APG Asset Management N.V. Acquires 3,400 Shares of CoStar Group, Inc. $CSGP

Key Points

• APG Asset Management N.V. increased its holdings in CoStar Group, Inc. by 1.6%, owning 220,900 shares worth approximately $16.2 million as of the latest filing.
• Insider trading activity included a significant sale by Frederick G. Saint of 25,000 shares at an average price of $93.23, reducing his ownership by 7.26%.
• Analysts have raised their price targets on CoStar Group, with JPMorgan Chase increasing their target from $87.00 to $101.00 while maintaining an "overweight" rating.

APG Asset Management N.V. lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 220,900 shares of the technology company's stock after purchasing an additional 3,400 shares during the period. APG Asset Management N.V. owned about 0.05% of CoStar Group worth $16,202,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Mizuho Markets Americas LLC acquired a new position in CoStar Group during the first quarter valued at $586,403,000. Vanguard Group Inc. boosted its holdings in shares of CoStar Group by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company's stock worth $5,421,448,000 after buying an additional 2,709,320 shares during the period. Nuveen LLC acquired a new stake in CoStar Group in the 1st quarter valued at approximately $82,756,000. Kensico Capital Management Corp bought a new stake in shares of CoStar Group in the fourth quarter valued at about $51,244,000. Finally, Northern Trust Corp increased its position in shares of CoStar Group by 21.2% during the fourth quarter. Northern Trust Corp now owns 3,993,324 shares of the technology company's stock valued at $285,882,000 after purchasing an additional 697,721 shares during the period. Institutional investors own 96.60% of the company's stock.

Insider Activity

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the 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 of the company's stock, valued at $2,392,837.35. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the completion of the transaction, the insider directly 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. 1.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CSGP has been the subject of a number of recent research reports. Bank of America started coverage on CoStar Group in a report on Friday, May 30th. They issued a "neutral" rating and a $79.00 target price for the company. Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 price objective on the stock in a report on Monday, June 16th. Wells Fargo & Company restated an "underweight" rating and issued a $70.00 price target (up from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. Citigroup upped their price target on CoStar Group from $91.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CoStar Group from $87.00 to $101.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $93.25.

CoStar Group Stock Performance

NASDAQ CSGP traded down $0.85 on Friday, hitting $89.48. 1,044,761 shares of the stock were exchanged, compared to its average volume of 3,146,550. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. The business's fifty day moving average is $87.79 and its 200 day moving average is $81.03. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $97.43. The company has a market capitalization of $37.91 billion, a PE ratio of 358.04, a P/E/G ratio of 4.36 and a beta of 0.85.

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