Vanderbilt University Has $9.16 Million Stake in CoStar Group, Inc. $CSGP

Key Points

• Vanderbilt University increased its investment in CoStar Group, Inc. by 29.3% in Q2, holding 113,984 shares worth approximately $9.16 million, making it the university's 9th largest position.
• Multiple institutional investors also upped their stakes in CoStar Group, reflecting growing interest as institutional ownership now stands at 96.60%.
• Analysts have raised their price targets on CoStar Group, with JPMorgan upgrading it to $101.00 and Keefe, Bruyette & Woods raising it to $100.00, indicating a bullish outlook on the stock.

Vanderbilt University raised its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 29.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,984 shares of the technology company's stock after purchasing an additional 25,805 shares during the quarter. CoStar Group accounts for approximately 1.7% of Vanderbilt University's portfolio, making the stock its 9th largest position. Vanderbilt University's holdings in CoStar Group were worth $9,164,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Horizon Advisors Inc. increased its stake 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 valued at $297,000 after purchasing an additional 179 shares in the last quarter. Three Seasons Wealth LLC increased its stake in CoStar Group by 4.2% during the 2nd quarter. Three Seasons Wealth LLC now owns 4,405 shares of the technology company's stock valued at $354,000 after purchasing an additional 179 shares in the last quarter. CVA Family Office LLC increased its stake in CoStar Group by 28.3% during the 1st quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock valued at $67,000 after purchasing an additional 186 shares in the last quarter. Kentucky Retirement Systems increased its stake in CoStar Group by 0.7% during the 1st quarter. Kentucky Retirement Systems now owns 28,348 shares of the technology company's stock valued at $2,246,000 after purchasing an additional 186 shares in the last quarter. Finally, Norden Group LLC increased its stake in CoStar Group by 1.3% during the 1st quarter. Norden Group LLC now owns 15,557 shares of the technology company's stock valued at $1,233,000 after purchasing an additional 194 shares in the last quarter. Institutional investors own 96.60% of the company's stock.

Insider Activity

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.85, for a total value of $188,764.05. Following the sale, the chief accounting officer directly owned 25,771 shares of the company's stock, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the completion of the sale, the insider directly owned 293,103 shares in the company, valued at approximately $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,033 shares of company stock worth $4,777,764. Insiders own 1.09% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their target price on shares of CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. William Blair reiterated an "outperform" rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Stephens upgraded shares of CoStar Group to a "strong-buy" rating and set a $105.00 target price for the company in a research note on Monday, June 16th. Finally, Citigroup upped their target price on shares of CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, CoStar Group currently has an average rating of "Moderate Buy" and an average target price of $94.15.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $83.90 on Friday. The company has a market capitalization of $35.54 billion, a P/E ratio of 335.60, a price-to-earnings-growth ratio of 3.84 and a beta of 0.87. 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 debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. The company's 50-day moving average is $89.36 and its 200 day moving average is $82.78.

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

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