Legal & General Group Plc Increases Position in CoStar Group, Inc. $CSGP

Legal & General Group Plc lifted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,861,300 shares of the technology company’s stock after purchasing an additional 161,543 shares during the period. Legal & General Group Plc’s holdings in CoStar Group were worth $192,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of CoStar Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock worth $5,910,662,000 after purchasing an additional 1,208,958 shares in the last quarter. State Street Corp grew its stake in CoStar Group by 3.1% during the third quarter. State Street Corp now owns 18,284,128 shares of the technology company’s stock valued at $1,542,632,000 after acquiring an additional 551,160 shares in the last quarter. Baillie Gifford & Co. grew its stake in CoStar Group by 56.9% during the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after acquiring an additional 4,691,543 shares in the last quarter. Capital Research Global Investors grew its stake in CoStar Group by 27.0% during the third quarter. Capital Research Global Investors now owns 4,993,854 shares of the technology company’s stock valued at $421,330,000 after acquiring an additional 1,062,452 shares in the last quarter. Finally, Invesco Ltd. grew its stake in CoStar Group by 2.2% during the third quarter. Invesco Ltd. now owns 4,537,343 shares of the technology company’s stock valued at $382,816,000 after acquiring an additional 98,879 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CoStar Group news, Director Louise S. Sams acquired 1,000 shares of the company’s stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $48.36 per share, with a total value of $48,360.00. Following the purchase, the director directly owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This represents a 5.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew C. Florance acquired 71,430 shares of the company’s stock in a transaction on Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the purchase, the chief executive officer directly owned 1,722,865 shares in the company, valued at approximately $60,644,848. This represents a 4.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.09% of the company’s stock.

Analyst Ratings Changes

CSGP has been the subject of several research analyst reports. Citizens Jmp cut their target price on shares of CoStar Group from $73.00 to $44.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 29th. Robert W. Baird cut their target price on shares of CoStar Group from $73.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Stephens cut their target price on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. BTIG Research reaffirmed a “buy” rating and set a $55.00 target price on shares of CoStar Group in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company cut their target price on shares of CoStar Group from $40.00 to $33.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.94.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP opened at $32.32 on Thursday. CoStar Group, Inc. has a 52 week low of $31.35 and a 52 week high of $97.43. The stock has a market capitalization of $13.20 billion, a P/E ratio of 538.76, a PEG ratio of 0.84 and a beta of 0.75. The firm has a fifty day simple moving average of $37.34 and a two-hundred day simple moving average of $51.97. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The business had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.73 million. During the same period last year, the company posted ($0.04) EPS. The business’s revenue was up 22.5% on a year-over-year basis. 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. On average, analysts expect that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

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.