Cetera Investment Advisers Sells 4,468 Shares of Reddit Inc. $RDDT

Cetera Investment Advisers decreased its position in Reddit Inc. (NYSE:RDDT) by 24.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 14,139 shares of the company’s stock after selling 4,468 shares during the period. Cetera Investment Advisers’ holdings in Reddit were worth $2,129,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of RDDT. Teacher Retirement System of Texas raised its stake in Reddit by 880.5% in the second quarter. Teacher Retirement System of Texas now owns 94,676 shares of the company’s stock valued at $14,255,000 after buying an additional 85,020 shares during the period. Petrus Trust Company LTA bought a new stake in Reddit in the 1st quarter valued at $473,000. JPMorgan Chase & Co. lifted its holdings in Reddit by 98.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,907,495 shares of the company’s stock valued at $200,096,000 after purchasing an additional 944,847 shares during the last quarter. Greycroft LP lifted its holdings in Reddit by 109.1% during the 1st quarter. Greycroft LP now owns 11,500 shares of the company’s stock valued at $1,206,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Think Investments LP boosted its position in Reddit by 10.3% during the first quarter. Think Investments LP now owns 268,000 shares of the company’s stock worth $28,113,000 after purchasing an additional 25,000 shares during the period.

Reddit Trading Up 4.5%

Shares of RDDT opened at $216.90 on Friday. Reddit Inc. has a 12 month low of $79.75 and a 12 month high of $282.95. The firm’s 50 day moving average is $206.20 and its 200-day moving average is $183.03. The stock has a market capitalization of $41.10 billion, a PE ratio of 124.66, a P/E/G ratio of 2.38 and a beta of 2.14.

Reddit (NYSE:RDDT) last issued its quarterly earnings results 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 return on equity of 14.94% and a net margin of 18.33%.The business had revenue of $584.91 million for the quarter, compared to the consensus estimate of $546.65 million. During the same quarter in the prior year, the business posted $0.16 earnings per share. The firm’s quarterly revenue was up 67.9% compared to the same quarter last year. Reddit has set its Q4 2025 guidance at EPS. Equities research analysts predict that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RDDT shares. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of Reddit in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Reddit in a report on Tuesday. Citigroup boosted their price objective on Reddit from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Wells Fargo & Company increased their target price on Reddit from $155.00 to $174.00 and gave the stock a “cautious” rating in a research note on Tuesday, October 7th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $236.00 price target on shares of Reddit in a report on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $226.33.

Insider Activity at Reddit

In related news, insider Benjamin Seong Lee sold 6,427 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $192.68, for a total value of $1,238,354.36. Following the transaction, the insider owned 67,613 shares in the company, valued at approximately $13,027,672.84. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $194.81, for a total transaction of $3,506,580.00. Following the sale, the chief executive officer directly owned 485,958 shares of the company’s stock, valued at $94,669,477.98. This represents a 3.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 406,370 shares of company stock worth $85,827,004 in the last quarter. 34.25% of the stock is currently owned by corporate insiders.

Reddit Company 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.