CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 556,495 shares of the technology company’s stock after purchasing an additional 22,138 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in CoStar Group were worth $46,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its position in CoStar Group by 1,393.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 12,189 shares of the technology company’s stock worth $1,065,000 after acquiring an additional 11,373 shares during the last quarter. Deutsche Bank AG increased its stake in CoStar Group by 37.1% in the third quarter. Deutsche Bank AG now owns 739,725 shares of the technology company’s stock valued at $56,877,000 after purchasing an additional 200,183 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its position in CoStar Group by 11.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,589 shares of the technology company’s stock worth $312,000 after buying an additional 376 shares during the period. Simplicity Solutions LLC boosted its stake in CoStar Group by 5.7% in the 4th quarter. Simplicity Solutions LLC now owns 7,971 shares of the technology company’s stock worth $697,000 after buying an additional 431 shares during the last quarter. Finally, LGT Group Foundation grew its holdings in CoStar Group by 45.2% in the 4th quarter. LGT Group Foundation now owns 59,237 shares of the technology company’s stock valued at $5,213,000 after buying an additional 18,442 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CSGP shares. Robert W. Baird upped their price target on shares of CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. BTIG Research assumed coverage on CoStar Group in a report on Friday, January 19th. They set a “neutral” rating on the stock. Stephens reiterated an “overweight” rating and set a $105.00 price objective on shares of CoStar Group in a research report on Wednesday, April 24th. Needham & Company LLC raised their price target on CoStar Group from $90.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods increased their target price on CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and an average target price of $102.46.

Insider Activity

In other news, CFO Scott T. Wheeler sold 122,736 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 303,417 shares in the company, valued at approximately $28,099,448.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CoStar Group news, insider Michael J. Desmarais sold 3,800 shares of CoStar Group stock in a transaction on Friday, April 26th. The shares were sold at an average price of $92.67, for a total value of $352,146.00. Following the completion of the sale, the insider now directly owns 64,087 shares of the company’s stock, valued at $5,938,942.29. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 303,417 shares of the company’s stock, valued at approximately $28,099,448.37. The disclosure for this sale can be found here. 1.58% of the stock is currently owned by insiders.

CoStar Group Stock Up 0.8 %

NASDAQ:CSGP traded up $0.70 during trading hours on Wednesday, reaching $88.48. 1,653,763 shares of the stock were exchanged, compared to its average volume of 2,105,368. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.09 and a quick ratio of 9.09. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The stock has a market cap of $36.13 billion, a PE ratio of 121.56, a PEG ratio of 9.92 and a beta of 0.84. The firm has a 50 day moving average of $91.11 and a 200 day moving average of $86.07.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, April 23rd. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The firm had revenue of $656.40 million for the quarter, compared to analysts’ expectations of $649.27 million. On average, equities analysts expect that CoStar Group, Inc. will post 0.45 earnings per share for the current year.

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.