2Xideas AG Sells 36,165 Shares of CoStar Group, Inc. $CSGP

2Xideas AG decreased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 22.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,002 shares of the technology company’s stock after selling 36,165 shares during the period. CoStar Group accounts for 2.2% of 2Xideas AG’s investment portfolio, making the stock its 8th biggest holding. 2Xideas AG’s holdings in CoStar Group were worth $10,462,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CSGP. Quent Capital LLC bought a new position in CoStar Group during the third quarter worth $26,000. Manning & Napier Advisors LLC bought a new stake in CoStar Group in the 3rd quarter valued at $28,000. Westside Investment Management Inc. raised its position in shares of CoStar Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of CoStar Group in the third quarter valued at about $31,000. Finally, SJS Investment Consulting Inc. lifted its stake in shares of CoStar Group by 3,046.2% in the third quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company’s stock valued at $35,000 after buying an additional 396 shares during the period. 96.60% of the stock is currently owned by institutional investors.

Insider Activity at CoStar Group

In other CoStar Group news, Director Louise S. Sams acquired 1,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the acquisition, the director directly owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This trade represents a 5.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.09% of the stock is currently owned by corporate insiders.

CoStar Group Stock Up 0.6%

Shares of NASDAQ CSGP opened at $43.63 on Friday. CoStar Group, Inc. has a 52-week low of $42.94 and a 52-week high of $97.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84. The stock has a market cap of $18.32 billion, a P/E ratio of 4,367.37, a P/E/G ratio of 1.16 and a beta of 0.89. The firm has a 50 day moving average price of $54.31 and a 200 day moving average price of $67.97.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The company had revenue of $900.00 million for the quarter, compared to analysts’ expectations of $892.22 million. During the same period last year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citizens Jmp lowered their price target on CoStar Group from $78.00 to $73.00 and set a “market outperform” rating on the stock in a research note on Wednesday, February 25th. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on CoStar Group in a research report on Thursday, January 8th. BTIG Research set a $60.00 target price on CoStar Group and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group reduced their target price on CoStar Group from $84.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $73.35.

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.