Hsbc Holdings PLC grew its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 34.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 987,270 shares of the technology company’s stock after purchasing an additional 251,750 shares during the period. Hsbc Holdings PLC’s holdings in CoStar Group were worth $66,392,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Bamco Inc. NY boosted its position in CoStar Group by 1.3% during the fourth quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company’s stock worth $1,311,052,000 after purchasing an additional 242,533 shares in the last quarter. State Street Corp grew its holdings in CoStar Group by 1.9% in the fourth quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock valued at $1,252,839,000 after purchasing an additional 348,224 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of CoStar Group by 56.9% in the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after buying an additional 4,691,543 shares in the last quarter. Capital International Investors raised its stake in shares of CoStar Group by 59.7% during the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after buying an additional 4,053,456 shares during the last quarter. Finally, Akre Capital Management LLC raised its stake in shares of CoStar Group by 3.3% during the 4th quarter. Akre Capital Management LLC now owns 9,617,805 shares of the technology company’s stock worth $646,701,000 after buying an additional 311,320 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.
Insider Activity
In other news, CEO Andrew C. Florance purchased 71,430 shares of the stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the acquisition, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. This represents a 4.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.18% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Read Our Latest Report on CSGP
CoStar Group Stock Down 3.0%
Shares of NASDAQ:CSGP opened at $29.22 on Tuesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $11.93 billion, a P/E ratio of 487.08, a P/E/G ratio of 0.77 and a beta of 0.72. CoStar Group, Inc. has a 52-week low of $29.08 and a 52-week high of $97.43. The stock’s fifty day simple moving average is $34.27 and its 200-day simple moving average is $47.50.
CoStar Group (NASDAQ:CSGP – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The firm had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.73 million. During the same quarter last year, the business posted ($0.04) EPS. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, equities research analysts forecast that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.
CoStar Group Profile
CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.
In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.
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