Mutual of America Capital Management LLC lifted its position in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 14.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,775 shares of the technology company’s stock after buying an additional 7,311 shares during the period. Mutual of America Capital Management LLC’s holdings in CoStar Group were worth $4,136,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Partners LLC raised its stake in shares of CoStar Group by 534.8% in the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after buying an additional 353 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of CoStar Group in the 4th quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of CoStar Group by 17,100.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock worth $37,000 after buying an additional 513 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of CoStar Group in the 3rd quarter worth $40,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of CoStar Group in the 4th quarter worth $40,000. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Up 3.0 %

NASDAQ:CSGP opened at $77.81 on Thursday. The firm has a market capitalization of $31.91 billion, a price-to-earnings ratio of 222.31 and a beta of 0.87. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $100.38. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average price is $74.51 and its 200 day moving average price is $75.59.

CoStar Group (NASDAQ:CSGP – Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. The firm had revenue of $709.40 million for the quarter, compared to analyst estimates of $703.00 million. On average, sell-side analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

CSGP has been the topic of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $83.00 price objective on shares of CoStar Group in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods cut their target price on CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. Needham & Company LLC cut their target price on CoStar Group from $100.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on CoStar Group in a research report on Friday, February 28th. They set a “buy” rating and a $89.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, CoStar Group has an average rating of “Moderate Buy” and a consensus price target of $88.07.

Get Our Latest Analysis on CoStar Group

CoStar Group Company Profile

(Free Report)

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.

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