Capital International Investors Sells 8,030,862 Shares of CoStar Group, Inc. $CSGP

Capital International Investors trimmed its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 54.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,788,554 shares of the technology company’s stock after selling 8,030,862 shares during the period. Capital International Investors owned 1.60% of CoStar Group worth $572,749,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CSGP. Quent Capital LLC acquired a new position in CoStar Group in the 3rd quarter valued at approximately $26,000. Manning & Napier Advisors LLC acquired a new position in shares of CoStar Group during the third quarter valued at $28,000. Westside Investment Management Inc. increased its position in CoStar Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock worth $30,000 after buying an additional 180 shares during the last quarter. Root Financial Partners LLC acquired a new position in CoStar Group during the third quarter worth approximately $31,000. Finally, SJS Investment Consulting Inc. raised its stake in CoStar Group by 3,046.2% in the third quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company’s stock valued at $35,000 after buying an additional 396 shares during the period. 96.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Zacks Research downgraded CoStar Group from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft set a $68.00 price target on CoStar Group in a research note on Thursday, January 8th. Royal Bank Of Canada reduced their price objective on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 25th. Bank of America set a $74.00 price objective on shares of CoStar Group in a report on Wednesday, January 7th. Finally, William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.35.

Insider Buying and Selling

In other CoStar Group news, Director Louise S. Sams purchased 1,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $48.36 per share, with a total value of $48,360.00. Following the completion of the transaction, the director owned 20,409 shares in the company, valued at $986,979.24. The trade was a 5.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.09% of the company’s stock.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $46.33 on Wednesday. The stock has a 50 day simple moving average of $55.67 and a 200 day simple moving average of $68.64. The stock has a market cap of $19.45 billion, a P/E ratio of 4,637.64, a PEG ratio of 1.30 and a beta of 0.89. CoStar Group, Inc. has a 1-year low of $43.16 and a 1-year high of $97.43. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The firm had revenue of $900.00 million for the quarter, compared to analyst estimates of $892.22 million. During the same period in the prior year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group announced that its Board of Directors has initiated a share buyback program on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

CoStar Group Company 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.