11,450 Shares in Reddit Inc. $RDDT Purchased by S&CO Inc.

S&CO Inc. acquired a new position in shares of Reddit Inc. (NYSE:RDDT) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 11,450 shares of the company’s stock, valued at approximately $1,987,000.

Several other large investors also recently bought and sold shares of RDDT. Capital World Investors acquired a new position in shares of Reddit during the fourth quarter valued at approximately $1,293,258,000. Norges Bank purchased a new stake in shares of Reddit during the fourth quarter worth approximately $372,047,000. Invesco Ltd. increased its position in shares of Reddit by 419.0% during the third quarter. Invesco Ltd. now owns 1,487,941 shares of the company’s stock worth $342,212,000 after purchasing an additional 1,201,237 shares in the last quarter. State Street Corp raised its stake in Reddit by 138.5% in the 2nd quarter. State Street Corp now owns 2,030,139 shares of the company’s stock valued at $305,678,000 after purchasing an additional 1,178,890 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Reddit by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 13,322,048 shares of the company’s stock valued at $3,062,339,000 after purchasing an additional 1,083,540 shares during the last quarter.

Wall Street Analysts Forecast Growth

RDDT has been the topic of a number of research reports. Raymond James Financial set a $180.00 price objective on Reddit and gave the company a “market perform” rating in a report on Friday, May 1st. Zacks Research upgraded shares of Reddit from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. UBS Group reissued a “buy” rating on shares of Reddit in a research note on Friday, July 31st. Oppenheimer lowered their price target on shares of Reddit from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Finally, Robert W. Baird set a $185.00 price objective on shares of Reddit in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Reddit has a consensus rating of “Moderate Buy” and a consensus target price of $220.90.

Reddit Stock Performance

NYSE RDDT opened at $178.25 on Friday. The stock’s fifty day moving average is $175.31 and its two-hundred day moving average is $159.83. The firm has a market capitalization of $34.29 billion, a P/E ratio of 41.45, a price-to-earnings-growth ratio of 0.60 and a beta of 2.03. Reddit Inc. has a fifty-two week low of $119.27 and a fifty-two week high of $282.95.

Reddit (NYSE:RDDT) last issued its earnings results on Thursday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.30. Reddit had a return on equity of 29.02% and a net margin of 31.35%.The company had revenue of $804.91 million during the quarter, compared to analysts’ expectations of $731.00 million. During the same period in the prior year, the business earned $0.45 EPS. The firm’s quarterly revenue was up 61.0% on a year-over-year basis. As a group, sell-side analysts forecast that Reddit Inc. will post 5.22 EPS for the current year.

Reddit News Roundup

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Index inclusion is the primary catalyst. The addition to the S&P 500 may prompt mandatory purchases by passive funds, while potentially expanding Reddit’s institutional shareholder base and trading liquidity. Reddit stock soars after S&P 500 inclusion announcement
• Positive Sentiment: Investor positioning turned more bullish. Trading in Reddit call options was unusually active, with 94,890 calls purchased—about 101% above typical daily volume—suggesting increased speculative interest in further gains.
• Positive Sentiment: Advertising and AI-related opportunities remain part of the longer-term story. Marketers are increasingly focused on Reddit because of its user-generated content, influence on consumer decisions, and potential relevance to large-language-model search and discovery. Brands increasingly focus on Reddit
• Neutral Sentiment: The immediate index-related boost may not persist. Historical commentary indicates that newly added S&P 500 stocks can experience an initial rally that fades after passive-fund buying is completed. Reddit also remains below its prior peak and is still down for the year, leaving the sustainability of the rally dependent on business execution. Performance of other new S&P 500 stocks
• Negative Sentiment: Google search-referral risks remain. Concerns that changes in search behavior could reduce traffic to Reddit represent an unresolved risk to audience growth, engagement, and advertising revenue. Reddit search referral concerns
• Negative Sentiment: Valuation concerns are limiting enthusiasm. At least one analyst downgraded the stock despite the index milestone, arguing that the S&P 500 inclusion alone does not eliminate execution and valuation risks. Reddit analyst downgrade

Insider Activity

In related news, CEO Steve Ladd Huffman sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $173.13, for a total transaction of $3,116,340.00. Following the completion of the sale, the chief executive officer directly owned 373,814 shares in the company, valued at approximately $64,718,417.82. This trade represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michelle Marie Reynolds sold 808 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $200.00, for a total transaction of $161,600.00. Following the sale, the chief accounting officer owned 15,060 shares of the company’s stock, valued at approximately $3,012,000. The trade was a 5.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 151,141 shares of company stock valued at $25,635,785. 28.48% of the stock is currently owned by insiders.

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.