LGT Fund Management Co Ltd. Boosts Stake in CoStar Group, Inc. $CSGP

LGT Fund Management Co Ltd. grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 125.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,061 shares of the technology company’s stock after purchasing an additional 28,940 shares during the period. LGT Fund Management Co Ltd.’s holdings in CoStar Group were worth $4,346,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. ING Groep NV lifted its position in CoStar Group by 1,950.5% in the third quarter. ING Groep NV now owns 128,052 shares of the technology company’s stock valued at $10,804,000 after buying an additional 121,807 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of CoStar Group by 14.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,380 shares of the technology company’s stock valued at $14,459,000 after acquiring an additional 21,225 shares during the last quarter. UMB Bank n.a. raised its stake in shares of CoStar Group by 51.6% in the 3rd quarter. UMB Bank n.a. now owns 225,305 shares of the technology company’s stock valued at $19,009,000 after acquiring an additional 76,720 shares during the period. Swedbank AB raised its stake in shares of CoStar Group by 21.0% in the 3rd quarter. Swedbank AB now owns 302,360 shares of the technology company’s stock valued at $25,510,000 after acquiring an additional 52,433 shares during the period. Finally, Generali Asset Management SPA SGR raised its stake in shares of CoStar Group by 641.8% in the 3rd quarter. Generali Asset Management SPA SGR now owns 23,880 shares of the technology company’s stock valued at $2,015,000 after acquiring an additional 20,661 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Trading Down 1.1%

CSGP opened at $48.38 on Monday. The business has a fifty day moving average price of $56.48 and a 200 day moving average price of $69.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84. CoStar Group, Inc. has a 12 month low of $43.16 and a 12 month high of $97.43. The stock has a market capitalization of $20.31 billion, a price-to-earnings ratio of 4,842.84, a PEG ratio of 1.30 and a beta of 0.90.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $900.00 million for the quarter, compared to analyst estimates of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.CoStar Group’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Sell-side analysts expect 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 initiated a share repurchase program on Wednesday, January 7th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the technology company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citizens Jmp lowered their price objective on shares of CoStar Group from $78.00 to $73.00 and set a “market outperform” rating for the company in a research report on Wednesday, February 25th. BTIG Research set a $60.00 target price on CoStar Group and gave the company a “buy” rating in a research report on Thursday, February 26th. Zacks Research cut CoStar Group from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. Keefe, Bruyette & Woods lowered their price target on CoStar Group from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group dropped their price objective on CoStar Group from $84.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $73.35.

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.