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Capital Research Global Investors Purchases 1,062,452 Shares of CoStar Group, Inc. $CSGP
Capital Research Global Investors increased its stake in CoStar Group, Inc. by 27.0%, purchasing an additional 1,062,452 shares, bringing their total to nearly 5 million shares valued over $421 million. Other institutional investors like Vanguard Group and Bamco Inc. NY also significantly increased their positions in the technology company. CoStar Group recently beat analyst estimates for its quarterly earnings and has authorized a $1.50 billion share buyback plan.