Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 14.9% during the third quarter, Holdings Channel reports. The fund owned 988 shares of the company’s stock after buying an additional 128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CoStar Group were worth $214,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of CSGP. BNP Paribas Arbitrage SA purchased a new stake in CoStar Group during the third quarter valued at $103,000. Penserra Capital Management LLC boosted its stake in CoStar Group by 100.0% in the third quarter. Penserra Capital Management LLC now owns 576 shares of the company’s stock valued at $124,000 after buying an additional 288 shares during the last quarter. Quantbot Technologies LP purchased a new stake in CoStar Group during the third quarter valued at $156,000. World Asset Management Inc purchased a new stake in CoStar Group during the third quarter valued at $280,000. Finally, Capital Management Associates NY purchased a new stake in CoStar Group during the second quarter valued at $328,000.
CoStar Group, Inc. (NASDAQ:CSGP) traded up 0.17% during trading on Friday, reaching $204.16. The company had a trading volume of 151,119 shares. The stock has a 50 day moving average of $198.07 and a 200-day moving average of $201.95. CoStar Group, Inc. has a 12-month low of $158.10 and a 12-month high of $224.79. The stock has a market capitalization of $6.65 billion, a P/E ratio of 84.12 and a beta of 1.44.
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Several analysts have weighed in on CSGP shares. B. Riley reaffirmed a “buy” rating and set a $231.00 price objective on shares of CoStar Group in a research report on Tuesday, November 1st. Citigroup Inc. initiated coverage on CoStar Group in a research report on Tuesday, December 20th. They issued a “buy” rating on the stock. Finally, TheStreet cut CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. CoStar Group presently has a consensus rating of “Buy” and an average price target of $236.20.
About CoStar Group
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate industry. It manages its business through two segments: North America, which includes the United States and parts of Canada, and International, which includes parts of the United Kingdom, Spain and France.
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