American Century Companies Inc. Increases Stake in CoStar Group, Inc. $CSGP

Key Points

• American Century Companies Inc. increased its stake in CoStar Group, Inc. by 11.2%, owning 68,223 shares valued at approximately $5.4 million as of the end of the most recent quarter.
• CoStar Group's stock has a market capitalization of $38.27 billion and has shown a year-to-date trading range, reaching a low of $68.26 and a high of $97.43.
• Quarterly earnings reflected a profit of $0.17 per share, surpassing analyst expectations of $0.14, with revenue increasing by 15.2% year-over-year.

American Century Companies Inc. increased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,223 shares of the technology company's stock after buying an additional 6,873 shares during the period. American Century Companies Inc.'s holdings in CoStar Group were worth $5,405,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of CoStar Group by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company's stock valued at $5,421,448,000 after acquiring an additional 2,709,320 shares during the period. Bamco Inc. NY grew its stake in shares of CoStar Group by 2.2% during the 4th quarter. Bamco Inc. NY now owns 19,203,564 shares of the technology company's stock worth $1,374,783,000 after acquiring an additional 418,128 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of CoStar Group by 6.6% during the 1st quarter. Baillie Gifford & Co. now owns 8,436,199 shares of the technology company's stock worth $668,400,000 after acquiring an additional 524,601 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of CoStar Group in the 1st quarter valued at approximately $586,403,000. Finally, Polen Capital Management LLC boosted its holdings in shares of CoStar Group by 1.6% in the 1st quarter. Polen Capital Management LLC now owns 6,601,800 shares of the technology company's stock valued at $523,061,000 after buying an additional 104,612 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the completion of the sale, the chief accounting officer directly owned 25,771 shares of the company's stock, valued at $2,392,837.35. This trade represents a 7.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of the firm's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $93.23, for a total value of $2,330,750.00. Following the sale, the insider directly owned 319,539 shares of the company's stock, valued at approximately $29,790,620.97. This represents a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.09% of the company's stock.

Analyst Upgrades and Downgrades

CSGP has been the subject of several research reports. Citigroup raised their price target on CoStar Group from $91.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 24th. William Blair reaffirmed an "outperform" rating on shares of CoStar Group in a research note on Wednesday, July 23rd. BMO Capital Markets boosted their target price on CoStar Group from $82.00 to $89.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 23rd. Robert W. Baird upped their price objective on CoStar Group from $100.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Needham & Company LLC upped their price objective on CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.25.

CoStar Group Stock Performance

Shares of CoStar Group stock traded down $0.84 during trading hours on Monday, hitting $89.49. 1,974,735 shares of the company's stock traded hands, compared to its average volume of 2,693,874. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $97.43. The stock has a market capitalization of $37.91 billion, a price-to-earnings ratio of 357.96, a PEG ratio of 4.36 and a beta of 0.87. The company has a fifty day simple moving average of $87.98 and a 200-day simple moving average of $81.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $772.06 million. During the same period last year, the firm posted $0.15 EPS. The business's revenue was up 15.2% compared to the same quarter last year. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Equities research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group Company 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.