Capital International Investors Grows Stake in CoStar Group, Inc. $CSGP

Capital International Investors grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 59.7% during the fourth quarter, HoldingsChannel reports. The fund owned 10,842,010 shares of the technology company’s stock after purchasing an additional 4,053,456 shares during the period. Capital International Investors’ holdings in CoStar Group were worth $729,020,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CSGP. Integrated Wealth Concepts LLC increased its holdings in shares of CoStar Group by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after acquiring an additional 426 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of CoStar Group by 727.5% in the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock valued at $117,000 after purchasing an additional 1,295 shares during the period. Jones Financial Companies Lllp boosted its position in shares of CoStar Group by 860.7% in the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after purchasing an additional 11,370 shares during the period. Empowered Funds LLC boosted its position in shares of CoStar Group by 9.2% in the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after purchasing an additional 666 shares during the period. Finally, Woodline Partners LP boosted its position in shares of CoStar Group by 44.6% in the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock valued at $2,821,000 after purchasing an additional 10,984 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance purchased 71,430 shares of CoStar Group stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the acquisition, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This represents a 4.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CSGP. Needham & Company LLC decreased their target price on CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Stephens decreased their target price on CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. BTIG Research reissued a “buy” rating and issued a $55.00 target price on shares of CoStar Group in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods decreased their target price on CoStar Group from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Finally, BMO Capital Markets decreased their target price on CoStar Group from $72.00 to $53.00 and set a “market perform” rating for the company in a research report on Thursday, February 26th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.33.

CoStar Group Price Performance

CSGP opened at $33.89 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The business has a 50 day simple moving average of $36.02 and a 200-day simple moving average of $50.26. The stock has a market capitalization of $13.84 billion, a P/E ratio of 564.93, a P/E/G ratio of 0.87 and a beta of 0.72. CoStar Group, Inc. has a 12 month low of $31.35 and a 12 month high of $97.43.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) EPS. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. On average, equities analysts anticipate that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

CoStar Group Company 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.