Allianz Asset Management GmbH bought a new position in shares of CoStar Group Inc (NASDAQ:CSGP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 32,684 shares of the technology company’s stock, valued at approximately $9,706,000. Allianz Asset Management GmbH owned about 0.09% of CoStar Group as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently bought and sold shares of CSGP. JPMorgan Chase & Co. grew its stake in CoStar Group by 1,019.7% in the third quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock worth $186,210,000 after purchasing an additional 637,278 shares in the last quarter. BlackRock Inc. grew its stake in CoStar Group by 12.5% in the fourth quarter. BlackRock Inc. now owns 1,794,476 shares of the technology company’s stock worth $532,869,000 after purchasing an additional 199,267 shares in the last quarter. Citadel Advisors LLC grew its stake in CoStar Group by 947.8% in the third quarter. Citadel Advisors LLC now owns 146,123 shares of the technology company’s stock worth $39,198,000 after purchasing an additional 132,177 shares in the last quarter. Caledonia Private Investments Pty Ltd acquired a new position in CoStar Group in the third quarter worth about $22,801,000. Finally, Janus Henderson Group PLC grew its stake in CoStar Group by 3.1% in the third quarter. Janus Henderson Group PLC now owns 2,698,163 shares of the technology company’s stock worth $723,782,000 after purchasing an additional 81,157 shares in the last quarter. Institutional investors and hedge funds own 98.57% of the company’s stock.
CoStar Group Inc (NASDAQ:CSGP) opened at $359.39 on Tuesday. CoStar Group Inc has a 52 week low of $197.55 and a 52 week high of $367.68. The company has a market capitalization of $12,990.00, a P/E ratio of 104.78, a price-to-earnings-growth ratio of 3.45 and a beta of 1.61.
In other CoStar Group news, VP Matthew Linnington sold 7,921 shares of CoStar Group stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $348.23, for a total value of $2,758,329.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Francis Carchedi sold 12,100 shares of CoStar Group stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $356.09, for a total value of $4,308,689.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,271 shares of company stock valued at $7,509,131. 3.09% of the stock is currently owned by insiders.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $396.00 price target for the company in a research note on Tuesday, February 27th. BidaskClub downgraded CoStar Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th. Needham & Company LLC lifted their price target on CoStar Group to $430.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. B. Riley lifted their price target on CoStar Group to $400.00 in a research note on Tuesday, February 20th. Finally, SunTrust Banks lifted their price target on CoStar Group to $410.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell 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 $380.10.
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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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