Foster Victor Wealth Advisors LLC Has $16.96 Million Position in CoStar Group, Inc. $CSGP

Key Points

• Foster Victor Wealth Advisors LLC increased its stake in CoStar Group by 2.2% during the second quarter, now holding 200,713 shares valued at approximately $16.96 million.
• Institutional investors hold a significant portion of CoStar Group, with 96.60% of the company's stock owned by such entities, highlighting strong institutional interest in the firm.
• Several analysts, including those from Needham & Company and JPMorgan Chase & Co., have recently elevated their price targets for CoStar Group shares, indicating positive sentiment with a consensus price target of $94.15.

Foster Victor Wealth Advisors LLC lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,713 shares of the technology company's stock after acquiring an additional 4,325 shares during the quarter. CoStar Group makes up 1.1% of Foster Victor Wealth Advisors LLC's holdings, making the stock its 27th biggest holding. Foster Victor Wealth Advisors LLC's holdings in CoStar Group were worth $16,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in shares of CoStar Group by 58.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 204,904 shares of the technology company's stock valued at $16,474,000 after purchasing an additional 75,900 shares during the period. Buttonwood Financial Advisors Inc. acquired a new position in CoStar Group in the second quarter valued at approximately $431,000. Norden Group LLC boosted its holdings in shares of CoStar Group by 6.8% during the 2nd quarter. Norden Group LLC now owns 16,617 shares of the technology company's stock worth $1,336,000 after buying an additional 1,060 shares in the last quarter. Fifth Third Bancorp grew its position in shares of CoStar Group by 19.5% during the 2nd quarter. Fifth Third Bancorp now owns 12,029 shares of the technology company's stock worth $967,000 after buying an additional 1,961 shares during the period. Finally, CHICAGO TRUST Co NA increased its stake in shares of CoStar Group by 5.6% in the 2nd quarter. CHICAGO TRUST Co NA now owns 14,240 shares of the technology company's stock valued at $1,145,000 after acquiring an additional 750 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CSGP shares. Wells Fargo & Company reiterated an "underweight" rating and set a $70.00 price objective (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. Needham & Company LLC raised 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. William Blair reiterated an "outperform" rating on shares of CoStar Group in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Robert W. Baird upped their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, CoStar Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.15.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider owned 319,539 shares in the company, valued at approximately $29,790,620.97. The trade was a 7.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer owned 25,771 shares in the company, valued at $2,392,837.35. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,033 shares of company stock worth $4,777,764. 1.09% of the stock is owned by insiders.

CoStar Group Price Performance

Shares of CoStar Group stock opened at $85.31 on Wednesday. The firm has a market capitalization of $36.14 billion, a PE ratio of 341.24, a price-to-earnings-growth ratio of 3.97 and a beta of 0.87. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $97.43. The business's 50-day moving average price is $89.80 and its 200-day moving average price is $82.53.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its 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. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. CoStar Group'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 forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

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.

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