Amundi Boosts Holdings in CoStar Group, Inc. $CSGP

Key Points

• Amundi increased its stake in CoStar Group by 20.8%, acquiring 585,853 additional shares to hold a total of 3,396,393 shares valued at approximately $259.3 million.
• Several institutional investors have modified their holdings in CoStar Group, with Vanguard Group alone owning over 68 million shares worth $5.42 billion after increasing its position by 4.1%.
• Analysts have a positive outlook on CoStar Group, with an average rating of "Moderate Buy" and a price target of $94.15, reflecting increasing confidence in the company's performance.

Amundi grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 20.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,396,393 shares of the technology company's stock after buying an additional 585,853 shares during the quarter. Amundi owned 0.81% of CoStar Group worth $259,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in CoStar Group during the first quarter valued at approximately $29,000. Bayforest Capital Ltd bought a new stake in CoStar Group during the first quarter valued at about $29,000. GKV Capital Management Co. Inc. bought a new position in shares of CoStar Group in the first quarter worth about $31,000. Zions Bancorporation National Association UT purchased a new stake in CoStar Group in the 1st quarter worth approximately $31,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in CoStar Group by 137.4% during the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock valued at $32,000 after purchasing an additional 235 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CSGP shares. BMO Capital Markets lifted their target price on shares of CoStar Group from $82.00 to $89.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. Citigroup upped their price objective on CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Bank of America assumed coverage on CoStar Group in a report on Friday, May 30th. They issued a "neutral" rating and a $79.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Finally, Wells Fargo & Company reiterated an "underweight" rating and issued a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.15.

CoStar Group Trading Up 0.1%

NASDAQ CSGP traded up $0.08 during trading on Tuesday, hitting $88.14. The stock had a trading volume of 2,622,589 shares, compared to its average volume of 3,117,407. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.43. The stock has a 50 day simple moving average of $88.93 and a 200 day simple moving average of $81.75. The stock has a market capitalization of $37.34 billion, a price-to-earnings ratio of 352.56, a P/E/G ratio of 4.12 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The firm had revenue of $781.30 million for the quarter, compared to the consensus estimate of $772.06 million. During the same period in the prior year, the business posted $0.15 earnings per share. The company's revenue for the quarter was up 15.2% on a year-over-year basis. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Sell-side analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

Insider Transactions at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 2,033 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.85, for a total value of $188,764.05. Following the transaction, the chief accounting officer directly owned 25,771 shares in the company, valued at $2,392,837.35. This represents a 7.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $93.23, for a total value of $2,330,750.00. Following the transaction, the insider owned 319,539 shares in the company, valued at $29,790,620.97. The trade was a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,033 shares of company stock worth $4,777,764. Company insiders own 1.09% of the company's stock.

CoStar Group 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.