Nisa Investment Advisors LLC Boosts Stock Position in Reddit Inc. $RDDT

Nisa Investment Advisors LLC increased its holdings in Reddit Inc. (NYSE:RDDT) by 44.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,782 shares of the company’s stock after purchasing an additional 4,245 shares during the period. Nisa Investment Advisors LLC’s holdings in Reddit were worth $2,075,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Reddit by 11.1% in the 1st quarter. Vanguard Group Inc. now owns 10,198,552 shares of the company’s stock worth $1,069,828,000 after buying an additional 1,017,162 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Reddit by 103.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,659,990 shares of the company’s stock valued at $593,733,000 after acquiring an additional 2,871,232 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Reddit by 10.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,073,939 shares of the company’s stock valued at $427,357,000 after acquiring an additional 389,761 shares during the last quarter. JPMorgan Chase & Co. grew its position in Reddit by 98.2% in the first quarter. JPMorgan Chase & Co. now owns 1,907,495 shares of the company’s stock worth $200,096,000 after acquiring an additional 944,847 shares in the last quarter. Finally, Scge Management L.P. increased its stake in Reddit by 121.1% during the first quarter. Scge Management L.P. now owns 1,612,000 shares of the company’s stock worth $169,099,000 after acquiring an additional 883,000 shares during the last quarter.

Insider Transactions at Reddit

In other news, COO Jennifer L. Wong sold 30,659 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $201.82, for a total value of $6,187,599.38. Following the sale, the chief operating officer owned 1,295,968 shares in the company, valued at $261,552,261.76. This represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Christopher Brian Slowe sold 14,000 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $197.10, for a total value of $2,759,400.00. Following the transaction, the chief technology officer owned 204,534 shares in the company, valued at $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. Insiders have sold 419,626 shares of company stock worth $94,485,676 over the last quarter. 34.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on RDDT. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 price objective on shares of Reddit in a research note on Friday, October 3rd. Wolfe Research upgraded Reddit to an “outperform” rating in a report on Sunday, August 3rd. Sanford C. Bernstein set a $190.00 price objective on shares of Reddit and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Argus initiated coverage on shares of Reddit in a research report on Monday, August 18th. They set a “buy” rating and a $250.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Reddit in a research note on Wednesday, October 8th. 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $217.50.

Reddit Stock Down 7.4%

Shares of NYSE RDDT opened at $195.27 on Friday. The firm has a market cap of $36.55 billion, a PE ratio of 177.52, a price-to-earnings-growth ratio of 3.22 and a beta of 2.23. Reddit Inc. has a twelve month low of $79.75 and a twelve month high of $282.95. The business has a fifty day simple moving average of $224.05 and a two-hundred day simple moving average of $169.49.

Reddit (NYSE:RDDT) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.30. Reddit had a net margin of 12.97% and a return on equity of 9.93%. The firm had revenue of $585.00 million for the quarter, compared to the consensus estimate of $546.65 million. During the same quarter in the previous year, the firm earned $0.16 EPS. The company’s quarterly revenue was up 67.9% compared to the same quarter last year. Reddit has set its Q4 2025 guidance at EPS. On average, research analysts expect that Reddit Inc. will post 1.12 earnings per share for the current year.

Reddit 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.