State of Alaska Department of Revenue Has $3.91 Million Position in 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 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,361 shares of the technology company’s stock after buying an additional 2,620 shares during the period. State of Alaska Department of Revenue’s holdings in CoStar Group were worth $3,910,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Polen Capital Management LLC acquired a new stake in CoStar Group in the fourth quarter worth $465,134,000. Norges Bank acquired a new stake in shares of CoStar Group during the fourth quarter worth $390,755,000. Capital International Investors raised its holdings in shares of CoStar Group by 44.9% during the fourth quarter. Capital International Investors now owns 14,032,363 shares of the technology company’s stock worth $1,004,578,000 after acquiring an additional 4,345,267 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of CoStar Group by 24.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,415,895 shares of the technology company’s stock worth $459,314,000 after acquiring an additional 1,267,263 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in shares of CoStar Group by 2,181.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,129,307 shares of the technology company’s stock worth $80,847,000 after acquiring an additional 1,079,815 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Performance

NASDAQ CSGP opened at $79.65 on Friday. The firm has a 50-day moving average of $77.77 and a 200-day moving average of $76.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.01 and a current ratio of 6.01. The stock has a market cap of $33.60 billion, a PE ratio of 274.66, a P/E/G ratio of 4.01 and a beta of 0.87. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $83.68.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Piper Sandler assumed coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued an “overweight” rating for the company. Bank of America assumed coverage on shares of CoStar Group in a research report on Friday, May 30th. They issued a “neutral” rating and a $79.00 target price for the company. Keefe, Bruyette & Woods raised their target price on shares of CoStar Group from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Wells Fargo & Company raised their target price on shares of CoStar Group from $63.00 to $65.00 and gave the company an “underweight” rating in a research report on Wednesday, April 30th. Finally, William Blair assumed coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CoStar Group has a consensus rating of “Moderate Buy” and an average target price of $87.69.

CoStar Group Profile

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.