Sumitomo Mitsui Trust Group Inc. Boosts Stock Holdings in CoStar Group, Inc. $CSGP

Sumitomo Mitsui Trust Group Inc. grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,096,701 shares of the technology company’s stock after purchasing an additional 75,401 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in CoStar Group were worth $92,529,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Third Point LLC boosted its position in CoStar Group by 56.2% during the second quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock valued at $248,034,000 after purchasing an additional 1,110,000 shares in the last quarter. Swedbank AB grew its stake in CoStar Group by 21.0% in the third quarter. Swedbank AB now owns 302,360 shares of the technology company’s stock valued at $25,510,000 after purchasing an additional 52,433 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of CoStar Group by 49.9% during the third quarter. Voya Investment Management LLC now owns 1,846,286 shares of the technology company’s stock valued at $155,771,000 after buying an additional 614,515 shares during the last quarter. Generali Asset Management SPA SGR lifted its position in shares of CoStar Group by 641.8% during the third quarter. Generali Asset Management SPA SGR now owns 23,880 shares of the technology company’s stock valued at $2,015,000 after buying an additional 20,661 shares during the last quarter. Finally, First Citizens Bank & Trust Co. lifted its position in shares of CoStar Group by 22.4% during the second quarter. First Citizens Bank & Trust Co. now owns 125,889 shares of the technology company’s stock valued at $10,121,000 after buying an additional 23,043 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Up 4.2%

NASDAQ:CSGP opened at $61.82 on Wednesday. The company has a market capitalization of $26.20 billion, a P/E ratio of 1,236.40, a PEG ratio of 1.51 and a beta of 0.84. 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 $57.01 and a 12 month high of $97.43. The firm has a fifty day simple moving average of $66.56 and a 200-day simple moving average of $78.49.

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 return on equity of 2.45% and a net margin of 0.66%.The firm had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. During the same period in the prior year, the firm earned $0.22 EPS. The firm’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 and its FY 2025 guidance at 0.820-0.840 EPS. On average, equities research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 7th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on shares of CoStar Group in a research note on Thursday, January 8th. Zacks Research downgraded CoStar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. Keefe, Bruyette & Woods decreased their price objective on CoStar Group from $100.00 to $75.00 and set an “outperform” rating for the company in a report on Monday. Needham & Company LLC dropped their target price on CoStar Group from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $84.00 target price on shares of CoStar Group in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.81.

About CoStar Group

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.