Tokio Marine Asset Management Co. Ltd. Has $866,000 Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Tokio Marine Asset Management Co. Ltd. increased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 5.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,102 shares of the technology company’s stock after acquiring an additional 585 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in CoStar Group were worth $866,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in CoStar Group in the third quarter worth about $40,000. JPMorgan Chase & Co. boosted its holdings in CoStar Group by 73.8% during the third quarter. JPMorgan Chase & Co. now owns 2,358,331 shares of the technology company’s stock worth $177,913,000 after buying an additional 1,001,177 shares during the last quarter. Telemark Asset Management LLC boosted its holdings in CoStar Group by 42.9% during the third quarter. Telemark Asset Management LLC now owns 500,000 shares of the technology company’s stock worth $37,720,000 after buying an additional 150,000 shares during the last quarter. Swedbank AB boosted its holdings in CoStar Group by 469.3% during the third quarter. Swedbank AB now owns 248,043 shares of the technology company’s stock worth $18,712,000 after buying an additional 204,474 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in CoStar Group by 16.2% during the third quarter. PNC Financial Services Group Inc. now owns 103,547 shares of the technology company’s stock worth $7,812,000 after buying an additional 14,468 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of CoStar Group in a report on Monday, December 9th. JPMorgan Chase & Co. reduced their target price on CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. JMP Securities reiterated a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a report on Monday, December 16th. Citigroup cut their price objective on CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Stephens reiterated an “overweight” rating and set a $103.00 price objective on shares of CoStar Group in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.33.

Insider Activity at CoStar Group

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the transaction, the insider now owns 58,798 shares of the company’s stock, valued at $4,696,784.24. The trade was a 8.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.57% of the stock is owned by insiders.

CoStar Group Stock Up 0.9 %

Shares of CoStar Group stock opened at $77.46 on Wednesday. The business’s 50 day simple moving average is $74.60 and its 200 day simple moving average is $75.42. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38. The firm has a market cap of $31.76 billion, a PE ratio of 176.05 and a beta of 0.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63.

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.