E Fund Management Hong Kong Co. Ltd. Acquires 513 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

E Fund Management Hong Kong Co. Ltd. grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 17,100.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 516 shares of the technology company’s stock after buying an additional 513 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in CoStar Group were worth $37,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of CoStar Group during the 2nd quarter worth approximately $104,000. APG Asset Management N.V. grew its holdings in CoStar Group by 187.8% during the 2nd quarter. APG Asset Management N.V. now owns 46,129 shares of the technology company’s stock worth $3,191,000 after acquiring an additional 30,100 shares during the period. MBB Public Markets I LLC bought a new stake in shares of CoStar Group during the 2nd quarter valued at $2,063,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of CoStar Group in the 2nd quarter valued at $2,513,000. Finally, Ascent Group LLC boosted its position in shares of CoStar Group by 7.9% in the 2nd quarter. Ascent Group LLC now owns 6,697 shares of the technology company’s stock worth $497,000 after purchasing an additional 490 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

CoStar Group Stock Down 0.3 %

CSGP stock opened at $74.16 on Monday. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $100.38. The stock has a market cap of $30.40 billion, a P/E ratio of 168.55 and a beta of 0.85. The stock’s fifty day simple moving average is $74.62 and its two-hundred day simple moving average is $75.37. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13.

Insider Activity at CoStar Group

In other news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the completion of the sale, the insider now owns 58,798 shares in the company, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CSGP shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $83.00 target price on shares of CoStar Group in a report on Friday, January 10th. StockNews.com downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Citigroup cut their price objective on CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Stephens reissued an “overweight” rating and issued a $103.00 price target on shares of CoStar Group in a report on Thursday, January 2nd. Finally, BMO Capital Markets dropped their target price on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.92.

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.