Legal & General Group Plc Acquires Shares of 1,682,774 CoStar Group, Inc. $CSGP

Legal & General Group Plc bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 1,682,774 shares of the technology company’s stock, valued at approximately $47,656,000.

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

Insider Buying and Selling

In related news, CAO Cynthia Cammett Cann sold 4,788 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.78, for a total transaction of $147,374.64. Following the sale, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at $579,341.16. This represents a 20.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew C. Florance bought 83,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the purchase, the chief executive officer owned 1,806,165 shares in the company, valued at $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CSGP shares. Citizens Jmp lowered their target price on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 29th. Citigroup downgraded shares of CoStar Group from a “market outperform” rating to a “neutral” rating and reduced their price target for the company from $70.00 to $33.00 in a research note on Wednesday, July 29th. Wolfe Research restated an “outperform” rating and issued a $32.00 price objective (down from $35.00) on shares of CoStar Group in a report on Wednesday, July 29th. Keefe, Bruyette & Woods cut shares of CoStar Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $41.00 to $29.00 in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada set a $34.00 target price on shares of CoStar Group and gave the company a “sector perform” rating in a report on Monday, July 13th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.11.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $32.22 on Friday. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 169.59, a price-to-earnings-growth ratio of 0.82 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21. The business has a 50-day moving average of $30.10 and a 200 day moving average of $35.97. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $91.89.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. As a group, sell-side analysts forecast that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

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.