Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Stake in CoStar Group, Inc. $CSGP

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,015,380 shares of the technology company’s stock, valued at approximately $28,756,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Barclays PLC increased 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 worth $156,111,000 after buying an additional 1,055,584 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of CoStar Group by 100.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock valued at $16,486,000 after acquiring an additional 122,776 shares during the period. SVB Wealth LLC boosted its holdings in shares of CoStar Group by 98.3% during 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 increased its holdings in shares of CoStar Group by 45.5% in 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 acquiring an additional 348,460 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in CoStar Group by 35.9% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 266,783 shares of the technology company’s stock valued at $17,938,000 after purchasing an additional 70,421 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CoStar Group

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

CoStar Group Stock Down 4.4%

NASDAQ CSGP opened at $32.26 on Friday. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $91.89. The company’s 50 day simple moving average is $29.97 and its 200 day simple moving average is $36.74. The company has a market capitalization of $13.07 billion, a P/E ratio of 169.80, a PEG ratio of 0.89 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.

CoStar Group (NASDAQ:CSGP) last issued its 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 business had revenue of $925.00 million for 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 company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. 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. Equities research analysts expect that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CSGP has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Citigroup downgraded CoStar Group from a “market outperform” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $33.00 in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods downgraded CoStar Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $41.00 to $29.00 in a research note on Wednesday, July 29th. Benchmark began coverage on CoStar Group in a research report on Thursday, June 4th. They set a “buy” rating and a $45.00 price target for the company. Finally, Robert W. Baird set a $34.00 price target on CoStar Group and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, CoStar Group presently has an average rating of “Hold” and an average target price of $41.61.

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.