-day moving average of $83.51.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The company had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. During the same quarter last year, the firm earned $0.35 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts expect that CoStar Group, Inc. will post 0.44 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on CSGP shares. Needham & Company LLC dropped their price objective on CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Citigroup raised their price target on CoStar Group from $90.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. JMP Securities raised their price target on CoStar Group from $85.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, March 18th. BMO Capital Markets cut their price target on CoStar Group from $84.00 to $79.00 and set a “market perform” rating for the company in a report on Thursday, February 22nd. Finally, BTIG Research started coverage on CoStar Group in a report on Friday, January 19th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.70.

CoStar Group Company 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.