E. Ohman J or Asset Management AB Makes New $881,000 Investment in CoStar Group, Inc. (NASDAQ:CSGP)

E. Ohman J or Asset Management AB acquired a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,300 shares of the technology company’s stock, valued at approximately $881,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSGP. Sanctuary Advisors LLC purchased a new stake in CoStar Group during the second quarter valued at approximately $2,096,000. Czech National Bank increased its stake in shares of CoStar Group by 7.3% in the third quarter. Czech National Bank now owns 83,484 shares of the technology company’s stock worth $6,298,000 after acquiring an additional 5,671 shares during the period. GAMMA Investing LLC increased its stake in shares of CoStar Group by 90.5% in the third quarter. GAMMA Investing LLC now owns 4,583 shares of the technology company’s stock worth $346,000 after acquiring an additional 2,177 shares during the period. Diversified Trust Co grew its position in CoStar Group by 27.8% during the third quarter. Diversified Trust Co now owns 3,488 shares of the technology company’s stock valued at $263,000 after buying an additional 758 shares during the period. Finally, Miracle Mile Advisors LLC acquired a new stake in CoStar Group during the third quarter valued at $684,000. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $77.72 on Thursday. The company’s 50-day moving average price is $74.55 and its 200-day moving average price is $75.44. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The company has a market cap of $31.86 billion, a P/E ratio of 176.64 and a beta of 0.87. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38.

Insider Transactions at CoStar Group

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total transaction of $439,340.00. Following the transaction, the insider now directly owns 58,798 shares of the company’s stock, valued at $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Stephens restated an “overweight” rating and set a $103.00 price target on shares of CoStar Group in a research report on Wednesday, January 29th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of CoStar Group in a research report on Monday, December 9th. BMO Capital Markets dropped their price target on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Finally, Citigroup dropped their target price on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten 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 $90.23.

CoStar Group Company 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.