Weitz Investment Management Inc. Has $60.73 Million Stock Position in CoStar Group, Inc. $CSGP

Weitz Investment Management Inc. cut its position in CoStar Group, Inc. (NASDAQ:CSGP) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 719,850 shares of the technology company’s stock after selling 45,750 shares during the period. CoStar Group accounts for approximately 3.3% of Weitz Investment Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Weitz Investment Management Inc. owned about 0.17% of CoStar Group worth $60,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in CoStar Group in the second quarter worth approximately $426,783,000. Viking Global Investors LP acquired a new position in shares of CoStar Group during the second quarter worth approximately $258,773,000. Franklin Resources Inc. lifted its holdings in shares of CoStar Group by 70.3% in the 2nd quarter. Franklin Resources Inc. now owns 3,439,904 shares of the technology company’s stock worth $276,568,000 after purchasing an additional 1,419,732 shares in the last quarter. Vanguard Group Inc. grew its position in CoStar Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock valued at $5,910,662,000 after purchasing an additional 1,208,958 shares during the period. Finally, Third Point LLC increased its stake in CoStar Group by 56.2% during the 2nd quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock valued at $248,034,000 after purchasing an additional 1,110,000 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

CoStar Group News Summary

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Q4 results beat consensus — CoStar reported $0.31 EPS vs. $0.27 expected and $900M revenue (≈+26.9% YoY), showing strong top-line growth that underpins the upbeat reaction. CoStar Group (CSGP) Surpasses Q4 Estimates
• Positive Sentiment: Analyst support remains — Needham’s Mayank Tandon reiterated a Buy rating on CSGP despite lowering the price target to $60, signaling continued analyst conviction in the company’s multi-year story. Needham Maintains Buy on CoStar
• Neutral Sentiment: Investor communications update — CoStar expanded use of its corporate website for official investor disclosures, a governance/IR change that improves access but is unlikely to move fundamentals. CoStar Expands Investor Disclosures
• Neutral Sentiment: Product/market signal — Homes.com published high-end sale data showing continued activity in luxury markets, which supports CoStar’s residential marketplace relevance but is more PR than a near-term earnings driver. Homes.com Release
• Negative Sentiment: Weaker-than-expected Q1 guidance drove the pullback — management guided Q1 2026 EPS of $0.160–$0.190 (consensus ~ $0.230) and revenue $890–900M (below consensus), which prompted investor concern about near-term margin/booking cadence. CoStar Beats Q4 but Outlook Disappoints
• Negative Sentiment: Market reaction and narrative risk — coverage noted the stock’s valuation and activist/strategic narrative shifts, which can amplify volatility as investors reassess multiples versus growth prospects. Narrative Shifts After Homes.com and Activist Pressure

CoStar Group Trading Up 2.7%

NASDAQ:CSGP opened at $49.15 on Wednesday. CoStar Group, Inc. has a 52 week low of $43.80 and a 52 week high of $97.43. The firm has a 50-day moving average price of $59.63 and a two-hundred day moving average price of $71.63. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12. The firm has a market cap of $20.83 billion, a price-to-earnings ratio of 983.00, a price-to-earnings-growth ratio of 1.26 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $900.00 million for the quarter, compared to the consensus estimate of $892.22 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The company’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, equities analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on CSGP. Citigroup restated a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. BTIG Research upgraded CoStar Group from a “neutral” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Tuesday, January 27th. Wells Fargo & Company set a $48.00 price objective on CoStar Group and gave the stock an “underweight” rating in a report on Wednesday, February 4th. Citizens Jmp lowered their price objective on CoStar Group from $78.00 to $73.00 and set a “market outperform” rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $84.00 target price on shares of CoStar Group in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and a consensus target price of $80.71.

CoStar Group 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.