Cullen Frost Bankers Inc. Grows Stake in Reddit Inc. $RDDT

Cullen Frost Bankers Inc. increased its stake in shares of Reddit Inc. (NYSE:RDDT) by 22,651.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,037 shares of the company’s stock after purchasing an additional 34,883 shares during the period. Cullen Frost Bankers Inc.’s holdings in Reddit were worth $8,058,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its stake in Reddit by 880.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 94,676 shares of the company’s stock worth $14,255,000 after purchasing an additional 85,020 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Reddit in the second quarter worth about $2,078,000. J. Safra Sarasin Holding AG purchased a new position in shares of Reddit in the second quarter worth about $226,000. Plato Investment Management Ltd boosted its position in Reddit by 120.2% during the second quarter. Plato Investment Management Ltd now owns 2,970 shares of the company’s stock worth $446,000 after acquiring an additional 1,621 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in Reddit during the 2nd quarter valued at about $2,666,000.

Analyst Upgrades and Downgrades

RDDT has been the topic of a number of research reports. Raymond James Financial reissued a “strong-buy” rating and issued a $250.00 target price (up from $225.00) on shares of Reddit in a research note on Monday, October 20th. UBS Group set a $265.00 price target on Reddit in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $285.00 price objective on shares of Reddit in a research report on Tuesday, January 20th. Argus set a $300.00 target price on Reddit in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. raised their target price on Reddit from $190.00 to $227.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Reddit has an average rating of “Moderate Buy” and a consensus price target of $245.18.

Reddit Price Performance

Shares of RDDT stock opened at $218.47 on Monday. The company has a 50-day moving average of $225.46 and a two-hundred day moving average of $213.47. The firm has a market cap of $41.40 billion, a PE ratio of 125.56, a price-to-earnings-growth ratio of 1.49 and a beta of 2.17. Reddit Inc. has a 1-year low of $79.75 and a 1-year high of $282.95.

Reddit (NYSE:RDDT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.30. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The firm had revenue of $584.91 million for the quarter, compared to the consensus estimate of $546.65 million. During the same quarter in the previous year, the business earned $0.16 EPS. The company’s quarterly revenue was up 67.9% compared to the same quarter last year. Sell-side analysts anticipate that Reddit Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity at Reddit

In other news, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $232.78, for a total transaction of $4,190,040.00. Following the sale, the chief executive officer owned 448,576 shares of the company’s stock, valued at approximately $104,419,521.28. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Vollero sold 3,674 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $261.21, for a total transaction of $959,685.54. Following the completion of the transaction, the chief financial officer directly owned 251,644 shares of the company’s stock, valued at approximately $65,731,929.24. The trade was a 1.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 509,511 shares of company stock valued at $111,394,344. 34.25% of the stock is owned by company insiders.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Guggenheim reaffirmed a “buy” and set a $245 price target, implying meaningful upside from current levels and providing concrete analyst support for the rally. Guggenheim Buy Rating / Benzinga
• Positive Sentiment: A bullish Seeking Alpha note draws parallels between Reddit’s current monetization and early-2012 Facebook, projecting large upside if user and ARPU trends persist — a narrative that fuels long-term growth expectations. Reddit: Parallels To 2012 Facebook
• Positive Sentiment: High-visibility endorsements — notably Jim Cramer saying he “likes the company right here” and articles highlighting reasons investors favor Reddit — are lifting sentiment among retail investors. Jim Cramer Likes Reddit
• Neutral Sentiment: Analyst commentary is shifting: some pieces describe a rewriting of the price-target narrative as new estimates and multipliers are debated — this limits volatility but keeps the stock sensitive to upgrades/downgrades. Shifting Price Target Narrative / Yahoo Finance
• Neutral Sentiment: Valuation checks after recent share swings highlight high P/E and expected EPS growth; these analyses frame upside scenarios but also underline sensitivity to execution and ARPU trajectory. Valuation Check / Yahoo Finance
• Negative Sentiment: Insider selling by COO Jennifer L. Wong (multiple filings showing sizable share disposals) has weighed on sentiment and was cited as a driver of earlier price weakness; investors watch whether sales continue. COO Insider Sale / SEC Filing
• Negative Sentiment: Coverage noting a pullback tied to insider selling (reported ~4.4% drop) underscores short-term downside risk if sentiment flips or if growth guidance disappoints. Stock Down on Insider Selling / American Banking News
• Negative Sentiment: Critical analysis warns Reddit must grow at Meta-like scale to justify rich multiples and notes tougher competitive/monetization challenges, keeping execution risk top of mind for investors. Growth Challenges / Seeking Alpha

Reddit Company 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.