Riverbridge Partners LLC Lowers Stock Position in CoStar Group, Inc. $CSGP

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Riverbridge Partners LLC reduced its stake in CoStar Group, Inc. by 12.5% in Q4, selling over 206,000 shares, though CoStar remains its 15th largest holding. Despite this reduction, institutional ownership in CoStar is high at 96.60%, with several other funds increasing their positions and an insider director also making a purchase. CoStar recently exceeded quarterly EPS and revenue estimates, announced a $1.5 billion share buyback program, and has a “Moderate Buy” consensus rating from analysts.

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