CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 14.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,775 shares of the technology company's stock after acquiring an additional 7,311 shares during the quarter. Mutual of America Capital Management LLC's holdings in CoStar Group were worth $4,136,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its position in shares of CoStar Group by 1.4% during the third quarter. Van ECK Associates Corp now owns 72,346 shares of the technology company's stock valued at $5,268,000 after buying an additional 993 shares during the period. National Pension Service boosted its position in shares of CoStar Group by 0.7% during the third quarter. National Pension Service now owns 1,020,943 shares of the technology company's stock valued at $77,020,000 after buying an additional 6,826 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of CoStar Group by 12.9% during the third quarter. Asset Management One Co. Ltd. now owns 282,828 shares of the technology company's stock valued at $21,337,000 after buying an additional 32,302 shares during the period. QRG Capital Management Inc. boosted its position in shares of CoStar Group by 22.6% during the third quarter. QRG Capital Management Inc. now owns 22,945 shares of the technology company's stock valued at $1,731,000 after buying an additional 4,235 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its position in shares of CoStar Group by 11.3% during the third quarter. Kornitzer Capital Management Inc. KS now owns 318,616 shares of the technology company's stock valued at $24,036,000 after buying an additional 32,290 shares during the period. 96.60% of the stock is owned by institutional investors.

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Analyst Ratings Changes

CSGP has been the subject of several recent analyst reports. William Blair started coverage on CoStar Group in a research report on Friday, February 28th. They set a "market perform" rating for the company. Wells Fargo & Company lowered their price target on CoStar Group from $65.00 to $63.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. JMP Securities reiterated a "market outperform" rating and issued a $90.00 price target on shares of CoStar Group in a report on Monday, December 16th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $83.00 price target on shares of CoStar Group in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group started coverage on CoStar Group in a report on Friday, February 28th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, CoStar Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.07.

CoStar Group Stock Up 3.3 %

Shares of CSGP stock traded up $2.53 during trading hours on Friday, reaching $79.39. 3,740,933 shares of the company's stock were exchanged, compared to its average volume of 3,294,107. The stock's 50 day moving average is $74.73 and its 200-day moving average is $75.63. The company has a market cap of $32.56 billion, a price-to-earnings ratio of 226.83 and a beta of 0.93. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $100.38.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. The business had revenue of $709.40 million for the quarter, compared to the consensus estimate of $703.00 million. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. Analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

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.