Reddit Inc. $RDDT Shares Bought by Aviva PLC

Aviva PLC raised its stake in shares of Reddit Inc. (NYSE:RDDT) by 117.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,554 shares of the company’s stock after purchasing an additional 26,228 shares during the period. Aviva PLC’s holdings in Reddit were worth $7,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Alliancebernstein L.P. lifted its stake in 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 buying an additional 2,871,232 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Reddit by 21,703.0% during the second quarter. Nordea Investment Management AB now owns 1,060,935 shares of the company’s stock valued at $164,021,000 after acquiring an additional 1,056,069 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Reddit by 11.1% in the first quarter. Vanguard Group Inc. now owns 10,198,552 shares of the company’s stock valued at $1,069,828,000 after acquiring an additional 1,017,162 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 during the last quarter. Finally, Scge Management L.P. boosted its stake in shares of Reddit by 121.1% in 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.

Reddit Stock Down 2.7%

NYSE:RDDT opened at $202.65 on Thursday. Reddit Inc. has a 52 week low of $79.75 and a 52 week high of $282.95. The stock’s fifty day moving average is $220.10 and its two-hundred day moving average is $176.09. The company has a market capitalization of $38.40 billion, a P/E ratio of 116.46, a P/E/G ratio of 2.29 and a beta of 2.14.

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. The firm had revenue of $585.00 million during the quarter, compared to the consensus estimate of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The company’s quarterly revenue was up 67.9% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. Reddit has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Reddit

In related news, COO Jennifer L. Wong sold 30,659 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $201.82, for a total transaction of $6,187,599.38. Following the completion of the transaction, the chief operating officer 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. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Christopher Brian Slowe sold 14,000 shares of Reddit stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $204.43, for a total transaction of $2,862,020.00. Following the completion of the sale, the chief technology officer owned 202,534 shares of the company’s stock, valued at $41,404,025.62. This trade represents a 6.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 434,126 shares of company stock worth $97,231,634 over the last three months. Insiders own 34.25% of the company’s stock.

Wall Street Analyst Weigh In

RDDT has been the subject of several recent research reports. Guggenheim increased their price objective on Reddit from $165.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Reddit from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Truist Financial set a $270.00 price target on shares of Reddit in a research note on Friday, October 31st. Cannonball Research reaffirmed a “buy” rating on shares of Reddit in a research note on Tuesday, September 23rd. Finally, Citigroup increased their price objective on shares of Reddit from $250.00 to $265.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Reddit has a consensus rating of “Moderate Buy” and a consensus price target of $226.33.

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.