CoStar Group, Inc. $CSGP Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. trimmed its position in CoStar Group, Inc. (NASDAQ:CSGP) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,989 shares of the technology company’s stock after selling 8,671 shares during the period. Resona Asset Management Co. Ltd.’s holdings in CoStar Group were worth $11,049,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of CoStar Group by 0.6% in the second quarter. Vanguard Group Inc. now owns 68,847,483 shares of the technology company’s stock valued at $5,535,338,000 after buying an additional 420,772 shares during the last quarter. Bamco Inc. NY boosted its position in CoStar Group by 3.4% during the second quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company’s stock worth $1,582,267,000 after acquiring an additional 647,413 shares during the last quarter. State Street Corp grew its stake in CoStar Group by 0.9% in the 2nd quarter. State Street Corp now owns 17,732,968 shares of the technology company’s stock worth $1,425,731,000 after acquiring an additional 158,539 shares during the period. Geode Capital Management LLC raised its holdings in CoStar Group by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company’s stock valued at $989,905,000 after acquiring an additional 290,404 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in CoStar Group by 12.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,406,788 shares of the technology company’s stock valued at $624,911,000 after acquiring an additional 821,111 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CSGP shares. Royal Bank Of Canada restated a “sector perform” rating and set a $91.00 price objective on shares of CoStar Group in a report on Thursday, October 9th. Needham & Company LLC decreased their price target on CoStar Group from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. BNP Paribas Exane initiated coverage on CoStar Group in a report on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 price target for the company. Wells Fargo & Company reaffirmed an “underweight” rating and set a $55.00 price objective (down previously from $60.00) on shares of CoStar Group in a research note on Thursday, January 8th. Finally, BTIG Research began coverage on shares of CoStar Group in a report on Friday, October 3rd. They set a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.59.

CoStar Group Price Performance

CSGP opened at $65.60 on Monday. CoStar Group, Inc. has a 52-week low of $57.01 and a 52-week high of $97.43. The company has a 50 day moving average of $65.99 and a two-hundred day moving average of $77.51. The company has a market cap of $27.80 billion, a P/E ratio of 1,312.00, a P/E/G ratio of 1.72 and a beta of 0.84. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The business had revenue of $833.60 million for the quarter, compared to analyst estimates of $823.62 million. During the same quarter in the previous year, the business posted $0.22 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. On average, analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group announced that its board has initiated a share repurchase plan on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

CoStar Group Profile

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.