CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,579 shares of the technology company's stock after buying an additional 8,258 shares during the period. Daiwa Securities Group Inc.'s holdings in CoStar Group were worth $6,003,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of CoStar Group during the third quarter valued at about $40,000. Industrial Alliance Investment Management Inc. acquired a new position in CoStar Group during the 2nd quarter valued at approximately $49,000. Quarry LP acquired a new stake in shares of CoStar Group during the second quarter worth $54,000. Rothschild Investment LLC purchased a new stake in shares of CoStar Group during the second quarter valued at $73,000. Finally, Blue Trust Inc. increased its position in shares of CoStar Group by 493.4% in the 2nd quarter. Blue Trust Inc. now owns 1,080 shares of the technology company's stock valued at $80,000 after acquiring an additional 898 shares during the period. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Performance

NASDAQ CSGP opened at $79.92 on Wednesday. The stock has a fifty day simple moving average of $75.62 and a 200-day simple moving average of $76.64. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a market cap of $32.76 billion, a PE ratio of 181.64 and a beta of 0.82. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38.

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, topping the consensus estimate of $0.16 by $0.06. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The firm had revenue of $692.60 million for the quarter, compared to analyst estimates of $695.91 million. During the same quarter in the prior year, the company earned $0.25 EPS. CoStar Group's revenue was up 10.9% on a year-over-year basis. Equities analysts anticipate that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on CoStar Group from $108.00 to $99.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. StockNews.com cut shares of CoStar Group from a "hold" rating to a "sell" rating in a research note on Monday, October 28th. Needham & Company LLC reissued a "buy" rating and set a $100.00 target price on shares of CoStar Group in a report on Tuesday, November 19th. Citigroup lowered their price target 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. Finally, Royal Bank of Canada downgraded CoStar Group from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from $96.00 to $83.00 in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, CoStar Group presently has an average rating of "Moderate Buy" and a consensus price target of $93.25.

Insider Activity at CoStar Group

In related news, CEO Andrew C. Florance purchased 14,731 shares of the stock in a transaction dated Friday, October 25th. The shares were acquired at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the purchase, the chief executive officer now directly owns 1,263,098 shares in the company, valued at $94,315,527.66. This trade represents a 1.18 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael R. Klein sold 71,633 shares of CoStar Group stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the sale, the director now owns 1,913,501 shares of the company's stock, valued at approximately $142,919,389.69. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.57% of the company's stock.

CoStar Group Profile

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.