Geode Capital Management LLC Sells 419,288 Shares of CoStar Group, Inc. $CSGP

Geode Capital Management LLC cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 3.3% during the fourth quarter, HoldingsChannel reports. The firm owned 12,182,167 shares of the technology company’s stock after selling 419,288 shares during the quarter. Geode Capital Management LLC’s holdings in CoStar Group were worth $816,237,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Lloyd Advisory Services LLC. purchased a new position in shares of CoStar Group in the 4th quarter worth approximately $29,000. Westside Investment Management Inc. boosted its stake in CoStar Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock worth $30,000 after purchasing an additional 180 shares during the last quarter. IFP Advisors Inc increased its stake in shares of CoStar Group by 329.4% in the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after acquiring an additional 471 shares during the last quarter. Rossby Financial LCC grew its stake in shares of CoStar Group by 47.5% in the 3rd quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock valued at $42,000 after buying an additional 162 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of CoStar Group by 25,650.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after purchasing an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

CSGP has been the subject of a number of research reports. Robert W. Baird dropped their price objective on CoStar Group from $73.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Needham & Company LLC cut their target price on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Zacks Research upgraded CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Citizens Jmp cut their price target on shares of CoStar Group from $73.00 to $44.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft set a $44.00 price target on shares of CoStar Group in a research note on Thursday, April 30th. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.94.

CoStar Group Stock Down 0.3%

CoStar Group stock opened at $32.20 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 536.76, a price-to-earnings-growth ratio of 0.83 and a beta of 0.75. CoStar Group, Inc. has a fifty-two week low of $31.35 and a fifty-two week high of $97.43. The stock’s fifty day moving average is $36.88 and its two-hundred day moving average is $51.59.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The company had revenue of $897.00 million for the quarter, compared to analyst estimates of $896.73 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. CoStar Group’s revenue was up 22.5% compared to the same quarter last year. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Analysts predict that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Louise S. Sams purchased 1,000 shares of the stock in a transaction dated Friday, March 6th. The stock was acquired at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the acquisition, the director directly owned 20,409 shares in the company, valued at $986,979.24. This represents a 5.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew C. Florance acquired 71,430 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the acquisition, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.09% of the company’s stock.

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.