Mitsubishi UFJ Asset Management Co. Ltd. Purchases 58,463 Shares of CoStar Group, Inc. $CSGP

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 926,020 shares of the technology company’s stock after buying an additional 58,463 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in CoStar Group were worth $74,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in CSGP. Vanguard Group Inc. lifted its stake in CoStar Group by 4.1% in the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company’s stock worth $5,421,448,000 after purchasing an additional 2,709,320 shares during the last quarter. Baillie Gifford & Co. increased its stake in CoStar Group by 6.6% in the 1st quarter. Baillie Gifford & Co. now owns 8,436,199 shares of the technology company’s stock worth $668,400,000 after purchasing an additional 524,601 shares during the period. Mizuho Markets Americas LLC bought a new stake in CoStar Group in the first quarter valued at approximately $586,403,000. Polen Capital Management LLC boosted its stake in shares of CoStar Group by 1.6% during the first quarter. Polen Capital Management LLC now owns 6,601,800 shares of the technology company’s stock valued at $523,061,000 after purchasing an additional 104,612 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of CoStar Group by 1.7% during the first quarter. Invesco Ltd. now owns 4,305,556 shares of the technology company’s stock worth $341,129,000 after purchasing an additional 70,561 shares during the period. 96.60% of the stock is currently owned by institutional investors.

Insider Transactions at CoStar Group

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 shares were sold at an average price of $90.33, for a total value of $2,258,250.00. Following the completion of the transaction, the insider directly owned 293,103 shares in the company, valued at $26,475,993.99. The trade was a 7.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CSGP. Wells Fargo & Company reiterated an “underweight” rating and issued a $70.00 price objective (up from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 23rd. BMO Capital Markets lifted their price target on shares of CoStar Group from $82.00 to $89.00 and gave the company a “market perform” rating in a report on Wednesday, July 23rd. Robert W. Baird upped their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of CoStar Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

CoStar Group Price Performance

Shares of CSGP opened at $67.52 on Monday. CoStar Group, Inc. has a fifty-two week low of $63.82 and a fifty-two week high of $97.43. The firm’s 50-day simple moving average is $80.56 and its two-hundred day simple moving average is $82.23. The stock has a market cap of $28.62 billion, a PE ratio of 1,350.40, a price-to-earnings-growth ratio of 3.32 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 3.12.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) 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 firm had revenue of $833.60 million during the quarter, compared to analyst estimates of $823.62 million. During the same period last year, the business earned $0.22 earnings per share. The business’s 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. FY 2025 guidance at 0.820-0.840 EPS. Analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

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.