CoStar Group, Inc. $CSGP is 2Xideas AG’s 10th Largest Position

2Xideas AG lowered its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 160,167 shares of the technology company’s stock after selling 15,462 shares during the period. CoStar Group comprises 2.2% of 2Xideas AG’s portfolio, making the stock its 10th largest holding. 2Xideas AG’s holdings in CoStar Group were worth $12,877,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of CoStar Group by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 68,847,483 shares of the technology company’s stock worth $5,535,338,000 after purchasing an additional 420,772 shares in the last quarter. State Street Corp grew its holdings in CoStar Group by 0.9% during the 2nd quarter. State Street Corp now owns 17,732,968 shares of the technology company’s stock valued at $1,425,731,000 after buying an additional 158,539 shares during the last quarter. Geode Capital Management LLC grew its holdings in CoStar Group by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company’s stock valued at $989,905,000 after buying an additional 290,404 shares during the last quarter. Norges Bank purchased a new position in CoStar Group during the second quarter worth $426,783,000. Finally, Invesco Ltd. raised its holdings in shares of CoStar Group by 3.1% in the second quarter. Invesco Ltd. now owns 4,438,464 shares of the technology company’s stock worth $356,853,000 after acquiring an additional 132,908 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Down 2.5%

Shares of NASDAQ CSGP opened at $66.33 on Tuesday. The stock has a market capitalization of $28.11 billion, a PE ratio of 1,326.60, a P/E/G ratio of 3.29 and a beta of 0.84. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average of $72.44 and a 200-day moving average of $80.86. CoStar Group, Inc. has a 52-week low of $63.82 and a 52-week high of $97.43.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The firm had revenue of $833.60 million for the quarter, compared to analysts’ expectations of $823.62 million. During the same quarter last year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. On average, analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

Analyst Ratings Changes

CSGP has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research note on Monday, December 1st. Jefferies Financial Group raised shares of CoStar Group to a “hold” rating in a research note on Wednesday, October 29th. Citigroup reissued a “market outperform” rating on shares of CoStar Group in a research report on Wednesday, October 29th. Royal Bank Of Canada reissued a “sector perform” rating and set a $91.00 price objective on shares of CoStar Group in a research note on Thursday, October 9th. Finally, BTIG Research started coverage on shares of CoStar Group in a research report on Friday, October 3rd. They set a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.38.

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.