State of Alaska Department of Revenue bought a new stake in CoStar Group Inc (NASDAQ:CSGP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,250 shares of the technology company’s stock, valued at approximately $4,528,000.

Several other large investors have also recently modified their holdings of CSGP. Toronto Dominion Bank boosted its holdings in shares of CoStar Group by 12.3% in the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock valued at $106,000 after acquiring an additional 44 shares in the last quarter. First Manhattan Co. purchased a new stake in shares of CoStar Group in the third quarter valued at about $187,000. Cubist Systematic Strategies LLC purchased a new stake in shares of CoStar Group in the second quarter valued at about $188,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of CoStar Group by 54.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 779 shares of the technology company’s stock valued at $210,000 after acquiring an additional 273 shares in the last quarter. Finally, ETRADE Capital Management LLC purchased a new stake in shares of CoStar Group in the third quarter valued at about $234,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on CSGP. BidaskClub downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Bank of America reissued a “buy” rating and set a $306.00 price objective on shares of CoStar Group in a report on Thursday, October 5th. Goldman Sachs Group began coverage on shares of CoStar Group in a report on Wednesday, November 8th. They set a “buy” rating and a $359.00 price objective on the stock. Zacks Investment Research downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, SunTrust Banks reissued a “buy” rating and set a $335.00 price objective on shares of CoStar Group in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $341.20.

Shares of CoStar Group Inc (CSGP) opened at $341.20 on Monday. The company has a market cap of $12,332.84, a PE ratio of 103.08, a P/E/G ratio of 3.77 and a beta of 1.56. CoStar Group Inc has a fifty-two week low of $197.18 and a fifty-two week high of $344.66. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.15.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.28. The firm had revenue of $248.00 million for the quarter, compared to the consensus estimate of $243.44 million. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 earnings per share. analysts forecast that CoStar Group Inc will post 3.95 EPS for the current year.

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About CoStar Group

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.

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

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