CoStar Group, Inc. $CSGP Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. decreased its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,241,642 shares of the technology company’s stock after selling 298,727 shares during the period. Baillie Gifford & Co. owned approximately 1.95% of CoStar Group worth $695,347,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Citigroup reissued a “market outperform” rating on shares of CoStar Group in a research report on Thursday, January 8th. BMO Capital Markets lowered their price objective on CoStar Group from $77.00 to $72.00 and set a “market perform” rating for the company in a research note on Thursday, January 8th. Raymond James Financial set a $74.00 target price on CoStar Group in a research report on Wednesday, January 7th. Needham & Company LLC dropped their price target on shares of CoStar Group from $105.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $91.00 price objective on shares of CoStar Group in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, CoStar Group has a consensus rating of “Moderate Buy” and an average target price of $83.59.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $65.60 on Friday. The company has a market cap of $27.80 billion, a PE ratio of 1,312.00, a P/E/G ratio of 1.69 and a beta of 0.84. CoStar Group, Inc. has a fifty-two week low of $57.01 and a fifty-two week high of $97.43. The firm has a 50-day simple moving average of $65.99 and a 200 day simple moving average of $77.60. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $833.60 million during the quarter, compared to the consensus estimate of $823.62 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.CoStar Group’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share. 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. On average, sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 7th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to buy up to 5.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

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.