Banque Pictet & Cie SA Has $911,000 Stock Holdings in CoStar Group, Inc. $CSGP

Banque Pictet & Cie SA decreased its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 54.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,550 shares of the technology company’s stock after selling 16,449 shares during the quarter. Banque Pictet & Cie SA’s holdings in CoStar Group were worth $911,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

CSGP has been the topic of several research analyst reports. Wells Fargo & Company lowered 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 report on Wednesday, February 25th. BNP Paribas Exane assumed coverage on CoStar Group in a report on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 target price for the company. Jefferies Financial Group upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $68.00 price target on CoStar Group in a research report on Thursday, January 8th. Finally, The Goldman Sachs Group reduced their price objective on CoStar Group from $73.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. 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 company. Based on data from MarketBeat.com, CoStar Group has an average rating of “Moderate Buy” and an average price target of $72.76.

CoStar Group Stock Performance

Shares of CSGP opened at $39.95 on Friday. The company has a market capitalization of $16.77 billion, a PE ratio of 3,999.00, a PEG ratio of 1.06 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. The company’s 50 day moving average price is $48.22 and its 200 day moving average price is $63.43. CoStar Group, Inc. has a 52 week low of $38.69 and a 52 week high of $97.43.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating 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 $899.90 million during the quarter, compared to analyst estimates of $892.22 million. During the same quarter last year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Research analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

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

Insider Transactions at CoStar Group

In other news, Director Louise S. Sams acquired 1,000 shares of CoStar Group stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average price of $48.36 per share, with a total value of $48,360.00. Following the completion of the transaction, the director owned 20,409 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.09% of the company’s stock.

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.