CoStar Group, Inc. $CSGP Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich trimmed its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 98.8% in the fourth quarter, Holdings Channel reports. The fund owned 880 shares of the technology company’s stock after selling 72,030 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in CoStar Group were worth $59,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CSGP. Baillie Gifford & Co. lifted its position in CoStar Group by 56.9% during the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock worth $869,627,000 after acquiring an additional 4,691,543 shares during the period. Viking Global Investors LP acquired a new stake in CoStar Group during the 2nd quarter worth approximately $258,773,000. Vanguard Group Inc. lifted 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 worth $5,910,662,000 after acquiring an additional 1,208,958 shares during the period. Capital Research Global Investors lifted its position in CoStar Group by 27.0% during the 3rd quarter. Capital Research Global Investors now owns 4,993,854 shares of the technology company’s stock worth $421,330,000 after acquiring an additional 1,062,452 shares during the period. Finally, Ion Asset Management Ltd. lifted its position in CoStar Group by 730.3% during the 2nd quarter. Ion Asset Management Ltd. now owns 1,169,833 shares of the technology company’s stock worth $94,055,000 after acquiring an additional 1,028,933 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CoStar Group

In other news, CEO Andrew C. Florance acquired 71,430 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the purchase, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. This trade represents a 4.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Louise S. Sams acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $48.36 per share, with a total value of $48,360.00. Following the completion of the purchase, the director directly owned 20,409 shares in the company, valued at $986,979.24. This represents a 5.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.09% of the company’s stock.

Analyst Ratings Changes

CSGP has been the subject of a number of recent research reports. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Tuesday, March 3rd. Stephens decreased their price objective on CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on CoStar Group in a research report on Thursday, April 30th. Citigroup decreased their price objective on CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, Citizens Jmp decreased their price objective on CoStar Group from $73.00 to $44.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 29th. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and an average price target of $58.12.

CoStar Group Stock Performance

Shares of CSGP stock opened at $32.68 on Monday. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 544.76, a price-to-earnings-growth ratio of 0.84 and a beta of 0.75. The stock has a 50 day simple moving average of $39.35 and a 200-day simple moving average of $54.06. CoStar Group, Inc. has a 12-month low of $31.35 and a 12-month high of $97.43. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The company’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) EPS. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. On average, equities analysts forecast that CoStar Group, Inc. will post 1.03 EPS for the current year.

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.