LGT Fund Management Co Ltd. Decreases Holdings in CoStar Group, Inc. $CSGP

LGT Fund Management Co Ltd. trimmed its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 43.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,121 shares of the technology company’s stock after selling 17,835 shares during the period. LGT Fund Management Co Ltd.’s holdings in CoStar Group were worth $1,859,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bayforest Capital Ltd purchased a new position in shares of CoStar Group during the 1st quarter valued at about $29,000. Wayfinding Financial LLC bought a new stake in shares of CoStar Group in the 1st quarter valued at about $29,000. GKV Capital Management Co. Inc. bought a new stake in shares of CoStar Group in the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new stake in shares of CoStar Group in the 1st quarter valued at about $31,000. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of CoStar Group by 137.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock valued at $32,000 after acquiring an additional 235 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Stock Up 1.1%

CSGP stock opened at $84.80 on Friday. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $97.43. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. The firm has a market cap of $35.93 billion, a PE ratio of 339.20, a price-to-earnings-growth ratio of 3.90 and a beta of 0.87. The business has a 50 day moving average of $89.20 and a 200 day moving average of $82.85.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data 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 return on equity of 2.88% and a net margin of 3.57%.The company had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. During the same quarter last year, the company earned $0.15 EPS. The firm’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. On average, research analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 319,539 shares of the company’s stock, valued at $29,790,620.97. This trade represents a 7.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $188,764.05. Following the transaction, the chief accounting officer directly owned 25,771 shares of the company’s stock, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,033 shares of company stock valued at $4,777,764. 1.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC boosted their target price on CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their target price on CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Citigroup boosted their target price on CoStar Group from $91.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Wolfe Research assumed coverage on CoStar Group in a research note on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of CoStar Group in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

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.