CoStar Group, Inc. $CSGP Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 12.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,844,665 shares of the technology company’s stock after selling 689,102 shares during the quarter. Bank of New York Mellon Corp owned 1.14% of CoStar Group worth $389,511,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CSGP. Emerald Advisers LLC grew its position in CoStar Group by 1.9% during the 2nd quarter. Emerald Advisers LLC now owns 5,763 shares of the technology company’s stock worth $463,000 after purchasing an additional 110 shares during the period. Wallace Advisory Group LLC lifted its holdings in shares of CoStar Group by 2.5% in the 2nd quarter. Wallace Advisory Group LLC now owns 5,201 shares of the technology company’s stock valued at $412,000 after buying an additional 126 shares during the period. Yousif Capital Management LLC boosted its stake in shares of CoStar Group by 0.3% in the second quarter. Yousif Capital Management LLC now owns 49,852 shares of the technology company’s stock worth $4,008,000 after buying an additional 130 shares during the last quarter. MGO One Seven LLC grew its holdings in CoStar Group by 5.0% during the second quarter. MGO One Seven LLC now owns 3,006 shares of the technology company’s stock worth $242,000 after acquiring an additional 143 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its holdings in CoStar Group by 5.4% during the second quarter. Fifth Third Wealth Advisors LLC now owns 3,183 shares of the technology company’s stock worth $256,000 after acquiring an additional 162 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insider Activity at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the completion of the sale, the insider directly owned 293,103 shares in the company, valued at approximately $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Robert W. Baird increased their price target on shares of CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Needham & Company LLC raised their price target on shares of CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. BTIG Research began coverage on shares of CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating for the company. Finally, William Blair reissued an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

CoStar Group Stock Up 0.6%

CSGP stock opened at $69.79 on Wednesday. CoStar Group, Inc. has a 52 week low of $63.82 and a 52 week high of $97.43. The company has a quick ratio of 5.83, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The firm has a 50-day simple moving average of $81.84 and a 200-day simple moving average of $82.48. The stock has a market capitalization of $29.58 billion, a P/E ratio of 1,395.80, a P/E/G ratio of 3.32 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The firm had revenue of $833.60 million for the quarter, compared to analyst estimates of $823.62 million. During the same period last year, the company posted $0.22 EPS. CoStar Group’s quarterly revenue was up 20.4% compared to the same quarter last year. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. Equities analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.