State of Alaska Department of Revenue Acquires 2,620 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

State of Alaska Department of Revenue boosted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 5.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,361 shares of the technology company’s stock after acquiring an additional 2,620 shares during the quarter. State of Alaska Department of Revenue’s holdings in CoStar Group were worth $3,910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new stake in CoStar Group in the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new stake in CoStar Group during the fourth quarter worth about $30,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in CoStar Group by 414.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company’s stock worth $36,000 after buying an additional 402 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in CoStar Group during the fourth quarter worth about $40,000. Finally, Private Trust Co. NA grew its stake in CoStar Group by 969.5% during the fourth quarter. Private Trust Co. NA now owns 631 shares of the technology company’s stock worth $45,000 after buying an additional 572 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

CSGP has been the topic of several research analyst reports. William Blair initiated coverage on shares of CoStar Group in a research note on Friday, February 28th. They set a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoStar Group in a research note on Friday, February 28th. They set a “buy” rating and a $89.00 price objective on the stock. Bank of America initiated coverage on shares of CoStar Group in a research note on Friday, May 30th. They set a “neutral” rating and a $79.00 price objective on the stock. Stephens raised shares of CoStar Group to a “strong-buy” rating and set a $105.00 price objective on the stock in a research note on Monday, June 16th. Finally, The Goldman Sachs Group started coverage on shares of CoStar Group in a research note on Friday, February 28th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.69.

CoStar Group Trading Up 0.1%

Shares of NASDAQ CSGP opened at $79.65 on Friday. The company’s 50 day simple moving average is $77.77 and its 200 day simple moving average is $76.36. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $83.68. The firm has a market capitalization of $33.60 billion, a P/E ratio of 274.66, a P/E/G ratio of 4.01 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.01 and a quick ratio of 6.01.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.