Nomura Holdings Inc. acquired a new position in shares of CoStar Group Inc (NASDAQ:CSGP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,517 shares of the technology company’s stock, valued at approximately $848,000.

A number of other hedge funds also recently added to or reduced their stakes in CSGP. Mackenzie Financial Corp raised its holdings in CoStar Group by 100.6% during the fourth quarter. Mackenzie Financial Corp now owns 423,354 shares of the technology company’s stock worth $142,814,000 after purchasing an additional 212,278 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in CoStar Group by 73.6% during the third quarter. JPMorgan Chase & Co. now owns 478,297 shares of the technology company’s stock worth $201,288,000 after purchasing an additional 202,743 shares in the last quarter. BlackRock Inc. raised its holdings in CoStar Group by 7.0% during the fourth quarter. BlackRock Inc. now owns 3,061,248 shares of the technology company’s stock worth $1,032,680,000 after purchasing an additional 200,620 shares in the last quarter. Citadel Advisors LLC raised its holdings in CoStar Group by 160.5% during the third quarter. Citadel Advisors LLC now owns 242,528 shares of the technology company’s stock worth $102,066,000 after purchasing an additional 149,415 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in CoStar Group by 42,518.1% during the third quarter. Rehmann Capital Advisory Group now owns 134,247 shares of the technology company’s stock worth $319,000 after purchasing an additional 133,932 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on CSGP. B. Riley raised their price objective on shares of CoStar Group from $460.00 to $512.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Bank of America restated a “buy” rating and set a $460.00 target price (up from $429.00) on shares of CoStar Group in a research report on Wednesday, February 27th. Wells Fargo & Co raised their target price on shares of CoStar Group from $475.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 27th. SunTrust Banks raised their target price on shares of CoStar Group to $460.00 and gave the stock a “positive” rating in a research report on Wednesday, February 27th. Finally, BidaskClub upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $457.22.

Shares of NASDAQ CSGP opened at $469.13 on Friday. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of 63.40, a P/E/G ratio of 3.08 and a beta of 1.46. CoStar Group Inc has a one year low of $315.85 and a one year high of $484.92.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, February 26th. The technology company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.53 by $0.28. The company had revenue of $315.57 million for the quarter, compared to analyst estimates of $310.19 million. CoStar Group had a net margin of 20.00% and a return on equity of 9.30%. The business’s revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. As a group, sell-side analysts predict that CoStar Group Inc will post 9.03 earnings per share for the current fiscal year.

In other CoStar Group news, Director John W. Hill sold 1,042 shares of the business’s stock in a transaction on Wednesday, December 26th. The shares were sold at an average price of $330.88, for a total transaction of $344,776.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrew C. Florance sold 55,322 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $473.38, for a total transaction of $26,188,328.36. The disclosure for this sale can be found here. Insiders have sold a total of 66,461 shares of company stock worth $31,346,029 over the last 90 days. Insiders own 2.47% of the company’s stock.

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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 provides inventory of office, industrial, retail, and multifamily properties and land.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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

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