Korea Investment CORP Acquires 61,650 Shares of CoStar Group, Inc. $CSGP

Korea Investment CORP boosted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 33.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 245,000 shares of the technology company’s stock after buying an additional 61,650 shares during the period. Korea Investment CORP owned approximately 0.06% of CoStar Group worth $20,671,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CSGP. Blair William & Co. IL raised its holdings in shares of CoStar Group by 9.0% during the third quarter. Blair William & Co. IL now owns 3,128,473 shares of the technology company’s stock worth $263,949,000 after acquiring an additional 257,311 shares during the period. First Trust Advisors LP boosted its stake in CoStar Group by 9.4% in the 3rd quarter. First Trust Advisors LP now owns 674,750 shares of the technology company’s stock worth $56,929,000 after purchasing an additional 58,212 shares during the period. Neo Ivy Capital Management increased its holdings in CoStar Group by 23.7% during the 3rd quarter. Neo Ivy Capital Management now owns 7,114 shares of the technology company’s stock worth $600,000 after purchasing an additional 1,362 shares in the last quarter. Intellectus Partners LLC increased its holdings in CoStar Group by 7.8% during the 3rd quarter. Intellectus Partners LLC now owns 6,384 shares of the technology company’s stock worth $539,000 after purchasing an additional 463 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of CoStar Group by 8.1% in the 3rd quarter. Barclays PLC now owns 1,266,116 shares of the technology company’s stock valued at $106,822,000 after purchasing an additional 94,810 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Buying and Selling

In other news, Director Louise S. Sams acquired 1,000 shares of the stock in a transaction dated Friday, March 6th. The shares were bought at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the purchase, the director directly owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.09% of the stock is currently owned by corporate insiders.

CoStar Group Trading Down 4.3%

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

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $892.22 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, equities analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

A number of brokerages have recently commented on CSGP. BTIG Research set a $60.00 price target on CoStar Group and gave the company a “buy” rating in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on CoStar Group in a report on Thursday, January 8th. Bank of America set a $74.00 target price on CoStar Group in a research note on Wednesday, January 7th. BMO Capital Markets reduced their price target on CoStar Group from $72.00 to $53.00 and set a “market perform” rating for the company in a research report on Thursday, February 26th. Finally, Wells Fargo & Company decreased their price target on shares of CoStar Group from $48.00 to $44.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and an average target price of $73.35.

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.