CoStar Group Inc (NASDAQ:CSGP) Position Lifted by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in CoStar Group Inc (NASDAQ:CSGP) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,831 shares of the technology company’s stock after acquiring an additional 296 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in CoStar Group were worth $1,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of CoStar Group by 1,019.7% during the third quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock valued at $186,210,000 after purchasing an additional 637,278 shares during the period. Citadel Advisors LLC raised its position in shares of CoStar Group by 947.8% in the third quarter. Citadel Advisors LLC now owns 146,123 shares of the technology company’s stock worth $39,198,000 after buying an additional 132,177 shares in the last quarter. First Trust Advisors LP raised its position in shares of CoStar Group by 2,599.7% in the third quarter. First Trust Advisors LP now owns 89,118 shares of the technology company’s stock worth $23,906,000 after buying an additional 85,817 shares in the last quarter. Caledonia Private Investments Pty Ltd purchased a new stake in shares of CoStar Group in the third quarter worth $22,801,000. Finally, Janus Henderson Group PLC raised its position in shares of CoStar Group by 3.1% in the third quarter. Janus Henderson Group PLC now owns 2,698,163 shares of the technology company’s stock worth $723,782,000 after buying an additional 81,157 shares in the last quarter. Institutional investors own 97.20% of the company’s stock.

Shares of CoStar Group Inc (NASDAQ CSGP) traded up $2.15 during mid-day trading on Tuesday, hitting $350.14. 154,100 shares of the stock were exchanged, compared to its average volume of 218,462. CoStar Group Inc has a 12-month low of $197.18 and a 12-month high of $355.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96. The company has a market cap of $12,655.98, a P/E ratio of 105.78, a price-to-earnings-growth ratio of 3.81 and a beta of 1.66.

CSGP has been the topic of a number of recent analyst reports. SunTrust Banks reiterated a “buy” rating and issued a $335.00 price objective on shares of CoStar Group in a research report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $325.00 target price on shares of CoStar Group in a research report on Friday, October 27th. B. Riley reaffirmed a “buy” rating and issued a $350.00 target price (up previously from $335.00) on shares of CoStar Group in a research report on Thursday, October 26th. Goldman Sachs Group initiated coverage on shares of CoStar Group in a research report on Wednesday, November 8th. They issued a “buy” rating and a $359.00 target price for the company. Finally, Wells Fargo & Co set a $400.00 target price on shares of CoStar Group and gave the stock a “buy” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $365.00.

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CoStar Group Company Profile

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.

Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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