CoStar Group, Inc. $CSGP Shares Sold by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM reduced its stake in CoStar Group by 3.7%, holding now 2,551,086 shares valued at approximately $202 million.
• Other institutional investors, including Vanguard Group and Baillie Gifford, have increased their positions in CoStar Group, with Vanguard acquiring an additional 2.7 million shares.
• CoStar Group reported a quarterly revenue increase of 15.2% year-over-year, reaching $781.3 million, and beat EPS estimates with a reported $0.17 per share.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 3.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,551,086 shares of the technology company's stock after selling 96,763 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.60% of CoStar Group worth $202,123,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in CoStar Group by 42.4% in the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock valued at $96,000 after purchasing an additional 360 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in CoStar Group during the 1st quarter worth approximately $221,000. PFG Investments LLC bought a new position in CoStar Group during the 1st quarter worth approximately $234,000. Golden State Wealth Management LLC lifted its holdings in CoStar Group by 6.3% during the 1st quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company's stock worth $268,000 after buying an additional 200 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in CoStar Group by 11.2% during the 1st quarter. American Century Companies Inc. now owns 68,223 shares of the technology company's stock worth $5,405,000 after buying an additional 6,873 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.

Insider Buying and Selling at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction 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 transaction, the insider directly owned 319,539 shares in the company, valued at approximately $29,790,620.97. This trade represents a 7.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group 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 transaction, the chief accounting officer owned 25,771 shares in the company, valued at approximately $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. Over the last quarter, insiders have sold 52,033 shares of company stock worth $4,777,764. 1.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 target price on the stock in a report on Monday, June 16th. Wells Fargo & Company reaffirmed an "underweight" rating and set a $70.00 target price (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. Keefe, Bruyette & Woods increased their price target on CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. BMO Capital Markets increased their price target on CoStar Group from $82.00 to $89.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 23rd. Finally, Needham & Company LLC increased their price target on CoStar Group from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. One 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $94.15.

CoStar Group Stock Performance

CSGP traded up $1.72 during trading hours on Wednesday, hitting $89.85. The company's stock had a trading volume of 311,250 shares, compared to its average volume of 3,080,549. 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 current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $38.07 billion, a PE ratio of 359.40, a PEG ratio of 4.10 and a beta of 0.87. The company has a 50-day simple moving average of $89.60 and a 200 day simple moving average of $82.18.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, beating 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 firm had revenue of $781.30 million for the quarter, compared to analysts' expectations of $772.06 million. During the same period last year, the firm earned $0.15 EPS. The firm's revenue was up 15.2% compared to the same quarter last year. 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, sell-side analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

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.