First Citizens Bank & Trust Co. Sells 7,743 Shares of CoStar Group, Inc. $CSGP

First Citizens Bank & Trust Co. decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,146 shares of the technology company’s stock after selling 7,743 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in CoStar Group were worth $9,968,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC boosted its position in shares of CoStar Group by 9.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after acquiring an additional 426 shares during the period. NewEdge Advisors LLC boosted its holdings in CoStar Group by 727.5% in the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock valued at $117,000 after purchasing an additional 1,295 shares during the period. Jones Financial Companies Lllp grew its position in CoStar Group by 860.7% in the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock worth $1,006,000 after purchasing an additional 11,370 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of CoStar Group by 9.2% during the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock worth $629,000 after purchasing an additional 666 shares during the period. Finally, Woodline Partners LP raised its position in shares of CoStar Group by 44.6% during the first quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock valued at $2,821,000 after buying an additional 10,984 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analysts Set New Price Targets

CSGP has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research report on Monday, December 29th. Royal Bank Of Canada reissued a “sector perform” rating and set a $91.00 price objective on shares of CoStar Group in a report on Thursday, October 9th. Citigroup restated a “market outperform” rating on shares of CoStar Group in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $68.00 price target on shares of CoStar Group in a research note on Thursday, January 8th. Finally, Jefferies Financial Group raised shares of CoStar Group to a “hold” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.59.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP opened at $65.60 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 3.12. The business’s fifty day moving average price is $65.99 and its two-hundred day moving average price is $77.56. CoStar Group, Inc. has a fifty-two week low of $57.01 and a fifty-two week high of $97.43. The stock has a market capitalization of $27.80 billion, a price-to-earnings ratio of 1,312.00, a price-to-earnings-growth ratio of 1.68 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, beating 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 company had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. During the same quarter in the previous year, the company earned $0.22 EPS. The firm’s revenue for the quarter 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. As a group, analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group declared that its Board of Directors has approved a stock repurchase program on Wednesday, January 7th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors 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.