Blair William & Co. IL Has $503,000 Position in Reddit Inc. $RDDT

Blair William & Co. IL grew its stake in Reddit Inc. (NYSE:RDDT) by 47.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,343 shares of the company’s stock after buying an additional 1,075 shares during the quarter. Blair William & Co. IL’s holdings in Reddit were worth $503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RDDT. Alliancebernstein L.P. boosted its holdings in shares of Reddit by 103.0% in the first 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 during the period. Vanguard Group Inc. boosted its holdings 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 buying an additional 1,017,162 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 valued at $200,096,000 after buying an additional 944,847 shares during the period. Scge Management L.P. boosted its holdings 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 valued at $169,099,000 after buying an additional 883,000 shares during the period. Finally, Baillie Gifford & Co. acquired a new position in shares of Reddit in the first quarter valued at approximately $78,675,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RDDT. Roth Capital upped their price target on shares of Reddit from $130.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Raymond James Financial restated a “strong-buy” rating and set a $225.00 target price (up previously from $175.00) on shares of Reddit in a report on Friday, August 1st. Jefferies Financial Group increased their target price on shares of Reddit from $230.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Needham & Company LLC increased their target price on shares of Reddit from $215.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Sanford C. Bernstein increased their target price on shares of Reddit from $130.00 to $150.00 and gave the stock a “market perform” rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Reddit currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.50.

Insider Activity at Reddit

In other news, CEO Steve Ladd Huffman sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $200.53, for a total value of $3,609,540.00. Following the sale, the chief executive officer directly owned 494,104 shares in the company, valued at approximately $99,082,675.12. This trade represents a 3.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jennifer L. Wong sold 30,741 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $257.28, for a total transaction of $7,909,044.48. Following the completion of the sale, the chief operating officer owned 1,295,968 shares in the company, valued at approximately $333,426,647.04. The trade was a 2.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 382,500 shares of company stock valued at $86,159,231. 34.25% of the stock is currently owned by company insiders.

Reddit Stock Down 2.0%

Shares of Reddit stock opened at $195.00 on Friday. The company has a market capitalization of $36.50 billion, a price-to-earnings ratio of 177.27, a PEG ratio of 3.04 and a beta of 2.23. Reddit Inc. has a 12-month low of $76.42 and a 12-month high of $282.95. The firm’s 50-day moving average price is $228.39 and its two-hundred day moving average price is $162.31.

Reddit (NYSE:RDDT) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. Reddit had a net margin of 12.97% and a return on equity of 9.93%. The firm had revenue of $499.63 million for the quarter, compared to the consensus estimate of $424.07 million. During the same period in the prior year, the company posted ($0.06) earnings per share. The business’s revenue for the quarter was up 77.9% on a year-over-year basis. Reddit has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Reddit Inc. will post 1.12 earnings per share for the current year.

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.