DAVENPORT & Co LLC Sells 46,687 Shares of CoStar Group, Inc. $CSGP

DAVENPORT & Co LLC reduced its position in CoStar Group, Inc. (NASDAQ:CSGP) by 80.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,701 shares of the technology company’s stock after selling 46,687 shares during the period. DAVENPORT & Co LLC’s holdings in CoStar Group were worth $787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Viking Global Investors LP bought a new position in CoStar Group in the second quarter valued at about $258,773,000. Vanguard Group Inc. increased its position in CoStar Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock worth $5,910,662,000 after purchasing an additional 1,208,958 shares during the period. Third Point LLC raised its holdings in CoStar Group by 56.2% during the 2nd quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock worth $248,034,000 after purchasing an additional 1,110,000 shares during the last quarter. Capital Research Global Investors raised its holdings in CoStar Group by 27.0% during the 3rd quarter. Capital Research Global Investors now owns 4,993,854 shares of the technology company’s stock worth $421,330,000 after purchasing an additional 1,062,452 shares during the last quarter. Finally, Ion Asset Management Ltd. lifted its position in CoStar Group by 730.3% during the 2nd quarter. Ion Asset Management Ltd. now owns 1,169,833 shares of the technology company’s stock valued at $94,055,000 after purchasing an additional 1,028,933 shares during the period. Institutional investors own 96.60% of the company’s stock.

Insider Buying and Selling

In other news, Director Louise S. Sams bought 1,000 shares of the stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $48.36 per share, with a total value of $48,360.00. Following the completion of the purchase, the director owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reduced their target price on shares of CoStar Group from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Wells Fargo & Company dropped their price target on shares of CoStar Group from $48.00 to $44.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Royal Bank Of Canada cut their price objective on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 25th. BTIG Research set a $60.00 price objective on shares of CoStar Group and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Needham & Company LLC lowered their target price on shares of CoStar Group from $80.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $72.76.

CoStar Group Price Performance

Shares of CSGP opened at $40.88 on Tuesday. The stock has a market cap of $17.16 billion, a P/E ratio of 4,092.09, a price-to-earnings-growth ratio of 1.06 and a beta of 0.90. CoStar Group, Inc. has a 1 year low of $39.18 and a 1 year high of $97.43. The stock’s 50-day moving average price is $49.71 and its two-hundred day moving average price is $64.09. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $899.90 million during the quarter, compared to analysts’ expectations of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.CoStar Group’s revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, equities analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, January 7th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

CoStar Group Profile

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.