SVB Wealth LLC Raises Position in CoStar Group, Inc. $CSGP

SVB Wealth LLC increased its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 98.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,410 shares of the technology company’s stock after buying an additional 32,923 shares during the quarter. SVB Wealth LLC’s holdings in CoStar Group were worth $4,465,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Baillie Gifford & Co. boosted its holdings in CoStar Group by 56.9% in the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock worth $869,627,000 after acquiring an additional 4,691,543 shares during the period. Viking Global Investors LP acquired a new position in shares of CoStar Group during the second quarter worth $258,773,000. Vanguard Group Inc. grew its holdings in CoStar Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock valued at $5,910,662,000 after purchasing an additional 1,208,958 shares in the last quarter. Capital Research Global Investors increased its stake in CoStar Group by 27.0% during the 3rd quarter. Capital Research Global Investors now owns 4,993,854 shares of the technology company’s stock worth $421,330,000 after buying an additional 1,062,452 shares during the period. Finally, Ion Asset Management Ltd. increased its stake in CoStar Group by 730.3% during the 2nd quarter. Ion Asset Management Ltd. now owns 1,169,833 shares of the technology company’s stock worth $94,055,000 after buying an additional 1,028,933 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CSGP has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price objective on shares of CoStar Group from $63.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Jefferies Financial Group raised CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Friday, February 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research note on Friday, March 27th. Wall Street Zen upgraded CoStar Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Citizens Jmp dropped their price objective on CoStar Group from $73.00 to $44.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 29th. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.12.

Insider Buying and Selling

In other news, CEO Andrew C. Florance purchased 71,430 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the transaction, the chief executive officer owned 1,722,865 shares in the company, valued at approximately $60,644,848. The trade was a 4.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Louise S. Sams acquired 1,000 shares of the firm’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 acquisition, the director owned 20,409 shares of the company’s stock, valued at $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.09% of the stock is currently owned by insiders.

CoStar Group Stock Performance

Shares of CSGP stock opened at $32.77 on Monday. The stock has a market capitalization of $13.38 billion, a price-to-earnings ratio of 546.26, a PEG ratio of 0.84 and a beta of 0.75. CoStar Group, Inc. has a one year low of $32.71 and a one year high of $97.43. The company’s 50-day simple moving average is $40.92 and its 200-day simple moving average is $55.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data 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 firm had revenue of $897.00 million during the quarter, compared to analyst estimates of $896.73 million. During the same period in the previous year, the company earned ($0.04) earnings per share. CoStar Group’s quarterly 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. Equities analysts anticipate 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.