CoStar Group, Inc. (NASDAQ:CSGP) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 39.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,366 shares of the technology company's stock after acquiring an additional 113,925 shares during the quarter. Assenagon Asset Management S.A. owned about 0.10% of CoStar Group worth $28,734,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vulcan Value Partners LLC raised its stake in CoStar Group by 90.1% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,138,987 shares of the technology company's stock valued at $306,831,000 after acquiring an additional 1,961,917 shares during the last quarter. Barclays PLC lifted its position in CoStar Group by 91.4% in the third quarter. Barclays PLC now owns 2,249,188 shares of the technology company's stock valued at $169,678,000 after purchasing an additional 1,073,793 shares during the period. JPMorgan Chase & Co. boosted its holdings in CoStar Group by 73.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,358,331 shares of the technology company's stock valued at $177,913,000 after purchasing an additional 1,001,177 shares in the last quarter. Select Equity Group L.P. acquired a new position in CoStar Group during the 2nd quarter worth approximately $60,761,000. Finally, State Street Corp lifted its holdings in shares of CoStar Group by 4.4% in the 3rd quarter. State Street Corp now owns 17,059,744 shares of the technology company's stock valued at $1,286,987,000 after buying an additional 722,153 shares during the period. Institutional investors and hedge funds own 96.60% of the company's stock.

Insider Activity

In other CoStar Group news, CEO Andrew C. Florance purchased 14,731 shares of CoStar Group stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average price of $74.67 per share, with a total value of $1,099,963.77. Following the completion of the acquisition, the chief executive officer now owns 1,263,098 shares of the company's stock, valued at approximately $94,315,527.66. This trade represents a 1.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Desmarais sold 5,500 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the sale, the insider now owns 58,798 shares of the company's stock, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.57% of the company's stock.

CoStar Group Stock Up 0.6 %

Shares of NASDAQ:CSGP traded up $0.43 during midday trading on Friday, hitting $73.85. 2,189,276 shares of the company's stock traded hands, compared to its average volume of 2,551,698. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The company has a market cap of $30.28 billion, a PE ratio of 167.84 and a beta of 0.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. The firm's fifty day moving average price is $74.74 and its two-hundred day moving average price is $75.33.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. The business had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. On average, equities research analysts anticipate that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of CoStar Group from $108.00 to $99.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $83.00 target price on shares of CoStar Group in a research note on Friday, January 10th. Stephens reaffirmed an "overweight" rating and issued a $103.00 price objective on shares of CoStar Group in a research report on Thursday, January 2nd. Citigroup cut their price objective on shares of CoStar Group from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, StockNews.com downgraded shares of CoStar Group from a "hold" rating to a "sell" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, CoStar Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.92.

About CoStar Group

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.