Nomura Asset Management Co. Ltd. maintained its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,580 shares of the technology company’s stock at the end of the first quarter. Nomura Asset Management Co. Ltd.’s holdings in CoStar Group were worth $742,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Macquarie Group Ltd. boosted its stake in shares of CoStar Group by 56.2% in the fourth quarter. Macquarie Group Ltd. now owns 4,560 shares of the technology company’s stock valued at $860,000 after buying an additional 1,640 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of CoStar Group during the first quarter valued at approximately $1,160,000. Legal & General Group Plc boosted its stake in shares of CoStar Group by 46.5% in the first quarter. Legal & General Group Plc now owns 30,209 shares of the technology company’s stock valued at $6,260,000 after buying an additional 9,589 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of CoStar Group by 275.9% in the first quarter. BNP Paribas Arbitrage SA now owns 2,797 shares of the technology company’s stock valued at $580,000 after buying an additional 2,053 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of CoStar Group by 155.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 64,328 shares of the technology company’s stock valued at $12,125,000 after buying an additional 39,105 shares during the last quarter.

Shares of CoStar Group, Inc. (CSGP) opened at 271.62 on Monday. The company has a market cap of $8.90 billion, a PE ratio of 97.71 and a beta of 1.51. CoStar Group, Inc. has a 52-week low of $179.21 and a 52-week high of $278.30. The company has a 50 day moving average of $257.82 and a 200-day moving average of $219.80.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Wednesday, April 26th. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.11. The business had revenue of $227 million for the quarter, compared to analyst estimates of $224.69 million. CoStar Group had a net margin of 10.47% and a return on equity of 7.23%. CoStar Group’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. Analysts forecast that CoStar Group, Inc. will post $4.37 EPS for the current fiscal year.

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CSGP has been the subject of several recent research reports. Zacks Investment Research upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $272.00 target price for the company in a research report on Tuesday, May 2nd. Needham & Company LLC upped their target price on shares of CoStar Group from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Stephens reiterated an “overweight” rating and set a $275.00 target price (up previously from $260.00) on shares of CoStar Group in a research report on Monday, June 19th. Finally, BidaskClub cut shares of CoStar Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $278.14.

In related news, VP Matthew Linnington sold 1,037 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $240.00, for a total value of $248,880.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael R. Klein sold 20,000 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $265.01, for a total transaction of $5,300,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 114,806 shares of company stock worth $28,471,690. 2.98% of the stock is owned by company insiders.

CoStar Group Company Profile

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.

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

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