SVB Wealth LLC Has $2.98 Million Stock Holdings in CoStar Group, Inc. $CSGP

Key Points

• SVB Wealth LLC significantly reduced its stake in CoStar Group, Inc. by 39.5%, now holding 37,598 shares worth approximately $2.98 million.
• CoStar Group reported a 15.2% year-over-year revenue increase, achieving $781.30 million in quarterly revenue and earnings per share of $0.17, beating estimates.
• Analysts have raised their price targets for CoStar Group shares, with most ratings leaning towards Buy, suggesting an average consensus price target of approximately $93.25.

SVB Wealth LLC lessened its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 39.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,598 shares of the technology company's stock after selling 24,566 shares during the period. SVB Wealth LLC's holdings in CoStar Group were worth $2,979,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Colonial Trust Co SC boosted its stake in shares of CoStar Group by 27.4% in the 4th quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock valued at $48,000 after purchasing an additional 145 shares in the last quarter. DoubleLine ETF Adviser LP lifted its position in CoStar Group by 0.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock worth $2,105,000 after buying an additional 146 shares in the last quarter. Aurora Investment Managers LLC. lifted its position in CoStar Group by 0.7% during the 1st quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock worth $1,771,000 after buying an additional 164 shares in the last quarter. First Horizon Advisors Inc. lifted its position in CoStar Group by 5.0% during the 1st quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company's stock worth $297,000 after buying an additional 179 shares in the last quarter. Finally, CVA Family Office LLC lifted its position in CoStar Group by 28.3% during the 1st quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock worth $67,000 after buying an additional 186 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP opened at $91.22 on Friday. The stock has a market capitalization of $38.65 billion, a P/E ratio of 364.88, a P/E/G ratio of 4.30 and a beta of 0.85. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $87.01 and a two-hundred day moving average price of $80.69.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $781.30 million during the quarter, compared to analysts' expectations of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The company's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Equities analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

Analyst Ratings Changes

CSGP has been the topic of several research reports. Royal Bank Of Canada upped their price target on shares of CoStar Group from $83.00 to $91.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Robert W. Baird upped their price target on shares of CoStar Group from $100.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Needham & Company LLC upped their price target on shares of CoStar Group from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price target on shares of CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Finally, Bank of America began coverage on shares of CoStar Group in a research report on Friday, May 30th. They set a "neutral" rating and a $79.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $93.25.

Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the company's stock in a transaction dated Monday, July 28th. The stock was 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 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of the company's stock in a transaction dated Monday, July 28th. The shares were 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 directly 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 disclosure for this sale can be found here. Corporate insiders own 1.09% of the company's stock.

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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