Lbp Am Sa Cuts Stock Holdings in CoStar Group, Inc. $CSGP

Key Points

• Lbp Am Sa has reduced its stock holdings in CoStar Group, Inc. by 67.6% in the second quarter, now owning 45,118 shares valued at approximately $3.6 million.
• Insider Frederick G. Saint sold 25,000 shares on July 28th, leading to a 7.26% decline in his ownership of the company’s stock.
• Analysts have increased their target prices for CoStar Group, with JPMorgan Chase & Co. raising their target from $87.00 to $101.00 and Stephens upgrading the stock to a "strong-buy" rating with a $105.00 target price.

Lbp Am Sa trimmed its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 67.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,118 shares of the technology company's stock after selling 94,348 shares during the period. Lbp Am Sa's holdings in CoStar Group were worth $3,627,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CSGP. Wealth Enhancement Advisory Services LLC boosted its position in CoStar Group by 6.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,045 shares of the technology company's stock valued at $1,292,000 after buying an additional 1,070 shares during the period. NBC Securities Inc. boosted its position in CoStar Group by 129,366.7% during the first quarter. NBC Securities Inc. now owns 3,884 shares of the technology company's stock valued at $307,000 after buying an additional 3,881 shares during the period. Merit Financial Group LLC boosted its position in CoStar Group by 20.0% during the first quarter. Merit Financial Group LLC now owns 4,151 shares of the technology company's stock valued at $329,000 after buying an additional 693 shares during the period. Davis Capital Management boosted its position in CoStar Group by 7.3% during the first quarter. Davis Capital Management now owns 14,437 shares of the technology company's stock valued at $1,144,000 after buying an additional 981 shares during the period. Finally, Procyon Advisors LLC boosted its position in CoStar Group by 31.0% during the first quarter. Procyon Advisors LLC now owns 21,649 shares of the technology company's stock valued at $1,715,000 after buying an additional 5,125 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the firm's stock in a transaction that occurred on 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 owned 319,539 shares of the company's stock, valued at approximately $29,790,620.97. This trade represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $92.85, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock valued at $4,777,764 in the last ninety days. Insiders own 1.09% of the company's stock.

Analysts Set New Price Targets

CSGP has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of CoStar Group from $87.00 to $101.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Wolfe Research initiated coverage on shares of CoStar Group in a report on Wednesday, September 3rd. They set an "outperform" rating and a $105.00 target price for the company. Stephens upgraded shares of CoStar Group to a "strong-buy" rating and set a $105.00 target price for the company in a report on Monday, June 16th. Keefe, Bruyette & Woods increased their target price on shares of CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Finally, Robert W. Baird increased their target price 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 research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $94.15.

CoStar Group Price Performance

Shares of NASDAQ CSGP opened at $83.90 on Friday. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $97.43. The company has a 50 day simple moving average of $89.36 and a two-hundred day simple moving average of $82.78. The company has a market capitalization of $35.54 billion, a price-to-earnings ratio of 335.60, a P/E/G ratio of 3.84 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 announced its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. During the same quarter last year, the firm earned $0.15 earnings per share. The business'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. Analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

About CoStar Group

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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