Aberdeen Group plc Has $26.29 Million Holdings in CoStar Group, Inc. $CSGP

Aberdeen Group plc boosted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 20.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,627 shares of the technology company’s stock after purchasing an additional 52,390 shares during the period. Aberdeen Group plc’s holdings in CoStar Group were worth $26,292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ING Groep NV raised its holdings in shares of CoStar Group by 1,950.5% in the third quarter. ING Groep NV now owns 128,052 shares of the technology company’s stock valued at $10,804,000 after buying an additional 121,807 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in CoStar Group by 14.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,380 shares of the technology company’s stock worth $14,459,000 after acquiring an additional 21,225 shares during the last quarter. UMB Bank n.a. increased its position in CoStar Group by 51.6% in the 3rd quarter. UMB Bank n.a. now owns 225,305 shares of the technology company’s stock valued at $19,009,000 after acquiring an additional 76,720 shares in the last quarter. Swedbank AB raised its stake in shares of CoStar Group by 21.0% in the third quarter. Swedbank AB now owns 302,360 shares of the technology company’s stock worth $25,510,000 after acquiring an additional 52,433 shares during the last quarter. Finally, Generali Asset Management SPA SGR raised its stake in shares of CoStar Group by 641.8% in the third quarter. Generali Asset Management SPA SGR now owns 23,880 shares of the technology company’s stock worth $2,015,000 after acquiring an additional 20,661 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America set a $74.00 price target on shares of CoStar Group in a research note on Wednesday, January 7th. BNP Paribas Exane assumed coverage on CoStar Group in a research report on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 price objective on the stock. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a research report on Monday, December 29th. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. Finally, Zacks Research lowered CoStar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and an average target price of $83.13.

Check Out Our Latest Stock Analysis on CoStar Group

CoStar Group Trading Up 1.7%

NASDAQ:CSGP opened at $45.74 on Wednesday. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 1-year low of $43.80 and a 1-year high of $97.43. The firm has a market capitalization of $19.39 billion, a price-to-earnings ratio of 914.80, a PEG ratio of 1.18 and a beta of 0.84. The business’s 50-day moving average price is $61.35 and its two-hundred day moving average price is $73.28.

CoStar Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, January 7th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

CoStar Group Company Profile

(Free Report)

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.

Further Reading

Want to see what other hedge funds are holding CSGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group, Inc. (NASDAQ:CSGPFree Report).

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

Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.