LGT Fund Management Co Ltd. Raises Stock Holdings in CoStar Group, Inc. $CSGP

LGT Fund Management Co Ltd. raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 125.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,061 shares of the technology company’s stock after purchasing an additional 28,940 shares during the period. LGT Fund Management Co Ltd.’s holdings in CoStar Group were worth $4,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in shares of CoStar Group during the 2nd quarter worth approximately $426,783,000. Viking Global Investors LP acquired a new stake in CoStar Group in the 2nd quarter valued at $258,773,000. Franklin Resources Inc. grew its stake in CoStar Group by 70.3% in the 2nd quarter. Franklin Resources Inc. now owns 3,439,904 shares of the technology company’s stock valued at $276,568,000 after acquiring an additional 1,419,732 shares during the period. Vanguard Group Inc. increased its holdings in CoStar Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock worth $5,910,662,000 after acquiring an additional 1,208,958 shares in the last quarter. Finally, Third Point LLC increased its holdings in CoStar Group by 56.2% in the 2nd quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock worth $248,034,000 after acquiring an additional 1,110,000 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Price Performance

Shares of CSGP stock opened at $48.38 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84. The firm’s 50-day moving average is $56.48 and its two-hundred day moving average is $69.23. CoStar Group, Inc. has a 12 month low of $43.16 and a 12 month high of $97.43. The company has a market capitalization of $20.31 billion, a PE ratio of 4,842.84, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $900.00 million during the quarter, compared to analysts’ expectations of $892.22 million. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 EPS. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group declared that its Board of Directors has authorized a stock repurchase program on Wednesday, January 7th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the technology company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Robert W. Baird set a $73.00 price objective on shares of CoStar Group in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $68.00 target price on shares of CoStar Group in a research note on Thursday, January 8th. Bank of America set a $74.00 price target on shares of CoStar Group in a research report on Wednesday, January 7th. BMO Capital Markets decreased their price target on shares of CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. Finally, BTIG Research set a $60.00 price objective on CoStar Group and gave the stock a “buy” rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.35.

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.