Resona Asset Management Co. Ltd. Boosts Holdings in CoStar Group, Inc. $CSGP

Resona Asset Management Co. Ltd. lifted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 8.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,660 shares of the technology company’s stock after buying an additional 10,322 shares during the period. Resona Asset Management Co. Ltd.’s holdings in CoStar Group were worth $11,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Mizuho Markets Americas LLC purchased a new position in CoStar Group in the first quarter worth approximately $586,403,000. Vanguard Group Inc. lifted its stake in shares of CoStar Group by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company’s stock valued at $5,421,448,000 after purchasing an additional 2,709,320 shares during the last quarter. Third Point LLC purchased a new position in shares of CoStar Group during the 1st quarter worth $156,479,000. Nuveen LLC acquired a new stake in shares of CoStar Group during the 1st quarter worth about $82,756,000. Finally, Kensico Capital Management Corp increased its position in shares of CoStar Group by 86.0% during the 1st quarter. Kensico Capital Management Corp now owns 1,331,300 shares of the technology company’s stock worth $105,479,000 after purchasing an additional 615,500 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Up 0.2%

CoStar Group stock opened at $67.52 on Friday. The firm has a market capitalization of $28.62 billion, a P/E ratio of 1,350.40, a P/E/G ratio of 3.32 and a beta of 0.86. The company has a current ratio of 3.12, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a twelve month low of $63.82 and a twelve month high of $97.43. The stock’s fifty day simple moving average is $80.56 and its 200-day simple moving average is $82.22.

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

Insider Buying and Selling at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $90.33, for a total value of $2,258,250.00. Following the sale, the insider owned 293,103 shares of the company’s stock, valued at $26,475,993.99. This trade represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Jefferies Financial Group raised shares of CoStar Group to a “hold” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “hold (c-)” rating on shares of CoStar Group in a report on Wednesday, October 8th. Robert W. Baird lifted their target price on shares of CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Finally, Wolfe Research initiated coverage on CoStar Group in a research report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.15.

About CoStar Group

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.