E. Ohman J or Asset Management AB Makes New $881,000 Investment in CoStar Group, Inc. (NASDAQ:CSGP)

E. Ohman J or Asset Management AB bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the fourth quarter, Holdings Channel reports. The fund bought 12,300 shares of the technology company’s stock, valued at approximately $881,000.

A number of other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake 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 acquiring an additional 722,153 shares during the period. Geode Capital Management LLC raised its stake in shares of CoStar Group by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 11,308,986 shares of the technology company’s stock valued at $850,656,000 after acquiring an additional 236,407 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of CoStar Group by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,684,373 shares of the technology company’s stock valued at $202,509,000 after acquiring an additional 76,916 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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 acquiring an additional 1,001,177 shares during the period. Finally, Barclays PLC raised its stake in shares of CoStar Group by 91.4% in the 3rd quarter. Barclays PLC now owns 2,249,188 shares of the technology company’s stock valued at $169,678,000 after acquiring an additional 1,073,793 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Trading Up 0.3 %

Shares of NASDAQ:CSGP opened at $77.72 on Thursday. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $100.38. The company’s 50 day moving average is $74.55 and its two-hundred day moving average is $75.44. 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 company has a market cap of $31.86 billion, a PE ratio of 176.64 and a beta of 0.87.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CSGP. BMO Capital Markets reduced their price target on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. JMP Securities reissued a “market outperform” rating and issued a $90.00 price target on shares of CoStar Group in a research note on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $83.00 price objective on shares of CoStar Group in a report on Friday, January 10th. Stephens reaffirmed an “overweight” rating and set a $103.00 target price on shares of CoStar Group in a research note on Wednesday, January 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of CoStar Group in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.23.

Insider Buying and Selling at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of the stock in a transaction 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 transaction, the insider now directly owns 58,798 shares of the company’s stock, valued at $4,696,784.24. This trade represents a 8.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.