CoStar Group, Inc. (NASDAQ:CSGP) Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 20.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,960 shares of the technology company’s stock after buying an additional 1,201 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in CoStar Group were worth $516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Crewe Advisors LLC purchased a new position in shares of CoStar Group in the 1st quarter valued at about $31,000. Riverview Trust Co purchased a new position in CoStar Group in the first quarter valued at approximately $35,000. RiverPark Advisors LLC acquired a new stake in CoStar Group during the first quarter worth approximately $37,000. TFO Wealth Partners LLC raised its holdings in CoStar Group by 5,571.4% during the fourth quarter. TFO Wealth Partners LLC now owns 397 shares of the technology company’s stock worth $350,000 after purchasing an additional 390 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in shares of CoStar Group during the 2nd quarter worth approximately $49,000. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Down 2.4 %

Shares of CoStar Group stock opened at $77.37 on Friday. CoStar Group, Inc. has a one year low of $67.35 and a one year high of $100.38. The company has a market cap of $31.59 billion, a P/E ratio of 105.99, a PEG ratio of 11.55 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.27 and a current ratio of 9.27. The firm has a fifty day moving average of $76.32 and a two-hundred day moving average of $81.96.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The firm had revenue of $677.80 million during the quarter, compared to analysts’ expectations of $677.18 million. During the same period in the prior year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts forecast that CoStar Group, Inc. will post 0.49 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on CSGP shares. Royal Bank of Canada reiterated an “outperform” rating and set a $96.00 price target on shares of CoStar Group in a research note on Tuesday, September 10th. The Goldman Sachs Group cut their target price on CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods decreased their target price on CoStar Group from $109.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. Finally, Robert W. Baird decreased their price objective on CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.38.

About CoStar Group

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.