National Pension Service Has $1.20 Million Stake in CoStar Group, Inc. $CSGP

National Pension Service reduced its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 94.0% in the 2nd quarter, Holdings Channel reports. The fund owned 42,241 shares of the technology company’s stock after selling 660,437 shares during the quarter. National Pension Service’s holdings in CoStar Group were worth $1,196,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Barclays PLC lifted its stake in CoStar Group by 83.4% in the fourth quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock valued at $156,111,000 after buying an additional 1,055,584 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of CoStar Group by 100.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock worth $16,486,000 after acquiring an additional 122,776 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of CoStar Group by 45.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,114,972 shares of the technology company’s stock worth $74,971,000 after acquiring an additional 348,460 shares in the last quarter. Red Spruce Capital LLC raised its holdings in shares of CoStar Group by 101.0% during the second quarter. Red Spruce Capital LLC now owns 76,448 shares of the technology company’s stock worth $2,165,000 after acquiring an additional 38,413 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of CoStar Group by 48.5% during the fourth quarter. BNP Paribas Financial Markets now owns 997,813 shares of the technology company’s stock worth $67,093,000 after acquiring an additional 325,944 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CSGP. Citizens Jmp reduced their target price on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 29th. Citigroup downgraded CoStar Group from a “market outperform” rating to a “neutral” rating and dropped their price target for the company from $70.00 to $33.00 in a research note on Wednesday, July 29th. Wells Fargo & Company set a $26.00 price target on CoStar Group and gave the company an “underweight” rating in a report on Wednesday, June 24th. BMO Capital Markets reaffirmed a “market perform” rating and set a $33.00 price objective (up from $31.00) on shares of CoStar Group in a research report on Monday, August 24th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $32.00 price objective (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, CoStar Group has an average rating of “Hold” and an average target price of $40.11.

Insider Transactions at CoStar Group

In related news, CEO Andrew Florance acquired 83,300 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the acquisition, the chief executive officer directly owned 1,806,165 shares of the company’s stock, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the completion of the transaction, the chief accounting officer owned 18,822 shares of the company’s stock, valued at $579,341.16. The trade was a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.18% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP stock opened at $30.46 on Monday. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $90.72. The company’s fifty day simple moving average is $30.36 and its 200-day simple moving average is $34.69. The firm has a market cap of $12.34 billion, a PE ratio of 160.32, a P/E/G ratio of 0.78 and a beta of 0.75. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. During the same quarter last year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Equities research analysts expect that CoStar Group, Inc. will post 1.07 EPS for the current fiscal year.

CoStar Group Company Profile

CoStar Group, Inc is a provider of commercial real estate information, analytics and online marketplaces. The company collects, analyzes and distributes data on property listings, transactions, rents, vacancies, market trends and other aspects of the real estate industry. Its products serve property owners, brokers, investors, lenders, appraisers, developers and other real estate professionals.

CoStar’s portfolio includes the CoStar commercial property information platform, LoopNet for commercial property listings, Apartments.com for rental housing, Homes.com for residential real estate, Land.com for land listings, and Ten-X for online commercial real estate auctions.