Principal Financial Group Inc. Boosts Stock Position in CoStar Group, Inc. $CSGP

Principal Financial Group Inc. boosted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,696,192 shares of the technology company’s stock after buying an additional 130,118 shares during the period. Principal Financial Group Inc.’s holdings in CoStar Group were worth $713,866,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in CoStar Group in the fourth quarter worth $476,765,000. Baillie Gifford & Co. increased its holdings in shares of CoStar Group by 56.9% during the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after acquiring an additional 4,691,543 shares in the last quarter. Capital International Investors increased its holdings in shares of CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after acquiring an additional 4,053,456 shares in the last quarter. Viking Global Investors LP purchased a new position in shares of CoStar Group in the 2nd quarter worth about $258,773,000. Finally, Goldman Sachs Group Inc. raised its position in shares of CoStar Group by 70.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock worth $252,238,000 after purchasing an additional 1,556,100 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CSGP shares. Keefe, Bruyette & Woods dropped their price target on shares of CoStar Group from $50.00 to $41.00 and set an “outperform” rating on the stock in a research note on Monday. Citizens Jmp decreased their target price on shares of CoStar Group from $73.00 to $44.00 and set a “market outperform” rating for the company in a report on Wednesday, April 29th. Citigroup dropped their target price on shares of CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Stephens cut their price target on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Finally, The Goldman Sachs Group set a $46.00 price target on shares of CoStar Group and gave the company a “buy” rating in a research report on Thursday, June 25th. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and a consensus price target of $52.72.

Insider Activity

In other CoStar Group news, CEO Andrew C. Florance bought 71,430 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This represents a 4.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.18% of the company’s stock.

CoStar Group Stock Up 1.3%

CSGP stock opened at $28.77 on Tuesday. CoStar Group, Inc. has a fifty-two week low of $28.09 and a fifty-two week high of $97.43. The business’s 50-day moving average is $31.82 and its two-hundred day moving average is $43.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market cap of $11.75 billion, a price-to-earnings ratio of 479.58, a P/E/G ratio of 0.73 and a beta of 0.74.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The business had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. During the same period last year, the firm posted ($0.04) earnings per share. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. 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, analysts forecast 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.