Rep. Julie Johnson Sells Off Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Representative Julie Johnson (D-Texas) recently sold shares of CoStar Group, Inc. (NASDAQ:CSGP). In a filing disclosed on February 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in CoStar Group stock on January 15th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of ALLETE (NYSE:ALE) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 1/27/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Morgan Stanley (NYSE:MS) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/17/2025.

CoStar Group Stock Up 0.4 %

Shares of NASDAQ:CSGP opened at $73.56 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The stock has a market cap of $30.16 billion, a price-to-earnings ratio of 167.19 and a beta of 0.87. The company has a 50 day moving average of $74.04 and a 200-day moving average of $75.45. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38.

Insiders Place Their Bets

In other news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the completion of the transaction, the insider now owns 58,798 shares of the company’s stock, valued at $4,696,784.24. This trade represents a 8.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CSGP shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $83.00 price objective on shares of CoStar Group in a research note on Friday, January 10th. Keefe, Bruyette & Woods reduced their target price on CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. JMP Securities reaffirmed a “market outperform” rating and issued a $90.00 price target on shares of CoStar Group in a research note on Monday, December 16th. JPMorgan Chase & Co. cut their price target on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Stephens restated an “overweight” rating and set a $103.00 price objective on shares of CoStar Group in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and a consensus target price of $90.23.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. State Street Corp boosted its position in CoStar Group by 4.4% during the 3rd quarter. State Street Corp now owns 17,059,744 shares of the technology company’s stock worth $1,286,987,000 after acquiring an additional 722,153 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of CoStar Group by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 11,475,755 shares of the technology company’s stock worth $819,678,000 after purchasing an additional 166,769 shares in the last quarter. Polen Capital Management LLC acquired a new position in CoStar Group during the fourth quarter worth $465,134,000. Norges Bank acquired a new stake in CoStar Group in the 4th quarter valued at $390,755,000. Finally, Invesco Ltd. increased its stake in CoStar Group by 13.0% in the 4th quarter. Invesco Ltd. now owns 4,234,995 shares of the technology company’s stock valued at $303,183,000 after buying an additional 486,045 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

About CoStar Group

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.