Andra AP fonden Has $20.75 Million Stock Holdings in Reddit Inc. $RDDT

Andra AP fonden grew its stake in shares of Reddit Inc. (NYSE:RDDT) by 1,185.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,800 shares of the company’s stock after purchasing an additional 127,079 shares during the period. Andra AP fonden owned about 0.07% of Reddit worth $20,749,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Resona Asset Management Co. Ltd. raised its holdings in Reddit by 0.3% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 20,201 shares of the company’s stock worth $3,023,000 after buying an additional 65 shares during the period. EFG Asset Management North America Corp. increased its position in shares of Reddit by 92.2% in the second quarter. EFG Asset Management North America Corp. now owns 17,788 shares of the company’s stock worth $2,674,000 after acquiring an additional 8,535 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in shares of Reddit during the second quarter valued at approximately $690,000. Transatlantique Private Wealth LLC purchased a new stake in shares of Reddit in the 2nd quarter valued at approximately $209,000. Finally, Wellington Shields Capital Management LLC acquired a new position in Reddit in the 2nd quarter worth approximately $4,298,000.

Reddit Stock Down 6.5%

NYSE RDDT opened at $183.51 on Friday. The stock has a market capitalization of $34.35 billion, a PE ratio of 105.47, a price-to-earnings-growth ratio of 2.16 and a beta of 2.14. Reddit Inc. has a 12-month low of $79.75 and a 12-month high of $282.95. The company has a 50 day moving average price of $221.79 and a two-hundred day moving average price of $172.96.

Reddit (NYSE:RDDT) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.30. Reddit had a net margin of 18.33% and a return on equity of 14.94%. The business had revenue of $585.00 million for the quarter, compared to the consensus estimate of $546.65 million. During the same quarter last year, the firm earned $0.16 EPS. Reddit’s revenue for the quarter was up 67.9% on a year-over-year basis. Reddit has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Reddit Inc. will post 1.12 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on RDDT. Wall Street Zen raised shares of Reddit from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Wolfe Research raised Reddit to an “outperform” rating in a research report on Sunday, August 3rd. Jefferies Financial Group raised their price objective on Reddit from $230.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Argus initiated coverage on Reddit in a research note on Monday, August 18th. They set a “buy” rating and a $250.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Reddit from $190.00 to $227.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $226.33.

Insiders Place Their Bets

In other news, CEO Steve Ladd Huffman sold 13,911 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $189.33, for a total transaction of $2,633,769.63. Following the completion of the sale, the chief executive officer owned 498,193 shares in the company, valued at approximately $94,322,880.69. This represents a 2.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Christopher Brian Slowe sold 14,000 shares of the firm’s 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 transaction, the chief technology officer directly owned 204,534 shares in the company, valued at $40,313,651.40. The trade was a 6.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 420,126 shares of company stock valued at $94,369,614 over the last quarter. Insiders own 34.25% of the company’s stock.

About Reddit

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.