Janus Henderson Group PLC boosted its holdings in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,473,380 shares of the technology company’s stock after acquiring an additional 1,256,573 shares during the quarter. Janus Henderson Group PLC owned about 1.76% of CoStar Group worth $502,487,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Gotham Asset Management LLC raised its position in CoStar Group by 475.5% in the fourth quarter. Gotham Asset Management LLC now owns 130,347 shares of the technology company’s stock worth $8,765,000 after acquiring an additional 107,696 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in CoStar Group in the fourth quarter worth about $79,612,000. Clearline Capital LP bought a new stake in CoStar Group in the fourth quarter worth about $7,937,000. Balyasny Asset Management L.P. bought a new stake in CoStar Group in the fourth quarter worth about $427,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its position in CoStar Group by 4.4% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 14,005 shares of the technology company’s stock worth $941,000 after acquiring an additional 588 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.
CoStar Group Trading Down 4.7%
NASDAQ:CSGP opened at $30.46 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. CoStar Group, Inc. has a fifty-two week low of $30.38 and a fifty-two week high of $97.43. The stock’s 50-day moving average is $34.79 and its two-hundred day moving average is $48.31. The stock has a market cap of $12.44 billion, a PE ratio of 507.75, a price-to-earnings-growth ratio of 0.82 and a beta of 0.72.
Insiders Place Their Bets
In other CoStar Group news, CEO Andrew C. Florance bought 71,430 shares of the stock in a transaction on Friday, May 1st. The shares were bought at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the purchase, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. The trade was a 4.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.18% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. The Goldman Sachs Group dropped their price target on CoStar Group from $63.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Royal Bank Of Canada dropped their price target on CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $44.00 price target on CoStar Group in a research note on Thursday, April 30th. Keefe, Bruyette & Woods dropped their price target on CoStar Group from $57.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research note on Friday, March 27th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.33.
Check Out Our Latest Report on CoStar Group
CoStar Group Profile
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.
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