2,590 Shares in CoStar Group Inc (CSGP) Purchased by Piedmont Investment Advisors Inc.
Piedmont Investment Advisors Inc. bought a new stake in CoStar Group Inc (NASDAQ:CSGP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,590 shares of the technology company’s stock, valued at approximately $1,090,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley raised its stake in CoStar Group by 93.6% in the second quarter. Morgan Stanley now owns 87,545 shares of the technology company’s stock valued at $36,124,000 after purchasing an additional 42,330 shares in the last quarter. BlackRock Inc. raised its stake in CoStar Group by 9.8% in the second quarter. BlackRock Inc. now owns 2,820,677 shares of the technology company’s stock valued at $1,163,897,000 after purchasing an additional 252,916 shares in the last quarter. Vident Investment Advisory LLC raised its stake in CoStar Group by 73.6% in the second quarter. Vident Investment Advisory LLC now owns 2,495 shares of the technology company’s stock valued at $1,029,000 after purchasing an additional 1,058 shares in the last quarter. Standard Life Aberdeen plc purchased a new stake in CoStar Group in the second quarter valued at approximately $827,000. Finally, Bank of America Corp DE raised its stake in CoStar Group by 19.9% in the second quarter. Bank of America Corp DE now owns 311,338 shares of the technology company’s stock valued at $128,467,000 after purchasing an additional 51,760 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.
CSGP stock opened at $350.09 on Tuesday. The company has a market cap of $13.21 billion, a price-to-earnings ratio of 90.46, a price-to-earnings-growth ratio of 3.04 and a beta of 1.52. CoStar Group Inc has a one year low of $283.11 and a one year high of $448.35.
In other CoStar Group news, Director Christopher J. Nassetta sold 571 shares of CoStar Group stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $349.67, for a total transaction of $199,661.57. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.47% of the company’s stock.
A number of equities research analysts recently weighed in on CSGP shares. BidaskClub downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. SunTrust Banks lifted their price target on shares of CoStar Group to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. ValuEngine downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $471.00 price target on the stock in a research note on Monday, October 1st. Finally, Needham & Company LLC lifted their price target on shares of CoStar Group from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, September 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $451.44.
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CoStar Group Profile
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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