Capital Research Global Investors Purchases 1,062,452 Shares of CoStar Group, Inc. $CSGP

Capital Research Global Investors grew its position in CoStar Group, Inc. (NASDAQ:CSGP) by 27.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,993,854 shares of the technology company’s stock after buying an additional 1,062,452 shares during the period. Capital Research Global Investors owned approximately 1.18% of CoStar Group worth $421,330,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CSGP. Vanguard Group Inc. raised its holdings in CoStar Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock worth $5,910,662,000 after acquiring an additional 1,208,958 shares during the last quarter. Bamco Inc. NY boosted its stake in CoStar Group by 3.4% during the 2nd quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company’s stock valued at $1,582,267,000 after purchasing an additional 647,413 shares during the last quarter. State Street Corp raised its stake in shares of CoStar Group by 0.9% in the second quarter. State Street Corp now owns 17,732,968 shares of the technology company’s stock worth $1,425,731,000 after purchasing an additional 158,539 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CoStar Group by 2.4% in the second quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company’s stock worth $989,905,000 after purchasing an additional 290,404 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of CoStar Group by 12.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,406,788 shares of the technology company’s stock valued at $624,911,000 after purchasing an additional 821,111 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insider Activity at CoStar Group

In other news, Director Louise S. Sams purchased 1,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the acquisition, the director 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 market capitalization of $19.45 billion, a P/E ratio of 4,637.64, a P/E/G ratio of 1.30 and a beta of 0.89. 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, Inc. has a 12-month low of $43.16 and a 12-month high of $97.43. The stock has a 50-day moving average price of $55.67 and a 200 day moving average price of $68.64.

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

CoStar Group announced that its board has approved a share buyback plan on Wednesday, January 7th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CSGP. The Goldman Sachs Group reduced their price objective on CoStar Group from $84.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. BNP Paribas Exane initiated coverage on shares of CoStar Group in a report on Wednesday, January 14th. They set a “neutral” rating and a $64.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of CoStar Group in a research note on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on shares of CoStar Group in a research report on Thursday, January 8th. Finally, Zacks Research downgraded shares of CoStar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.35.

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.