Sun Sep 15 15:57:35 UTC 2024: ## CoStar Group Sees Increased Institutional Interest: HBK Sorce Advisory Boosts Holdings

**New York, NY** – HBK Sorce Advisory LLC has increased its stake in CoStar Group, Inc. (NASDAQ: CSGP) by 13.9% during the second quarter, according to HoldingsChannel.com. The investment firm now owns 5,714 shares of the technology company, valued at $424,000. This move follows a trend of institutional investors showing increasing interest in CoStar Group.

Other notable investors include:

* **Swedbank AB**, who acquired a new stake in CoStar Group during the first quarter worth $4,223,000.
* **SG Americas Securities LLC**, who significantly boosted their holdings in CoStar Group by 390.8% during the first quarter, now owning 99,800 shares valued at $9,641,000.
* **Sumitomo Mitsui Trust Holdings Inc.**, who increased their stake by 1.7% in the first quarter, now holding 1,035,675 shares valued at $100,046,000.
* **Cambridge Investment Research Advisors Inc.**, who increased their holdings by 70.4% in the fourth quarter, now owning 60,163 shares valued at $5,258,000.
* **State Board of Administration of Florida Retirement System**, who boosted their stake by 5.3% in the first quarter, now holding 477,691 shares valued at $46,145,000.

Institutional investors now own a significant 96.60% of CoStar Group’s stock. This demonstrates strong confidence in the company’s future prospects.

**CoStar Group, Inc.** provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries. The company’s offerings include property listings, sales transaction data, market analytics, and tenant information tools.

**Analyst Opinions Remain Positive**

While StockNews.com downgraded CoStar Group from a “hold” to a “sell” rating in July, most analysts remain optimistic. Royal Bank of Canada reaffirmed an “outperform” rating with a $96.00 price target, while Robert W. Baird lowered their target price to $100.00 but maintained an “outperform” rating.

Overall, CoStar Group has a consensus rating of “Moderate Buy” with an average price target of $96.38. This positive sentiment from both institutional investors and analysts suggests that the company is well-positioned for continued growth.

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