Bank of New York Mellon Corp Sells 250,369 Shares of CoStar Group, Inc. $CSGP

Bank of New York Mellon Corp lowered its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,113,002 shares of the technology company’s stock after selling 250,369 shares during the period. Bank of New York Mellon Corp’s holdings in CoStar Group were worth $276,558,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Enhancing Capital LLC grew its stake in CoStar Group by 2.2% during the third quarter. Enhancing Capital LLC now owns 7,030 shares of the technology company’s stock worth $593,000 after buying an additional 150 shares during the last quarter. Rossby Financial LCC grew its stake in CoStar Group by 47.5% during the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock worth $42,000 after buying an additional 162 shares during the last quarter. Zions Bancorporation National Association UT grew its stake in CoStar Group by 41.8% during the third quarter. Zions Bancorporation National Association UT now owns 563 shares of the technology company’s stock worth $48,000 after buying an additional 166 shares during the last quarter. United Capital Financial Advisors LLC grew its stake in CoStar Group by 2.3% during the third quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock worth $637,000 after buying an additional 167 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in CoStar Group by 1.0% during the third quarter. Ameritas Investment Partners Inc. now owns 17,991 shares of the technology company’s stock worth $1,518,000 after buying an additional 176 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

Insider Activity at CoStar Group

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

CoStar Group Price Performance

CSGP opened at $33.66 on Friday. CoStar Group, Inc. has a one year low of $31.35 and a one year high of $97.43. 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 company’s 50 day simple moving average is $36.17 and its 200-day simple moving average is $50.49. The stock has a market capitalization of $13.75 billion, a P/E ratio of 561.09, a price-to-earnings-growth ratio of 0.86 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last released 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. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The business had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. CoStar Group’s revenue was up 22.5% compared to the same quarter last year. 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. Sell-side analysts anticipate that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on CSGP. JPMorgan Chase & Co. decreased their price objective on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a research note on Thursday, April 30th. Needham & Company LLC decreased their price objective on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Zacks Research raised shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, The Goldman Sachs Group decreased their price objective on shares of CoStar Group from $63.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.33.

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.