American Assets Capital Advisers LLC Buys 2,700 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

American Assets Capital Advisers LLC raised its position in CoStar Group, Inc. (NASDAQ:CSGP) by 39.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 9,534 shares of the technology company’s stock after buying an additional 2,700 shares during the period. American Assets Capital Advisers LLC’s holdings in CoStar Group were worth $683,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Apollon Wealth Management LLC acquired a new stake in shares of CoStar Group during the 3rd quarter worth approximately $278,000. GSA Capital Partners LLP acquired a new stake in CoStar Group during the 3rd quarter worth $230,000. Oppenheimer & Co. Inc. raised its position in shares of CoStar Group by 3.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 34,912 shares of the technology company’s stock valued at $2,634,000 after acquiring an additional 1,150 shares during the last quarter. Huntington National Bank lifted its stake in shares of CoStar Group by 9.4% in the 3rd quarter. Huntington National Bank now owns 3,862 shares of the technology company’s stock valued at $291,000 after purchasing an additional 332 shares during the period. Finally, KBC Group NV lifted its stake in shares of CoStar Group by 14.7% in the 3rd quarter. KBC Group NV now owns 83,823 shares of the technology company’s stock valued at $6,324,000 after purchasing an additional 10,730 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Cynthia Cammett Cann sold 1,749 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $79.90, for a total value of $139,745.10. Following the completion of the sale, the chief accounting officer now owns 29,456 shares of the company’s stock, valued at approximately $2,353,534.40. This represents a 5.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Stephens reiterated an “overweight” rating and issued a $103.00 price objective on shares of CoStar Group in a report on Tuesday, February 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $83.00 price target on shares of CoStar Group in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods reduced 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 note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of CoStar Group in a research note on Friday, February 28th. They issued a “buy” rating and a $89.00 target price for the company. Finally, William Blair initiated coverage on shares of CoStar Group in a research report on Friday, February 28th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.07.

CoStar Group Trading Up 4.4 %

NASDAQ CSGP opened at $78.73 on Friday. The stock has a market capitalization of $32.29 billion, a price-to-earnings ratio of 224.94 and a beta of 0.93. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $100.38. The stock’s 50 day moving average price is $75.32 and its two-hundred day moving average price is $75.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 8.96.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 18th. The technology company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. The business had revenue of $709.40 million during the quarter, compared to analysts’ expectations of $703.00 million. As a group, analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group announced that its Board of Directors has approved a share repurchase plan on Tuesday, February 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.