Tredje AP fonden Buys 80,186 Shares of Reddit Inc. $RDDT

Tredje AP fonden lifted its stake in Reddit Inc. (NYSE:RDDT) by 59.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 214,535 shares of the company’s stock after acquiring an additional 80,186 shares during the period. Tredje AP fonden owned 0.12% of Reddit worth $32,303,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. CWM LLC raised its stake in shares of Reddit by 100.0% in the 1st quarter. CWM LLC now owns 256 shares of the company’s stock valued at $27,000 after acquiring an additional 128 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of Reddit in the 1st quarter valued at approximately $31,000. Financial Perspectives Inc bought a new position in shares of Reddit in the 2nd quarter valued at approximately $34,000. Geneos Wealth Management Inc. raised its stake in shares of Reddit by 344.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after acquiring an additional 286 shares in the last quarter. Finally, Olde Wealth Management LLC bought a new position in shares of Reddit in the 1st quarter valued at approximately $46,000.

Reddit Trading Up 7.6%

RDDT opened at $209.15 on Friday. The stock has a market cap of $39.15 billion, a PE ratio of 120.20, a P/E/G ratio of 3.15 and a beta of 2.23. Reddit Inc. has a 1 year low of $79.75 and a 1 year high of $282.95. The stock’s 50 day simple moving average is $223.88 and its 200-day simple moving average is $170.78.

Reddit (NYSE:RDDT) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.30. The business had revenue of $585.00 million for the quarter, compared to analysts’ expectations of $546.65 million. Reddit had a return on equity of 15.55% and a net margin of 18.33%.Reddit’s quarterly revenue was up 67.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. Reddit has set its Q4 2025 guidance at EPS. Equities analysts forecast that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RDDT. Cannonball Research reiterated a “buy” rating on shares of Reddit in a report on Tuesday, September 23rd. Truist Financial set a $270.00 target price on shares of Reddit in a research report on Friday. Roth Capital set a $210.00 target price on shares of Reddit in a research report on Friday. Robert W. Baird boosted their target price on shares of Reddit from $177.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of Reddit in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $225.71.

Insider Activity

In other news, COO Jennifer L. Wong sold 30,659 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $201.82, for a total transaction of $6,187,599.38. Following the sale, the chief operating officer directly owned 1,295,968 shares in the company, valued at approximately $261,552,261.76. The trade was a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Christopher Brian Slowe sold 14,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $197.10, for a total value of $2,759,400.00. Following the completion of the sale, the chief technology officer directly owned 204,534 shares in the company, valued at approximately $40,313,651.40. This represents a 6.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 419,626 shares of company stock worth $94,485,676. Company insiders own 34.25% of the company’s stock.

Reddit Company Profile

Reddit, Inc operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.