Nissay Asset Management Corp Japan ADV Buys 140 Shares of CoStar Group Inc (CSGP)

Nissay Asset Management Corp Japan ADV lifted its stake in CoStar Group Inc (NASDAQ:CSGP) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,071 shares of the technology company’s stock after purchasing an additional 140 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in CoStar Group were worth $1,432,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CSGP. Norges Bank purchased a new position in shares of CoStar Group in the 4th quarter worth approximately $107,490,000. American Century Companies Inc. boosted its holdings in shares of CoStar Group by 124.5% in the 4th quarter. American Century Companies Inc. now owns 481,418 shares of the technology company’s stock worth $162,402,000 after purchasing an additional 266,965 shares during the period. Mackenzie Financial Corp boosted its holdings in CoStar Group by 100.6% during the 4th quarter. Mackenzie Financial Corp now owns 423,354 shares of the technology company’s stock valued at $142,814,000 after acquiring an additional 212,278 shares during the period. JPMorgan Chase & Co. boosted its holdings in CoStar Group by 73.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 478,297 shares of the technology company’s stock valued at $201,288,000 after acquiring an additional 202,743 shares during the period. Finally, BlackRock Inc. boosted its holdings in CoStar Group by 7.0% during the 4th quarter. BlackRock Inc. now owns 3,061,248 shares of the technology company’s stock valued at $1,032,680,000 after acquiring an additional 200,620 shares during the period. Hedge funds and other institutional investors own 96.17% of the company’s stock.

In other CoStar Group news, insider Andrew C. Florance sold 55,322 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $473.38, for a total value of $26,188,328.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Matthew Linnington sold 4,701 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $477.31, for a total value of $2,243,834.31. The disclosure for this sale can be found here. Insiders sold a total of 65,419 shares of company stock valued at $31,001,252 over the last quarter. Company insiders own 2.47% of the company’s stock.

A number of research firms recently issued reports on CSGP. Wells Fargo & Co boosted their price objective on CoStar Group from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Needham & Company LLC boosted their price objective on CoStar Group from $500.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Zacks Investment Research cut CoStar Group from a “buy” rating to a “hold” rating in a report on Monday, May 13th. BidaskClub upgraded CoStar Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 30th. Finally, Citigroup boosted their price objective on CoStar Group from $490.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $538.25.

Shares of CSGP stock opened at $517.61 on Friday. CoStar Group Inc has a twelve month low of $315.85 and a twelve month high of $524.66. The firm has a market capitalization of $18.96 billion, a price-to-earnings ratio of 69.95, a PEG ratio of 3.44 and a beta of 1.45.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, April 23rd. The technology company reported $2.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.11. CoStar Group had a return on equity of 10.09% and a net margin of 21.76%. The business had revenue of $328.00 million during the quarter, compared to analysts’ expectations of $327.45 million. During the same period in the prior year, the business earned $1.44 EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, sell-side analysts predict that CoStar Group Inc will post 9.01 earnings per share for the current fiscal year.

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CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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