TD Asset Management Inc. lessened its position in shares of CoStar Group Inc (NASDAQ:CSGP) by 25.0% in the 4th quarter, HoldingsChannel reports. The fund owned 27,982 shares of the technology company’s stock after selling 9,347 shares during the period. TD Asset Management Inc.’s holdings in CoStar Group were worth $9,439,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. American Assets Capital Advisers LLC acquired a new position in shares of CoStar Group during the 4th quarter worth $8,096,000. Parkside Financial Bank & Trust grew its stake in shares of CoStar Group by 8.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 437 shares of the technology company’s stock worth $147,000 after purchasing an additional 34 shares during the period. Kornitzer Capital Management Inc. KS grew its stake in shares of CoStar Group by 2.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 15,366 shares of the technology company’s stock worth $5,184,000 after purchasing an additional 362 shares during the period. Advisors Asset Management Inc. grew its stake in shares of CoStar Group by 1.3% during the 4th quarter. Advisors Asset Management Inc. now owns 2,506 shares of the technology company’s stock worth $845,000 after purchasing an additional 33 shares during the period. Finally, Xact Kapitalforvaltning AB grew its stake in shares of CoStar Group by 35.9% during the 4th quarter. Xact Kapitalforvaltning AB now owns 5,296 shares of the technology company’s stock worth $1,787,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 96.01% of the company’s stock.
A number of equities analysts have recently weighed in on CSGP shares. BidaskClub cut shares of CoStar Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. ValuEngine cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $401.00 price target on the stock in a research note on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $451.44.
Shares of NASDAQ CSGP opened at $405.27 on Wednesday. The stock has a market capitalization of $14.47 billion, a P/E ratio of 104.72, a price-to-earnings-growth ratio of 2.75 and a beta of 1.48. CoStar Group Inc has a 52 week low of $315.85 and a 52 week high of $448.35.
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About CoStar Group
CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.
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