Renaissance Technologies LLC increased its stake in CoStar Group Inc (NASDAQ:CSGP) by 119.4% in the 4th quarter, HoldingsChannel reports. The firm owned 205,998 shares of the technology company’s stock after buying an additional 112,100 shares during the quarter. Renaissance Technologies LLC’s holdings in CoStar Group were worth $61,171,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in CSGP. JPMorgan Chase & Co. grew its position in shares of CoStar Group by 1,019.7% in the third quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock valued at $186,210,000 after purchasing an additional 637,278 shares in the last quarter. BlackRock Inc. grew its position in shares of CoStar Group by 12.5% in the fourth quarter. BlackRock Inc. now owns 1,794,476 shares of the technology company’s stock valued at $532,869,000 after purchasing an additional 199,267 shares in the last quarter. Citadel Advisors LLC grew its position in shares of CoStar Group by 947.8% in the third quarter. Citadel Advisors LLC now owns 146,123 shares of the technology company’s stock valued at $39,198,000 after purchasing an additional 132,177 shares in the last quarter. Caledonia Private Investments Pty Ltd purchased a new position in shares of CoStar Group in the third quarter valued at $22,801,000. Finally, Janus Henderson Group PLC grew its position in shares of CoStar Group by 3.1% in the third quarter. Janus Henderson Group PLC now owns 2,698,163 shares of the technology company’s stock valued at $723,782,000 after purchasing an additional 81,157 shares in the last quarter. Institutional investors own 98.57% of the company’s stock.
Shares of CoStar Group Inc (NASDAQ:CSGP) opened at $359.39 on Tuesday. The stock has a market capitalization of $13,038.13, a price-to-earnings ratio of 91.91, a P/E/G ratio of 3.45 and a beta of 1.61. CoStar Group Inc has a 52 week low of $197.55 and a 52 week high of $367.68.
In other CoStar Group news, VP Francis Carchedi sold 12,100 shares of CoStar Group stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $356.09, for a total transaction of $4,308,689.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Matthew Linnington sold 7,921 shares of CoStar Group stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $348.23, for a total value of $2,758,329.83. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,271 shares of company stock valued at $7,509,131. Corporate insiders own 3.09% of the company’s stock.
CSGP has been the subject of several research analyst reports. BidaskClub lowered CoStar Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th. Zacks Investment Research lowered CoStar Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Needham & Company LLC lifted their price objective on CoStar Group to $430.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. SunTrust Banks lifted their price objective on CoStar Group to $410.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, JPMorgan Chase & Co. lowered CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price objective for the company. in a research note on Tuesday, December 12th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $380.10.
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About CoStar Group
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.
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