CoStar Group, Inc. $CSGP Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 34.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,674 shares of the technology company’s stock after selling 15,646 shares during the quarter. Texas Permanent School Fund Corp’s holdings in CoStar Group were worth $2,386,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in CoStar Group by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 68,847,483 shares of the technology company’s stock worth $5,535,338,000 after acquiring an additional 420,772 shares during the period. Bamco Inc. NY raised its stake in shares of CoStar Group by 3.4% in the second quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company’s stock worth $1,582,267,000 after purchasing an additional 647,413 shares during the last quarter. State Street Corp raised its stake in shares of CoStar Group by 0.9% in the second quarter. State Street Corp now owns 17,732,968 shares of the technology company’s stock worth $1,425,731,000 after purchasing an additional 158,539 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CoStar Group by 2.4% during the second quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company’s stock worth $989,905,000 after purchasing an additional 290,404 shares during the period. Finally, Norges Bank purchased a new stake in CoStar Group in the second quarter valued at approximately $426,783,000. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Up 0.5%

CSGP stock opened at $65.23 on Friday. CoStar Group, Inc. has a one year low of $62.00 and a one year high of $97.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12. The firm’s fifty day moving average is $69.71 and its 200 day moving average is $80.30. The firm has a market cap of $27.65 billion, a PE ratio of 1,304.60, a P/E/G ratio of 3.16 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The business had revenue of $833.60 million for the quarter, compared to analyst estimates of $823.62 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. On average, research analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CSGP shares. Wells Fargo & Company set a $60.00 price target on shares of CoStar Group and gave the stock an “underweight” rating in a research report on Monday, November 17th. Wolfe Research began coverage on shares of CoStar Group in a research note on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $105.00 target price on shares of CoStar Group in a report on Monday, December 8th. Jefferies Financial Group upgraded shares of CoStar Group to a “hold” rating in a research report on Wednesday, October 29th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.38.

CoStar Group Company 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.