Allspring Global Investments Holdings LLC Has $12.01 Million Stock Holdings in CoStar Group, Inc. $CSGP

Allspring Global Investments Holdings LLC trimmed its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 36.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,879 shares of the technology company’s stock after selling 106,391 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CoStar Group were worth $12,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CSGP. Vanguard Group Inc. increased its position in CoStar Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock valued at $5,910,662,000 after purchasing an additional 1,208,958 shares during the period. Bamco Inc. NY boosted its stake in shares of CoStar Group by 3.4% in the 2nd quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company’s stock valued at $1,582,267,000 after purchasing an additional 647,413 shares during the last quarter. State Street Corp increased its position in shares of CoStar Group by 3.1% during the third quarter. State Street Corp now owns 18,284,128 shares of the technology company’s stock worth $1,542,632,000 after buying an additional 551,160 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of CoStar Group by 12.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,406,788 shares of the technology company’s stock worth $624,911,000 after buying an additional 821,111 shares during the period. Finally, Capital Research Global Investors raised its stake in CoStar Group by 27.0% during the third quarter. Capital Research Global Investors now owns 4,993,854 shares of the technology company’s stock worth $421,330,000 after buying an additional 1,062,452 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CSGP has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their target price on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 25th. Jefferies Financial Group raised CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on CoStar Group in a research note on Thursday, January 8th. Keefe, Bruyette & Woods cut their target price on CoStar Group from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Finally, Robert W. Baird set a $73.00 target price on CoStar Group 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, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.76.

Insider Transactions at CoStar Group

In other CoStar Group news, Director Louise S. Sams purchased 1,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the purchase, the director owned 20,409 shares of the company’s stock, valued at $986,979.24. This trade represents a 5.15% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.09% of the company’s stock.

CoStar Group Price Performance

CSGP stock opened at $39.95 on Monday. The stock’s 50 day simple moving average is $47.70 and its 200 day simple moving average is $62.74. The company has a market cap of $16.77 billion, a P/E ratio of 3,999.00, a price-to-earnings-growth ratio of 1.07 and a beta of 0.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84. CoStar Group, Inc. has a fifty-two week low of $38.69 and a fifty-two week high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $899.90 million during the quarter, compared to analysts’ expectations of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, research 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 plan on Wednesday, January 7th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.