Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 11,000 Shares of CoStar Group, Inc. $CSGP

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 16.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 77,370 shares of the technology company’s stock after buying an additional 11,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CoStar Group were worth $6,221,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Rossby Financial LCC grew its stake in CoStar Group by 315.9% in the second quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock valued at $27,000 after acquiring an additional 259 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of CoStar Group during the first quarter worth about $29,000. Bayforest Capital Ltd bought a new position in shares of CoStar Group during the 1st quarter valued at about $29,000. GKV Capital Management Co. Inc. acquired a new position in shares of CoStar Group in the 1st quarter valued at approximately $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in CoStar Group during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Ratings Changes

CSGP has been the topic of a number of research reports. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. JPMorgan Chase & Co. boosted their price objective on shares of CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $91.00 target price on shares of CoStar Group in a research note on Thursday, October 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of CoStar Group in a research note on Wednesday, October 8th. Finally, BMO Capital Markets boosted their price target on CoStar Group from $82.00 to $89.00 and gave the company a “market perform” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.15.

Insider Transactions at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the completion of the transaction, the insider directly owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. This represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.09% of the company’s stock.

CoStar Group Stock Down 9.9%

CoStar Group stock opened at $70.51 on Thursday. The company has a market cap of $29.87 billion, a P/E ratio of 1,410.20, a price-to-earnings-growth ratio of 3.68 and a beta of 0.87. CoStar Group, Inc. has a 1-year low of $63.82 and a 1-year high of $97.43. The company has a fifty day simple moving average of $83.47 and a 200 day simple moving average of $82.75. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.47%. The firm had revenue of $833.60 million for the quarter, compared to analysts’ expectations of $823.62 million. During the same period in the previous year, the firm posted $0.22 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. Research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

About CoStar Group

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.