Nomura Asset Management Co. Ltd. Buys 8,326 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Nomura Asset Management Co. Ltd. increased its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 6.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,039 shares of the technology company's stock after purchasing an additional 8,326 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in CoStar Group were worth $10,187,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CSGP. Sequoia Financial Advisors LLC raised its holdings in shares of CoStar Group by 9.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,928 shares of the technology company's stock worth $439,000 after buying an additional 504 shares in the last quarter. Diversified Trust Co bought a new position in shares of CoStar Group during the second quarter valued at $202,000. V Square Quantitative Management LLC boosted its stake in shares of CoStar Group by 54.5% in the 2nd quarter. V Square Quantitative Management LLC now owns 3,775 shares of the technology company's stock valued at $280,000 after purchasing an additional 1,332 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of CoStar Group by 8.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 52,684 shares of the technology company's stock worth $3,906,000 after purchasing an additional 4,143 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of CoStar Group by 248.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 369,291 shares of the technology company's stock worth $27,379,000 after purchasing an additional 263,234 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Insider Activity

In other news, CEO Andrew C. Florance acquired 14,731 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average price of $74.67 per share, for a total transaction of $1,099,963.77. Following the transaction, the chief executive officer now directly owns 1,263,098 shares in the company, valued at approximately $94,315,527.66. This represents a 1.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the transaction, the insider now owns 58,798 shares in the company, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

CoStar Group Trading Up 0.9 %

NASDAQ CSGP traded up $0.67 during trading hours on Thursday, hitting $78.25. The company's stock had a trading volume of 1,532,998 shares, compared to its average volume of 2,380,728. The stock has a fifty day moving average of $76.35 and a 200 day moving average of $76.09. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The firm has a market capitalization of $32.08 billion, a P/E ratio of 175.25 and a beta of 0.83.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. The business had revenue of $692.60 million for 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 firm's revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $0.25 EPS. Equities research analysts forecast that CoStar Group, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

CSGP has been the topic of several research analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $90.00 price objective on shares of CoStar Group in a report on Friday, September 6th. StockNews.com cut CoStar Group from a "hold" rating to a "sell" rating in a report on Monday, October 28th. Needham & Company LLC restated a "buy" rating and set a $100.00 target price on shares of CoStar Group in a report on Monday. Royal Bank of Canada lowered CoStar Group from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $96.00 to $83.00 in a research note on Wednesday, October 23rd. Finally, Citigroup decreased their price objective on shares of CoStar Group from $97.00 to $90.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, CoStar Group has an average rating of "Moderate Buy" and an average price target of $93.25.

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.