Tiger Global Management LLC Cuts Holdings in CoStar Group, Inc. $CSGP

Tiger Global Management LLC lowered its position in CoStar Group, Inc. (NASDAQ:CSGP) by 33.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,500,000 shares of the technology company’s stock after selling 759,109 shares during the quarter. Tiger Global Management LLC’s holdings in CoStar Group were worth $60,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. United Capital Financial Advisors LLC increased its stake in CoStar Group by 2.3% during the third quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock worth $637,000 after acquiring an additional 167 shares during the last quarter. Man Group plc lifted its stake in shares of CoStar Group by 1.7% in the 2nd quarter. Man Group plc now owns 10,368 shares of the technology company’s stock valued at $834,000 after purchasing an additional 177 shares in the last quarter. Norinchukin Bank The lifted its stake in shares of CoStar Group by 0.5% in the 3rd quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock valued at $2,998,000 after purchasing an additional 184 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of CoStar Group by 0.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,517 shares of the technology company’s stock worth $1,446,000 after purchasing an additional 186 shares during the period. Finally, Keel Point LLC grew its holdings in shares of CoStar Group by 6.4% during the 2nd quarter. Keel Point LLC now owns 3,830 shares of the technology company’s stock worth $308,000 after purchasing an additional 231 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insider Activity

In other news, CEO Andrew C. Florance bought 71,430 shares of CoStar Group stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 1,722,865 shares in the company, valued at approximately $60,644,848. This trade represents a 4.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.18% of the stock is owned by corporate insiders.

CoStar Group Price Performance

CSGP stock opened at $27.66 on Friday. The firm has a market cap of $11.30 billion, a P/E ratio of 461.08, a price-to-earnings-growth ratio of 0.71 and a beta of 0.74. 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, Inc. has a 1 year low of $26.68 and a 1 year high of $97.43. The stock has a 50-day simple moving average of $30.98 and a 200-day simple moving average of $41.31.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $897.00 million for the quarter, compared to analyst estimates of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.CoStar Group’s revenue for the quarter 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. On average, equities analysts predict that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CSGP. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Robert W. Baird set a $34.00 price objective on shares of CoStar Group and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Wells Fargo & Company set a $26.00 price objective on shares of CoStar Group and gave the stock an “underweight” rating in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a research report on Thursday, April 30th. Finally, Wall Street Zen raised shares of CoStar Group from a “hold” rating to a “buy” rating in a research note on Saturday. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and an average target price of $51.50.

About CoStar Group

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.