Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Sells 2,041 Shares of CoStar Group, Inc. (NASDAQ:CSGP)


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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,334 shares of the technology company’s stock after selling 2,041 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in CoStar Group were worth $23,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in CSGP. Alkeon Capital Management LLC boosted its holdings in shares of CoStar Group by 287.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 374,400 shares of the technology company’s stock worth $317,683,000 after purchasing an additional 277,800 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of CoStar Group by 920.6% during the third quarter. CIBC Private Wealth Group LLC now owns 226,564 shares of the technology company’s stock worth $192,241,000 after purchasing an additional 204,364 shares during the last quarter. BlackRock Inc. grew its holdings in shares of CoStar Group by 4.6% in the fourth quarter. BlackRock Inc. now owns 3,500,291 shares of the technology company’s stock worth $3,235,249,000 after purchasing an additional 154,093 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in CoStar Group by 24.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 747,412 shares of the technology company’s stock worth $634,187,000 after buying an additional 147,288 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in CoStar Group by 31.1% during the 3rd quarter. Nuveen Asset Management LLC now owns 460,076 shares of the technology company’s stock valued at $390,379,000 after buying an additional 109,051 shares in the last quarter. Institutional investors own 95.06% of the company’s stock.

A number of brokerages have commented on CSGP. Truist upped their target price on shares of CoStar Group from $850.00 to $1,000.00 in a research note on Wednesday, October 28th. JMP Securities increased their price objective on CoStar Group from $800.00 to $950.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 28th. Wells Fargo & Company lifted their target price on CoStar Group from $900.00 to $915.00 in a research report on Monday, November 23rd. Zacks Investment Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 11th. Finally, TheStreet upgraded CoStar Group from a “c+” rating to a “b” rating in a research note on Thursday, January 21st. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $890.58.

Shares of CoStar Group stock opened at $876.67 on Tuesday. The company has a quick ratio of 16.35, a current ratio of 16.35 and a debt-to-equity ratio of 0.19. The company has a market cap of $34.56 billion, a P/E ratio of 117.67 and a beta of 0.97. The firm’s 50 day moving average price is $903.66 and its 200-day moving average price is $871.76. CoStar Group, Inc. has a 52-week low of $500.24 and a 52-week high of $952.76.

CoStar Group Profile

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily, and student housing properties and land.

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

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