Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,015,380 shares of the technology company's stock, valued at approximately $28,756,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.25% of CoStar Group as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bamco Inc. NY increased its position in CoStar Group by 1.3% during the 4th quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company's stock worth $1,311,052,000 after purchasing an additional 242,533 shares in the last quarter. State Street Corp raised its stake in shares of CoStar Group by 1.9% in the 4th quarter. State Street Corp now owns 18,632,352 shares of the technology company's stock valued at $1,252,839,000 after acquiring an additional 348,224 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of CoStar Group by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company's stock valued at $713,866,000 after acquiring an additional 130,118 shares in the last quarter. Capital International Investors boosted its position in CoStar Group by 59.7% during the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company's stock worth $729,020,000 after purchasing an additional 4,053,456 shares during the period. Finally, Akre Capital Management LLC increased its holdings in CoStar Group by 3.3% in the 4th quarter. Akre Capital Management LLC now owns 9,617,805 shares of the technology company's stock valued at $646,701,000 after purchasing an additional 311,320 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.
CoStar Group Stock Down 4.4%
Shares of NASDAQ CSGP opened at $32.26 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. CoStar Group, Inc. has a 1 year low of $25.89 and a 1 year high of $91.89. The stock's 50-day simple moving average is $29.97 and its 200-day simple moving average is $36.74. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 169.80, a PEG ratio of 0.89 and a beta of 0.72.
CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. During the same quarter in the prior year, the business posted $0.17 earnings per share. CoStar Group's revenue for the quarter was up 18.4% on a year-over-year basis. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, equities analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.
Insider Activity at CoStar Group
In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at approximately $579,341.16. This represents a 20.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew C. Florance purchased 83,300 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the transaction, the chief executive officer directly owned 1,806,165 shares of the company's stock, valued at approximately $53,986,271.85. This represents a 4.83% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.18% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on CSGP shares. Benchmark initiated coverage on CoStar Group in a research note on Thursday, June 4th. They set a "buy" rating and a $45.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on CoStar Group from $58.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Citizens Jmp reduced their price target on CoStar Group from $44.00 to $35.00 and set a "market outperform" rating on the stock in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods cut CoStar Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $41.00 to $29.00 in a report on Wednesday, July 29th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of CoStar Group in a research note on Wednesday, June 24th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $41.61.
Read Our Latest Research Report on CSGP
About CoStar Group
(
Free Report)
CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar's offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.
In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.
See Also
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