International Assets Investment Management LLC Makes New $3.23 Million Investment in CoStar Group, Inc. (NASDAQ:CSGP)

International Assets Investment Management LLC acquired a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 36,966 shares of the technology company’s stock, valued at approximately $3,230,000.

Several other large investors have also modified their holdings of CSGP. Arizona State Retirement System grew its holdings in CoStar Group by 0.7% in the fourth quarter. Arizona State Retirement System now owns 112,227 shares of the technology company’s stock valued at $9,808,000 after purchasing an additional 770 shares during the period. Venturi Wealth Management LLC grew its stake in shares of CoStar Group by 37.8% during the 4th quarter. Venturi Wealth Management LLC now owns 3,473 shares of the technology company’s stock valued at $304,000 after buying an additional 953 shares during the period. Baskin Financial Services Inc. increased its holdings in shares of CoStar Group by 0.9% during the 4th quarter. Baskin Financial Services Inc. now owns 250,186 shares of the technology company’s stock worth $21,864,000 after buying an additional 2,161 shares during the last quarter. Patten & Patten Inc. TN raised its position in shares of CoStar Group by 28.6% in the 4th quarter. Patten & Patten Inc. TN now owns 7,726 shares of the technology company’s stock worth $675,000 after buying an additional 1,718 shares during the period. Finally, State of Michigan Retirement System boosted its holdings in CoStar Group by 6.7% in the fourth quarter. State of Michigan Retirement System now owns 119,400 shares of the technology company’s stock valued at $10,434,000 after acquiring an additional 7,500 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. BMO Capital Markets cut their price objective on CoStar Group from $84.00 to $79.00 and set a “market perform” rating on the stock in a report on Thursday, February 22nd. Bank of America raised their price target on shares of CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a report on Monday, March 18th. JMP Securities reiterated a “market outperform” rating and set a $110.00 price objective on shares of CoStar Group in a research note on Friday, April 12th. The Goldman Sachs Group raised their target price on shares of CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, Robert W. Baird upped their price target on shares of CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $100.08.

CoStar Group Trading Down 1.0 %

NASDAQ CSGP opened at $85.46 on Thursday. The company has a market capitalization of $34.90 billion, a price-to-earnings ratio of 92.89, a price-to-earnings-growth ratio of 10.06 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.01 and a quick ratio of 12.01. CoStar Group, Inc. has a 12 month low of $67.35 and a 12 month high of $100.38. The company’s fifty day moving average price is $89.03 and its two-hundred day moving average price is $84.34.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $634.27 million. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share. As a group, research analysts predict that CoStar Group, Inc. will post 0.44 earnings per share for the current fiscal year.

CoStar Group Company 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.