State Street Corp Boosts Stock Position in CoStar Group, Inc. $CSGP

State Street Corp grew its position in CoStar Group, Inc. (NASDAQ:CSGP) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 17,732,968 shares of the technology company’s stock after acquiring an additional 158,539 shares during the period. State Street Corp’s holdings in CoStar Group were worth $1,425,731,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in CoStar Group by 0.6% in the second quarter. Vanguard Group Inc. now owns 68,847,483 shares of the technology company’s stock valued at $5,535,338,000 after buying an additional 420,772 shares during the last quarter. Geode Capital Management LLC lifted its stake in CoStar Group by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company’s stock valued at $989,905,000 after acquiring an additional 290,404 shares during the period. Norges Bank acquired a new stake in CoStar Group during the 2nd quarter valued at approximately $426,783,000. Invesco Ltd. boosted its holdings in shares of CoStar Group by 3.1% in the 2nd quarter. Invesco Ltd. now owns 4,438,464 shares of the technology company’s stock valued at $356,853,000 after acquiring an additional 132,908 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of CoStar Group by 0.9% in the first quarter. Northern Trust Corp now owns 4,027,534 shares of the technology company’s stock worth $319,102,000 after acquiring an additional 34,210 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP stock opened at $67.87 on Thursday. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 12-month low of $63.82 and a 12-month high of $97.43. The business’s 50 day moving average is $71.80 and its two-hundred day moving average is $80.73. The company has a market capitalization of $28.76 billion, a P/E ratio of 1,357.40, a P/E/G ratio of 3.29 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The business 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 business earned $0.22 earnings per share. The business’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 and its FY 2025 guidance at 0.820-0.840 EPS. Analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wolfe Research started coverage on shares of CoStar Group in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 target price for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research note on Monday. Needham & Company LLC reissued a “buy” rating and issued a $105.00 price objective on shares of CoStar Group in a report on Monday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $91.00 target price on shares of CoStar Group in a report on Thursday, October 9th. Finally, Jefferies Financial Group raised CoStar Group to a “hold” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.38.

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.