DAVENPORT & Co LLC Has $787,000 Stock Position in CoStar Group, Inc. $CSGP

DAVENPORT & Co LLC reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 80.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,701 shares of the technology company’s stock after selling 46,687 shares during the period. DAVENPORT & Co LLC’s holdings in CoStar Group were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Viking Global Investors LP acquired a new stake in CoStar Group in the 2nd quarter valued at $258,773,000. Vanguard Group Inc. raised its stake in CoStar Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock worth $5,910,662,000 after acquiring an additional 1,208,958 shares in the last quarter. Third Point LLC lifted its holdings in shares of CoStar Group by 56.2% during the second quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock valued at $248,034,000 after acquiring an additional 1,110,000 shares during the period. Capital Research Global Investors lifted its holdings in shares of 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 valued at $421,330,000 after acquiring an additional 1,062,452 shares during the period. Finally, Ion Asset Management Ltd. boosted its stake in shares of CoStar Group by 730.3% in the 2nd quarter. Ion Asset Management Ltd. now owns 1,169,833 shares of the technology company’s stock valued at $94,055,000 after purchasing an additional 1,028,933 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Louise S. Sams bought 1,000 shares of CoStar Group stock in a transaction dated Friday, March 6th. The shares were bought at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the transaction, the director owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.09% of the company’s stock.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP opened at $40.88 on Tuesday. The business has a fifty day moving average of $49.71 and a 200-day moving average of $64.09. 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 twelve month low of $39.18 and a twelve month high of $97.43. The firm has a market cap of $17.16 billion, a PE ratio of 4,092.09, a price-to-earnings-growth ratio of 1.06 and a beta of 0.90.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The business had revenue of $899.90 million for the quarter, compared to the consensus estimate of $892.22 million. During the same quarter in the prior year, the company earned $0.26 EPS. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, equities research analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group declared that its board has authorized a stock repurchase program on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CSGP. Deutsche Bank Aktiengesellschaft set a $68.00 target price on shares of CoStar Group in a report on Thursday, January 8th. Wells Fargo & Company decreased their price objective on shares of CoStar Group from $48.00 to $44.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. Zacks Research raised shares of CoStar Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. William Blair reiterated an “outperform” rating on shares of CoStar Group in a research note on Tuesday, March 3rd. Finally, Robert W. Baird set a $73.00 target price on CoStar Group in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.76.

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.