CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by Royal Bank of Canada

Posted by on Mar 6th, 2023

Royal Bank of Canada grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) by 14.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,480 shares of the technology company’s stock after purchasing an additional 36,963 shares during the period. Royal Bank of Canada owned approximately 0.07% of CoStar Group worth $19,884,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CSGP. Tokio Marine Asset Management Co. Ltd. increased its position in shares of CoStar Group by 14.8% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,054 shares of the technology company’s stock worth $366,000 after acquiring an additional 781 shares during the period. Prudential Financial Inc. increased its position in shares of CoStar Group by 2,549.7% during the second quarter. Prudential Financial Inc. now owns 570,585 shares of the technology company’s stock worth $34,358,000 after acquiring an additional 549,051 shares during the period. Securian Asset Management Inc. purchased a new stake in shares of CoStar Group during the third quarter worth $2,295,000. MetLife Investment Management LLC increased its position in shares of CoStar Group by 914.8% during the third quarter. MetLife Investment Management LLC now owns 107,363 shares of the technology company’s stock worth $7,478,000 after acquiring an additional 96,783 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of CoStar Group during the third quarter worth $1,762,000. 97.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CSGP. JPMorgan Chase & Co. began coverage on CoStar Group in a research report on Friday, December 16th. They set an “overweight” rating and a $100.00 price objective on the stock. Stephens dropped their target price on CoStar Group from $90.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, February 22nd. Needham & Company LLC dropped their target price on CoStar Group from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, February 22nd. Truist Financial dropped their target price on CoStar Group from $95.00 to $85.00 in a report on Wednesday, February 22nd. Finally, Bank of America reissued a “buy” rating and issued a $100.00 target price on shares of CoStar Group in a report on Friday, November 18th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.25.

CoStar Group Price Performance

Shares of CSGP opened at $72.41 on Monday. CoStar Group, Inc. has a fifty-two week low of $53.25 and a fifty-two week high of $85.37. The company has a market capitalization of $29.45 billion, a price-to-earnings ratio of 77.86, a price-to-earnings-growth ratio of 3.92 and a beta of 0.88. The firm has a 50-day simple moving average of $76.72 and a 200-day simple moving average of $76.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 13.92 and a current ratio of 13.92.

CoStar Group Company Profile

(Get Rating)

CoStar Group, Inc provides commercial real estate information, analytics, and online marketplaces to the commercial real estate and related business communities. The firm’s suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values and market conditions.

See Also

Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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