Primecap Management Co. CA Acquires New Holdings in CoStar Group, Inc. $CSGP

Primecap Management Co. CA acquired a new position in CoStar Group, Inc. (NASDAQ:CSGP) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 821,600 shares of the technology company’s stock, valued at approximately $23,268,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of CoStar Group by 83.4% during the 4th quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock worth $156,111,000 after acquiring an additional 1,055,584 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position 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 worth $16,486,000 after purchasing an additional 122,776 shares during the period. SVB Wealth LLC lifted 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 purchasing an additional 32,923 shares during the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of CoStar Group by 45.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,114,972 shares of the technology company’s stock valued at $74,971,000 after purchasing an additional 348,460 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of CoStar Group by 4.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,057,184 shares of the technology company’s stock valued at $69,446,000 after purchasing an additional 49,657 shares during the period. Institutional investors own 96.60% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew C. Florance acquired 83,300 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the purchase, the chief executive officer owned 1,806,165 shares in the company, valued at $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the sale, the chief accounting officer owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. The trade was a 20.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.18% of the company’s stock.

CoStar Group Stock Down 2.0%

Shares of CoStar Group stock opened at $32.14 on Thursday. CoStar Group, Inc. has a 1 year low of $25.89 and a 1 year high of $91.89. The company has a market cap of $13.02 billion, a P/E ratio of 169.17, a P/E/G ratio of 0.86 and a beta of 0.72. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $30.03 and a 200 day moving average price of $36.13.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The company 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 business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, analysts expect that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. 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. Keefe, Bruyette & Woods cut shares of CoStar Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $41.00 to $29.00 in a report on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 target price on shares of CoStar Group and gave the stock a “sector perform” rating in a research report on Monday, July 13th. William Blair lowered shares of CoStar Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 29th. Finally, Citizens Jmp cut their price target on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.11.

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.