Banco Bilbao Vizcaya Argentaria S.A. Purchases 558 Shares of CoStar Group, Inc. $CSGP

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,041 shares of the technology company’s stock after acquiring an additional 558 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in CoStar Group were worth $796,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. First Trust Advisors LP increased its holdings in CoStar Group by 10.5% in the 4th quarter. First Trust Advisors LP now owns 307,545 shares of the technology company’s stock worth $22,017,000 after buying an additional 29,224 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in CoStar Group by 11.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,997,561 shares of the technology company’s stock worth $143,011,000 after buying an additional 212,775 shares in the last quarter. Stifel Financial Corp increased its holdings in CoStar Group by 2.4% in the 4th quarter. Stifel Financial Corp now owns 275,505 shares of the technology company’s stock worth $19,723,000 after buying an additional 6,467 shares in the last quarter. MGO One Seven LLC bought a new stake in CoStar Group in the 4th quarter worth about $210,000. Finally, Integrated Wealth Concepts LLC bought a new stake in CoStar Group in the 4th quarter worth about $312,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on CSGP shares. Wells Fargo & Company reissued an “underweight” rating and issued a $70.00 target price (up from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. Citigroup raised their target price on CoStar Group from $91.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their target price on CoStar Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Finally, BMO Capital Markets raised their target price on CoStar Group from $82.00 to $89.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.25.

Insider Activity

In related news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the sale, the insider owned 319,539 shares of the company’s stock, valued at approximately $29,790,620.97. This trade represents a 7.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $92.85, for a total value of $188,764.05. Following the sale, the chief accounting officer directly owned 25,771 shares in the company, valued at $2,392,837.35. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. 1.09% of the stock is owned by company insiders.

CoStar Group Stock Up 3.2%

NASDAQ CSGP opened at $91.22 on Friday. The stock’s 50-day moving average price is $87.01 and its 200-day moving average price is $80.71. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $97.43. The company has a market capitalization of $38.65 billion, a P/E ratio of 364.88, a price-to-earnings-growth ratio of 4.44 and a beta of 0.85.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The firm had revenue of $781.30 million for the quarter, compared to the consensus estimate of $772.06 million. During the same quarter last year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, equities research analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.