Chevy Chase Trust Holdings LLC Boosts Position in CoStar Group, Inc. $CSGP

Chevy Chase Trust Holdings LLC lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 223,049 shares of the technology company’s stock after acquiring an additional 1,820 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in CoStar Group were worth $17,933,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CSGP. Nordea Investment Management AB increased its position in shares of CoStar Group by 9.5% during the 2nd quarter. Nordea Investment Management AB now owns 36,150 shares of the technology company’s stock worth $2,914,000 after purchasing an additional 3,133 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CoStar Group during the 2nd quarter worth about $784,000. New York State Teachers Retirement System increased its position in shares of CoStar Group by 0.4% during the 2nd quarter. New York State Teachers Retirement System now owns 321,832 shares of the technology company’s stock worth $25,875,000 after purchasing an additional 1,410 shares during the last quarter. Dash Acquisitions Inc. increased its position in shares of CoStar Group by 1.5% during the 2nd quarter. Dash Acquisitions Inc. now owns 81,904 shares of the technology company’s stock worth $6,585,000 after purchasing an additional 1,211 shares during the last quarter. Finally, Equitable Trust Co. increased its position in shares of CoStar Group by 13.6% during the 2nd quarter. Equitable Trust Co. now owns 111,880 shares of the technology company’s stock worth $8,995,000 after purchasing an additional 13,423 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

NASDAQ CSGP opened at $73.99 on Friday. The company has a market cap of $31.35 billion, a P/E ratio of 295.96, a P/E/G ratio of 3.48 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. The stock has a 50-day moving average of $85.48 and a two-hundred day moving average of $82.66. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.CoStar Group’s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CSGP. Keefe, Bruyette & Woods raised their price objective on CoStar Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Citigroup raised their price objective on CoStar Group from $91.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Wells Fargo & Company reissued an “underweight” rating and set a $70.00 price objective (up from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. BTIG Research assumed coverage on CoStar Group in a research report on Friday, October 3rd. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. lifted their target price on CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.15.

Insider Activity

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group 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 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 position. 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 CoStar Group 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 transaction, the insider owned 319,539 shares of the company’s stock, valued at $29,790,620.97. The trade was a 7.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,033 shares of company stock valued at $4,777,764 in the last quarter. Company 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.