Jennison Associates LLC Has $9.50 Million Stock Position in CoStar Group, Inc. $CSGP

Jennison Associates LLC grew its position in CoStar Group, Inc. (NASDAQ:CSGP) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 118,153 shares of the technology company’s stock after buying an additional 970 shares during the period. Jennison Associates LLC’s holdings in CoStar Group were worth $9,500,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in CoStar Group by 4.1% in the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company’s stock valued at $5,421,448,000 after buying an additional 2,709,320 shares during the period. Baillie Gifford & Co. lifted its holdings in CoStar Group by 6.6% in the first quarter. Baillie Gifford & Co. now owns 8,436,199 shares of the technology company’s stock valued at $668,400,000 after buying an additional 524,601 shares during the period. Mizuho Markets Americas LLC acquired a new position in CoStar Group in the first quarter valued at approximately $586,403,000. Polen Capital Management LLC lifted its holdings in CoStar Group by 1.6% in the first quarter. Polen Capital Management LLC now owns 6,601,800 shares of the technology company’s stock valued at $523,061,000 after buying an additional 104,612 shares during the period. Finally, Invesco Ltd. lifted its holdings in CoStar Group by 1.7% in the first quarter. Invesco Ltd. now owns 4,305,556 shares of the technology company’s stock valued at $341,129,000 after buying an additional 70,561 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the sale, the insider directly owned 293,103 shares in the company, valued at $26,475,993.99. This trade represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.09% of the stock is currently owned by insiders.

CoStar Group Stock Down 1.2%

NASDAQ:CSGP opened at $68.81 on Friday. CoStar Group, Inc. has a 1 year low of $63.82 and a 1 year high of $97.43. The company has a current ratio of 3.12, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. The stock has a market cap of $29.15 billion, a price-to-earnings ratio of 1,376.20, a PEG ratio of 3.32 and a beta of 0.87. The stock has a 50-day moving average price of $82.65 and a two-hundred day moving average price of $82.58.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, topping 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 business had revenue of $833.60 million for the quarter, compared to analyst estimates of $823.62 million. During the same period last year, the business posted $0.22 earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. As a group, equities analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on CSGP. Robert W. Baird increased their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. William Blair restated an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. Needham & Company LLC increased their price objective on shares of CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Jefferies Financial Group upgraded shares of CoStar Group to a “hold” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods increased their target price on shares of CoStar Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and a consensus target price of $94.15.

CoStar Group Company 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.