Dimensional Fund Advisors LP Has $143.01 Million Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Dimensional Fund Advisors LP lifted its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,997,561 shares of the technology company's stock after acquiring an additional 212,775 shares during the period. Dimensional Fund Advisors LP owned about 0.49% of CoStar Group worth $143,011,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CSGP. Polen Capital Management LLC purchased a new position in shares of CoStar Group in the fourth quarter worth approximately $465,134,000. Norges Bank purchased a new position in shares of CoStar Group in the fourth quarter worth approximately $390,755,000. Capital International Investors increased its position in shares of CoStar Group by 44.9% in the fourth quarter. Capital International Investors now owns 14,032,363 shares of the technology company's stock worth $1,004,578,000 after acquiring an additional 4,345,267 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of CoStar Group by 2,181.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,129,307 shares of the technology company's stock worth $80,847,000 after acquiring an additional 1,079,815 shares in the last quarter. Finally, Barclays PLC increased its position in shares of CoStar Group by 91.4% in the third quarter. Barclays PLC now owns 2,249,188 shares of the technology company's stock worth $169,678,000 after acquiring an additional 1,073,793 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Stock Performance

Shares of CoStar Group stock traded up $0.96 during trading on Tuesday, reaching $82.70. The company's stock had a trading volume of 5,674,518 shares, compared to its average volume of 2,757,011. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 8.96. The business's fifty day moving average price is $78.25 and its 200-day moving average price is $76.21. The firm has a market cap of $33.92 billion, a price-to-earnings ratio of 236.29 and a beta of 0.88. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $93.29.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.05). CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. As a group, equities research analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group announced that its board has authorized a share repurchase plan on Tuesday, February 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently commented on CSGP. Keefe, Bruyette & Woods lowered their price objective on shares of CoStar Group from $96.00 to $93.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 28th. Stephens reaffirmed an "overweight" rating and set a $103.00 price objective on shares of CoStar Group in a research report on Tuesday, February 18th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $83.00 price objective on shares of CoStar Group in a research report on Thursday, April 17th. JPMorgan Chase & Co. lowered their price objective on shares of CoStar Group from $99.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 19th. Finally, Citigroup lowered their price objective on shares of CoStar Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $87.54.

Insider Activity at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of CoStar Group stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $79.90, for a total transaction of $139,745.10. Following the sale, the chief accounting officer now directly owns 29,456 shares of the company's stock, valued at approximately $2,353,534.40. The trade was a 5.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.57% of the company's stock.

CoStar Group Company 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.