Mitsubishi UFJ Asset Management Co. Ltd. Buys 58,463 Shares of CoStar Group, Inc. $CSGP

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 926,020 shares of the technology company’s stock after acquiring an additional 58,463 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of CoStar Group worth $74,452,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Rossby Financial LCC raised its holdings in shares of CoStar Group by 315.9% in the 2nd quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock worth $27,000 after purchasing an additional 259 shares during the period. Bayforest Capital Ltd purchased a new stake in CoStar Group in the 1st quarter worth about $29,000. GKV Capital Management Co. Inc. purchased a new stake in CoStar Group in the 1st quarter worth about $31,000. Zions Bancorporation National Association UT bought a new stake in CoStar Group in the 1st quarter valued at about $31,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in CoStar Group by 137.4% during the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock valued at $32,000 after purchasing an additional 235 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $90.33, for a total value of $2,258,250.00. Following the transaction, the insider owned 293,103 shares of the company’s stock, valued at $26,475,993.99. This represents a 7.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CSGP has been the subject of several analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a report on Wednesday, October 29th. BTIG Research began coverage on CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating for the company. Jefferies Financial Group upgraded CoStar Group to a “hold” rating in a research report on Wednesday, October 29th. Needham & Company LLC increased their price objective on CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Robert W. Baird raised their target price on CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $94.15.

CoStar Group Trading Up 0.2%

CoStar Group stock opened at $67.52 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 3.12. CoStar Group, Inc. has a fifty-two week low of $63.82 and a fifty-two week high of $97.43. The stock has a market cap of $28.62 billion, a P/E ratio of 1,350.40, a PEG ratio of 3.32 and a beta of 0.86. The firm’s fifty day moving average price is $80.56 and its 200-day moving average price is $82.23.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The business had revenue of $833.60 million for the quarter, compared to analyst estimates of $823.62 million. During the same period in the prior year, the company earned $0.22 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. Equities research analysts forecast 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.