Mitsubishi UFJ Trust & Banking Corp Has $34.67 Million Position in CoStar Group, Inc. (CSGP)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,255 shares of the technology company’s stock after acquiring an additional 1,145 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.36% of CoStar Group worth $34,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in CoStar Group by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,633,434 shares of the technology company’s stock valued at $694,173,000 after acquiring an additional 79,521 shares during the period. Janus Henderson Group PLC boosted its holdings in CoStar Group by 2,015.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,617,006 shares of the technology company’s stock valued at $689,842,000 after acquiring an additional 2,493,281 shares during the period. BlackRock Inc. boosted its holdings in CoStar Group by 0.5% during the 2nd quarter. BlackRock Inc. now owns 1,554,466 shares of the technology company’s stock valued at $409,755,000 after acquiring an additional 7,555 shares during the period. JPMorgan Chase & Co. boosted its holdings in CoStar Group by 1,019.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock valued at $186,210,000 after acquiring an additional 637,278 shares during the period. Finally, TimesSquare Capital Management LLC boosted its holdings in CoStar Group by 6.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 688,359 shares of the technology company’s stock valued at $184,652,000 after acquiring an additional 40,492 shares during the period. Institutional investors own 98.89% of the company’s stock.

Shares of CoStar Group, Inc. (NASDAQ CSGP) opened at $295.77 on Tuesday. CoStar Group, Inc. has a fifty-two week low of $183.20 and a fifty-two week high of $314.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.96 and a quick ratio of 3.96. The firm has a market capitalization of $10,916.30, a P/E ratio of 75.69, a price-to-earnings-growth ratio of 4.52 and a beta of 1.55.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.28. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The business had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $243.44 million. During the same quarter last year, the business posted $1.11 EPS. The business’s revenue was up 16.4% on a year-over-year basis. sell-side analysts forecast that CoStar Group, Inc. will post 3.99 earnings per share for the current year.

Several equities research analysts recently weighed in on CSGP shares. Goldman Sachs Group started coverage on CoStar Group in a report on Wednesday, November 8th. They set a “buy” rating and a $359.00 target price for the company. SunTrust Banks restated a “buy” rating and set a $335.00 target price on shares of CoStar Group in a report on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and issued a $325.00 price objective on shares of CoStar Group in a report on Friday, October 27th. B. Riley reiterated a “buy” rating and issued a $350.00 price objective (up previously from $335.00) on shares of CoStar Group in a report on Thursday, October 26th. Finally, Bank of America reiterated a “buy” rating and issued a $306.00 price objective on shares of CoStar Group in a report on Thursday, October 5th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. CoStar Group has a consensus rating of “Buy” and a consensus price target of $332.75.

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CoStar Group Company Profile

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.

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

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