Meritage Group LP Acquires Shares of 5,394,164 CoStar Group, Inc. $CSGP

Meritage Group LP acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,394,164 shares of the technology company’s stock, valued at approximately $152,763,000. CoStar Group comprises about 5.9% of Meritage Group LP’s holdings, making the stock its 10th biggest position.

Other large investors also recently bought and sold shares of the company. Barclays PLC grew its holdings in CoStar Group by 83.4% during the fourth quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock worth $156,111,000 after acquiring an additional 1,055,584 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in CoStar Group by 100.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock worth $16,486,000 after acquiring an additional 122,776 shares in the last quarter. SVB Wealth LLC lifted its holdings in CoStar Group by 98.3% in the fourth quarter. SVB Wealth LLC now owns 66,410 shares of the technology company’s stock valued at $4,465,000 after acquiring an additional 32,923 shares during the period. Stephens Investment Management Group LLC lifted its holdings in CoStar Group by 45.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,114,972 shares of the technology company’s stock valued at $74,971,000 after acquiring an additional 348,460 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of CoStar Group by 4.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,057,184 shares of the technology company’s stock worth $69,446,000 after purchasing an additional 49,657 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Price Performance

CoStar Group stock opened at $32.26 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 169.80, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $91.89. The stock’s fifty day moving average is $29.96 and its two-hundred day moving average is $36.53.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the business posted $0.17 earnings per share. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Analysts predict that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut shares of CoStar Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $41.00 to $29.00 in a research note on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price objective on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Stephens reduced their price objective on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Royal Bank Of Canada set a $34.00 price objective on shares of CoStar Group and gave the stock a “sector perform” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company set a $26.00 target price on shares of CoStar Group and gave the stock an “underweight” rating in a research report on Wednesday, June 24th. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, CoStar Group currently has an average rating of “Hold” and a consensus target price of $41.61.

Insiders Place Their Bets

In related news, CAO Cynthia Cammett Cann sold 4,788 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the completion of the transaction, the chief accounting officer owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. The trade was a 20.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew C. Florance bought 83,300 shares of CoStar Group stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the acquisition, the chief executive officer owned 1,806,165 shares in the company, valued at $53,986,271.85. This represents a 4.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.18% of the stock is owned by company insiders.

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.