SBI Securities Co. Ltd. Purchases 1,991 Shares of Reddit Inc. $RDDT

SBI Securities Co. Ltd. grew its position in Reddit Inc. (NYSE:RDDT) by 25.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,811 shares of the company’s stock after purchasing an additional 1,991 shares during the period. SBI Securities Co. Ltd.’s holdings in Reddit were worth $1,477,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Financial Perspectives Inc bought a new stake in Reddit in the 2nd quarter valued at approximately $34,000. CWM LLC raised its holdings in shares of Reddit by 100.0% in the first quarter. CWM LLC now owns 256 shares of the company’s stock valued at $27,000 after purchasing an additional 128 shares during the last quarter. Stone House Investment Management LLC bought a new stake in shares of Reddit in the first quarter worth $31,000. Geneos Wealth Management Inc. lifted its position in shares of Reddit by 344.6% in the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock worth $39,000 after purchasing an additional 286 shares in the last quarter. Finally, Western Pacific Wealth Management LP acquired a new position in Reddit during the second quarter worth $60,000.

Insider Transactions at Reddit

In other news, CFO Andrew Vollero sold 30,000 shares of Reddit stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $218.09, for a total transaction of $6,542,700.00. Following the sale, the chief financial officer directly owned 284,168 shares of the company’s stock, valued at approximately $61,974,199.12. This trade represents a 9.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jennifer L. Wong sold 40,967 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $220.38, for a total value of $9,028,307.46. Following the sale, the chief operating officer owned 120,033 shares in the company, valued at approximately $26,452,872.54. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 434,126 shares of company stock valued at $97,231,634 over the last quarter. 34.25% of the stock is currently owned by insiders.

Reddit Trading Down 2.7%

NYSE RDDT opened at $202.65 on Thursday. The company has a market cap of $38.40 billion, a price-to-earnings ratio of 116.46, a PEG ratio of 2.29 and a beta of 2.14. Reddit Inc. has a 1-year low of $79.75 and a 1-year high of $282.95. The company has a 50 day moving average of $220.10 and a 200-day moving average of $176.09.

Reddit (NYSE:RDDT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $546.65 million. During the same quarter in the prior year, the business posted $0.16 earnings per share. Reddit’s revenue was up 67.9% compared to the same quarter last year. Reddit has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Reddit Inc. will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Reddit from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Robert W. Baird lifted their target price on Reddit from $177.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Reddit in a research report on Wednesday, October 1st. Needham & Company LLC restated a “buy” rating and issued a $300.00 price target on shares of Reddit in a research note on Friday, October 31st. Finally, Oppenheimer upped their price objective on Reddit from $215.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 16th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Reddit has a consensus rating of “Moderate Buy” and an average target price of $226.33.

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.