Geode Capital Management LLC Grows Stock Position in CoStar Group, Inc. $CSGP

Geode Capital Management LLC grew its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,357,840 shares of the technology company’s stock after buying an additional 290,404 shares during the quarter. Geode Capital Management LLC owned 2.92% of CoStar Group worth $989,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Forsta AP Fonden lifted its holdings in CoStar Group by 6.9% in the second quarter. Forsta AP Fonden now owns 83,600 shares of the technology company’s stock valued at $6,721,000 after acquiring an additional 5,400 shares during the period. TimesSquare Capital Management LLC grew its stake in shares of CoStar Group by 7.6% during the 2nd quarter. TimesSquare Capital Management LLC now owns 810,196 shares of the technology company’s stock worth $65,140,000 after purchasing an additional 57,309 shares during the period. KBC Group NV increased its holdings in shares of CoStar Group by 2.7% during the 2nd quarter. KBC Group NV now owns 97,417 shares of the technology company’s stock valued at $7,832,000 after purchasing an additional 2,554 shares in the last quarter. National Pension Service increased its holdings in shares of CoStar Group by 0.8% during the 2nd quarter. National Pension Service now owns 541,601 shares of the technology company’s stock valued at $43,545,000 after purchasing an additional 4,539 shares in the last quarter. Finally, Pembroke Management LTD acquired a new position in shares of CoStar Group in the 2nd quarter valued at $350,000. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Frederick G. Saint sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the completion of the sale, the insider directly owned 293,103 shares in the company, valued at approximately $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.09% of the stock is owned by corporate insiders.

CoStar Group Stock Down 0.7%

CSGP stock opened at $68.53 on Friday. CoStar Group, Inc. has a 52 week low of $63.82 and a 52 week high of $97.43. The company has a quick ratio of 5.83, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The firm has a 50-day simple moving average of $78.93 and a 200-day simple moving average of $81.83. The stock has a market capitalization of $29.04 billion, a P/E ratio of 1,370.60, a P/E/G ratio of 3.32 and a beta of 0.86.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share (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 company had revenue of $833.60 million for 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 was up 20.4% compared to the same quarter last year. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. Equities analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

CSGP has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. William Blair reissued an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Robert W. Baird raised their target price on CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. BTIG Research started coverage on CoStar Group in a research note on Friday, October 3rd. They issued a “neutral” rating for the company. Finally, BMO Capital Markets increased their price target on CoStar Group from $82.00 to $89.00 and gave the stock a “market perform” 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 issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, CoStar Group has a consensus rating of “Moderate Buy” and an average price target of $94.15.

CoStar Group Company 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.