Asset Management One Co. Ltd. Increases Position in Reddit Inc. $RDDT

Asset Management One Co. Ltd. boosted its holdings in Reddit Inc. (NYSE:RDDT) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,309 shares of the company’s stock after purchasing an additional 236 shares during the period. Asset Management One Co. Ltd.’s holdings in Reddit were worth $3,961,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Reddit by 2.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,683 shares of the company’s stock valued at $1,540,000 after acquiring an additional 383 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Reddit during the first quarter valued at about $1,209,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Reddit by 0.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,748 shares of the company’s stock worth $44,766,000 after buying an additional 3,112 shares during the period. KBC Group NV lifted its holdings in Reddit by 608.5% in the first quarter. KBC Group NV now owns 16,940 shares of the company’s stock worth $1,777,000 after buying an additional 14,549 shares during the period. Finally, J.Safra Asset Management Corp purchased a new stake in Reddit in the first quarter worth about $167,000.

Insiders Place Their Bets

In other Reddit news, CTO Christopher Brian Slowe sold 14,000 shares of Reddit stock in a transaction that occurred 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 owned 204,534 shares of the company’s stock, valued at approximately $40,313,651.40. The trade was a 6.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jennifer L. Wong sold 30,659 shares of Reddit 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 completion of the sale, the chief operating officer directly owned 1,295,968 shares of the company’s stock, valued at approximately $261,552,261.76. This trade represents a 2.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 419,626 shares of company stock valued at $94,485,676. Company insiders own 34.25% of the company’s stock.

Reddit Stock Down 2.7%

Shares of NYSE RDDT opened at $213.32 on Wednesday. Reddit Inc. has a twelve month low of $79.10 and a twelve month high of $282.95. The firm has a market cap of $39.92 billion, a P/E ratio of 193.93, a PEG ratio of 3.35 and a beta of 2.23. The company has a 50 day moving average of $224.67 and a 200 day moving average of $168.54.

Reddit (NYSE:RDDT) last posted its earnings results on Thursday, July 31st. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. Reddit had a net margin of 12.97% and a return on equity of 9.93%. The business had revenue of $499.63 million during the quarter, compared to the consensus estimate of $424.07 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. The firm’s revenue was up 77.9% on a year-over-year basis. Reddit has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on RDDT shares. Argus started coverage on shares of Reddit in a report on Monday, August 18th. They issued a “buy” rating and a $250.00 price objective for the company. Cannonball Research reiterated a “buy” rating on shares of Reddit in a report on Tuesday, September 23rd. Roth Capital set a $185.00 target price on shares of Reddit and gave the company a “neutral” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. lifted their target price on shares of Reddit from $145.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Finally, Needham & Company LLC lifted their target price on shares of Reddit from $215.00 to $300.00 and gave the company a “buy” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $217.50.

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.