821,600 Shares in CoStar Group, Inc. $CSGP Purchased by Primecap Management Co. CA

Primecap Management Co. CA purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 821,600 shares of the technology company's stock, valued at approximately $23,268,000. Primecap Management Co. CA owned about 0.20% of CoStar Group at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in CoStar Group during the second quarter valued at about $957,612,000. Bamco Inc. NY grew its holdings in CoStar Group by 1.3% during the 4th quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company's stock valued at $1,311,052,000 after purchasing an additional 242,533 shares in the last quarter. State Street Corp increased its position in shares of CoStar Group by 1.9% during the fourth quarter. State Street Corp now owns 18,632,352 shares of the technology company's stock worth $1,252,839,000 after acquiring an additional 348,224 shares during the last quarter. Principal Financial Group Inc. increased its holdings in CoStar Group by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company's stock worth $713,866,000 after purchasing an additional 130,118 shares during the last quarter. Finally, Capital International Investors raised its holdings in CoStar Group by 59.7% in the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company's stock valued at $729,020,000 after acquiring an additional 4,053,456 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Trading Down 2.0%

NASDAQ:CSGP opened at $32.14 on Thursday. The firm has a market capitalization of $13.02 billion, a P/E ratio of 169.17, a P/E/G ratio of 0.86 and a beta of 0.72. The business has a 50 day simple moving average of $30.03 and a 200 day simple moving average of $36.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21. CoStar Group, Inc. has a 12-month low of $25.89 and a 12-month high of $91.89.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The firm's revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Equities research analysts predict that CoStar Group, Inc. will post 1.06 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. KeyCorp set a $33.00 price objective on shares of CoStar Group in a report on Monday. Deutsche Bank Aktiengesellschaft set a $44.00 price target on shares of CoStar Group in a research report on Thursday, April 30th. BMO Capital Markets reiterated a "market perform" rating and issued a $33.00 price target (up from $31.00) on shares of CoStar Group in a research note on Monday. Wall Street Zen lowered CoStar Group from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Finally, Benchmark initiated coverage on CoStar Group in a research note on Thursday, June 4th. They set a "buy" rating and a $45.00 price objective on the stock. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $40.11.

Insider Transactions at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the transaction, the chief accounting officer directly owned 18,822 shares of the company's stock, valued at $579,341.16. The trade was a 20.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew C. Florance bought 83,300 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the transaction, the chief executive officer owned 1,806,165 shares in the company, valued at $53,986,271.85. The trade was a 4.83% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.18% of the company's stock.

About CoStar Group

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.

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