Universal Beteiligungs und Servicegesellschaft mbH Raises Holdings in Reddit Inc. $RDDT

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Reddit Inc. (NYSE:RDDT) by 45.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,318 shares of the company’s stock after acquiring an additional 36,588 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Reddit were worth $26,988,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Huntington National Bank lifted its holdings in Reddit by 25.6% in the third quarter. Huntington National Bank now owns 270 shares of the company’s stock valued at $62,000 after acquiring an additional 55 shares during the period. Institute for Wealth Management LLC. grew its stake in shares of Reddit by 6.1% during the 4th quarter. Institute for Wealth Management LLC. now owns 1,071 shares of the company’s stock worth $246,000 after purchasing an additional 62 shares during the period. Roxbury Financial LLC increased its holdings in shares of Reddit by 7.4% during the 4th quarter. Roxbury Financial LLC now owns 929 shares of the company’s stock valued at $214,000 after purchasing an additional 64 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of Reddit by 5.0% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,439 shares of the company’s stock valued at $331,000 after purchasing an additional 69 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Reddit by 9.9% in the 3rd quarter. IFP Advisors Inc now owns 796 shares of the company’s stock valued at $183,000 after purchasing an additional 72 shares during the period.

Reddit Stock Performance

Shares of NYSE RDDT opened at $152.61 on Friday. The firm has a market cap of $29.16 billion, a PE ratio of 58.25, a PEG ratio of 1.19 and a beta of 2.40. The firm has a fifty day moving average of $143.19 and a 200 day moving average of $186.15. Reddit Inc. has a one year low of $94.89 and a one year high of $282.95.

Reddit (NYSE:RDDT) last posted its quarterly earnings data on Thursday, February 5th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.28. Reddit had a net margin of 24.05% and a return on equity of 20.89%. The business had revenue of $725.61 million for the quarter, compared to the consensus estimate of $665.80 million. During the same period last year, the firm posted $0.36 earnings per share. The company’s revenue was up 69.7% compared to the same quarter last year. On average, equities analysts predict that Reddit Inc. will post 4.02 EPS for the current fiscal year.

Insider Activity at Reddit

In other news, Director Sarah E. Farrell acquired 43,800 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average cost of $149.52 per share, for a total transaction of $6,548,976.00. Following the purchase, the director owned 43,800 shares in the company, valued at approximately $6,548,976. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $145.12, for a total value of $2,612,160.00. Following the transaction, the chief executive officer directly owned 411,195 shares of the company’s stock, valued at $59,672,618.40. The trade was a 4.19% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have bought 61,000 shares of company stock worth $8,870,815 and have sold 298,441 shares worth $44,170,999. Insiders own 34.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RDDT shares. Cantor Fitzgerald lowered their price target on shares of Reddit from $240.00 to $170.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. DA Davidson started coverage on shares of Reddit in a research report on Tuesday. They issued a “buy” rating and a $200.00 price objective for the company. Zacks Research lowered shares of Reddit from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Argus set a $300.00 target price on Reddit in a research report on Friday, January 9th. Finally, Citizens Jmp cut their price target on Reddit from $300.00 to $250.00 and set a “market outperform” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Reddit currently has an average rating of “Moderate Buy” and an average price target of $234.22.

Reddit Profile

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.