Sumitomo Mitsui Trust Group Inc. Sells 45,610 Shares of CoStar Group, Inc. $CSGP

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 4.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 954,074 shares of the technology company’s stock after selling 45,610 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in CoStar Group were worth $38,487,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. United Capital Financial Advisors LLC raised its holdings in CoStar Group by 2.3% during the 3rd quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock valued at $637,000 after acquiring an additional 167 shares during the period. Man Group plc raised its position in CoStar Group by 1.7% in the 2nd quarter. Man Group plc now owns 10,368 shares of the technology company’s stock worth $834,000 after purchasing an additional 177 shares during the period. Norinchukin Bank The grew its holdings in shares of CoStar Group by 0.5% in the third quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock worth $2,998,000 after purchasing an additional 184 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of CoStar Group by 0.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,517 shares of the technology company’s stock valued at $1,446,000 after acquiring an additional 186 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of CoStar Group by 6.5% in the 3rd quarter. Allworth Financial LP now owns 3,745 shares of the technology company’s stock worth $316,000 after purchasing an additional 228 shares during the period. 96.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Andrew C. Florance purchased 71,430 shares of CoStar Group stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the acquisition, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

CSGP has been the topic of several recent research reports. The Goldman Sachs Group set a $46.00 price target on CoStar Group and gave the stock a “buy” rating in a research note on Thursday, June 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research note on Wednesday, June 24th. Keefe, Bruyette & Woods decreased their target price on CoStar Group from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Wall Street Zen downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Sunday. Finally, BTIG Research reiterated a “buy” rating and issued a $55.00 price target on shares of CoStar Group in a research note on Wednesday, April 29th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.50.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $28.39 on Monday. CoStar Group, Inc. has a 1-year low of $28.09 and a 1-year high of $97.43. The company’s fifty day simple moving average is $31.94 and its 200-day simple moving average is $43.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $11.59 billion, a PE ratio of 473.25, a P/E/G ratio of 0.73 and a beta of 0.74.

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