Mitsubishi UFJ Trust & Banking Corp Sells 10,397 Shares of CoStar Group, Inc. $CSGP

Mitsubishi UFJ Trust & Banking Corp reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 2.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 466,278 shares of the technology company’s stock after selling 10,397 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in CoStar Group were worth $39,340,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Quent Capital LLC acquired a new position in CoStar Group in the 3rd quarter valued at $26,000. Rossby Financial LCC increased its position in shares of CoStar Group by 315.9% in the second quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock worth $27,000 after purchasing an additional 259 shares during the period. Manning & Napier Advisors LLC acquired a new position in CoStar Group in the third quarter valued at about $28,000. Root Financial Partners LLC acquired a new position in CoStar Group in the third quarter valued at about $31,000. Finally, NewSquare Capital LLC lifted its position in CoStar Group by 35.6% during the second quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock worth $33,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

CSGP has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of CoStar Group from $100.00 to $75.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. BNP Paribas Exane initiated coverage on shares of CoStar Group in a research report on Wednesday, January 14th. They set a “neutral” rating and a $64.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on shares of CoStar Group in a research report on Thursday, January 8th. Raymond James Financial set a $74.00 target price on CoStar Group in a research note on Wednesday, January 7th. Finally, Exane BNP Paribas upgraded CoStar Group to a “hold” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.59.

CoStar Group Price Performance

Shares of CSGP opened at $65.60 on Monday. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The stock has a market cap of $27.80 billion, a PE ratio of 1,312.00, a PEG ratio of 1.72 and a beta of 0.84. CoStar Group, Inc. has a 12-month low of $57.01 and a 12-month high of $97.43. The business has a 50-day simple moving average of $65.99 and a two-hundred day simple moving average of $77.51.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The company had revenue of $833.60 million for the quarter, compared to analysts’ expectations of $823.62 million. During the same period in the previous year, the business posted $0.22 earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. 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. Analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its Board of Directors has approved a share repurchase program on Wednesday, January 7th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.