AQR Capital Management LLC Has $10.13 Million Position in CoStar Group, Inc. $CSGP

Key Points

• AQR Capital Management LLC increased its stake in CoStar Group by 351.7%, acquiring over 100,000 additional shares, bringing its total holdings to approximately $10.13 million.
• Analysts have set a consensus target price for CoStar Group at $94.15, with several firms increasing their price targets and issuing ratings from "Neutral" to "Strong Buy."
• CoStar Group reported $0.17 earnings per share for the quarter, exceeding analyst expectations, and its revenue grew by 15.2% year-over-year.

AQR Capital Management LLC raised its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 351.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,603 shares of the technology company's stock after buying an additional 100,132 shares during the quarter. AQR Capital Management LLC's holdings in CoStar Group were worth $10,133,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CSGP shares. Keefe, Bruyette & Woods raised their price target on CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Needham & Company LLC raised their price target on CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. BMO Capital Markets raised their price target on CoStar Group from $82.00 to $89.00 and gave the company a "market perform" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on CoStar Group from $83.00 to $91.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Finally, Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 price target on the stock in a report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.15.

CoStar Group Stock Down 0.3%

Shares of NASDAQ:CSGP traded down $0.26 during mid-day trading on Friday, reaching $86.80. 1,261,360 shares of the stock were exchanged, compared to its average volume of 2,190,413. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. The company has a market cap of $36.77 billion, a P/E ratio of 347.20, a P/E/G ratio of 4.01 and a beta of 0.87. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.43. The stock's 50 day simple moving average is $89.34 and its 200-day simple moving average is $81.96.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.CoStar Group's quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the company earned $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. As a group, equities research analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insider Activity at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction that occurred on Monday, July 28th. The stock was 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 approximately $29,790,620.97. The trade was a 7.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.85, for a total value of $188,764.05. Following the completion of the sale, the chief accounting officer owned 25,771 shares of the company's stock, valued at $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,033 shares of company stock valued at $4,777,764 over the last quarter. 1.09% of the stock is currently owned by corporate insiders.

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.