Nomura Holdings Inc. Invests $6.33 Million in CoStar Group, Inc. (NASDAQ:CSGP)

Nomura Holdings Inc. purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 72,469 shares of the technology company’s stock, valued at approximately $6,333,000.

Several other hedge funds also recently modified their holdings of CSGP. Blue Trust Inc. raised its position in CoStar Group by 125.4% in the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after purchasing an additional 173 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new stake in CoStar Group during the 4th quarter worth approximately $37,000. Connectus Wealth LLC increased its position in CoStar Group by 915.0% in the 4th quarter. Connectus Wealth LLC now owns 518,633 shares of the technology company’s stock valued at $45,000 after acquiring an additional 467,534 shares during the period. CVA Family Office LLC bought a new position in shares of CoStar Group during the fourth quarter valued at $60,000. Finally, KB Financial Partners LLC raised its stake in shares of CoStar Group by 17.9% during the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock valued at $63,000 after acquiring an additional 124 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Activity

In related news, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $92.61, for a total value of $11,366,580.96. Following the sale, the chief financial officer now owns 303,417 shares in the company, valued at $28,099,448.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Scott T. Wheeler sold 122,736 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the sale, the chief financial officer now owns 303,417 shares in the company, valued at approximately $28,099,448.37. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael J. Desmarais sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $92.67, for a total transaction of $352,146.00. Following the completion of the sale, the insider now owns 64,087 shares of the company’s stock, valued at $5,938,942.29. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CSGP shares. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 target price on shares of CoStar Group in a research report on Tuesday. Bank of America increased their price objective on shares of CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. BMO Capital Markets boosted their price objective on CoStar Group from $84.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. Stephens reaffirmed an “overweight” rating and set a $105.00 target price on shares of CoStar Group in a research note on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.46.

CoStar Group Trading Down 0.6 %

NASDAQ:CSGP opened at $72.73 on Wednesday. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $29.70 billion, a PE ratio of 99.63, a price-to-earnings-growth ratio of 10.90 and a beta of 0.83. CoStar Group, Inc. has a 12 month low of $67.35 and a 12 month high of $100.38. The firm’s 50 day moving average is $85.02 and its 200 day moving average is $86.15.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, April 23rd. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $656.40 million during the quarter, compared to analyst estimates of $649.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. Sell-side analysts expect that CoStar Group, Inc. will post 0.45 earnings per share for the current year.

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.