Reddit Inc. $RDDT Shares Acquired by KBC Group NV

KBC Group NV grew its position in shares of Reddit Inc. (NYSE:RDDT) by 502.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,095 shares of the company’s stock after buying an additional 85,155 shares during the quarter. KBC Group NV’s holdings in Reddit were worth $15,372,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RDDT. Resona Asset Management Co. Ltd. grew its position in Reddit by 0.3% during the second quarter. Resona Asset Management Co. Ltd. now owns 20,201 shares of the company’s stock worth $3,023,000 after buying an additional 65 shares during the period. Congress Park Capital LLC raised its stake in Reddit by 2.0% in the 2nd quarter. Congress Park Capital LLC now owns 3,885 shares of the company’s stock valued at $585,000 after purchasing an additional 76 shares during the last quarter. Platinum Investment Management Ltd. lifted its stake in shares of Reddit by 4.3% during the second quarter. Platinum Investment Management Ltd. now owns 2,322 shares of the company’s stock valued at $350,000 after buying an additional 95 shares during the period. Signaturefd LLC boosted its holdings in shares of Reddit by 3.5% during the first quarter. Signaturefd LLC now owns 2,859 shares of the company’s stock worth $300,000 after purchasing an additional 97 shares during the last quarter. Finally, CWM LLC boosted its stake in Reddit by 100.0% in the 1st quarter. CWM LLC now owns 256 shares of the company’s stock worth $27,000 after buying an additional 128 shares during the last quarter.

Insider Buying and Selling

In other news, COO Jennifer L. Wong sold 30,659 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $201.82, for a total transaction of $6,187,599.38. Following the sale, the chief operating officer directly owned 1,295,968 shares in the company, valued at approximately $261,552,261.76. This represents a 2.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Christopher Brian Slowe sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $204.43, for a total value of $2,862,020.00. Following the completion of the sale, the chief technology officer directly owned 202,534 shares in the company, valued at approximately $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 have sold a total of 420,126 shares of company stock worth $93,805,834 over the last quarter. 34.25% of the stock is owned by company insiders.

Reddit Price Performance

Shares of RDDT opened at $189.51 on Friday. The stock has a market capitalization of $35.91 billion, a PE ratio of 108.91, a price-to-earnings-growth ratio of 2.23 and a beta of 2.14. The business’s fifty day moving average price is $219.24 and its 200 day moving average price is $176.19. Reddit Inc. has a 12-month low of $79.75 and a 12-month high of $282.95.

Reddit (NYSE:RDDT) last issued its earnings results on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.30. Reddit had a net margin of 18.33% and a return on equity of 14.94%. The company had revenue of $584.91 million for the quarter, compared to analysts’ expectations of $546.65 million. During the same period in the prior year, the company earned $0.16 earnings per share. The firm’s revenue was up 67.9% compared to the same quarter last year. Reddit has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Reddit in a research report on Wednesday, October 1st. Guggenheim raised their target price on Reddit from $165.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Sanford C. Bernstein raised their price objective on Reddit from $190.00 to $210.00 and gave the company a “market perform” rating in a research note on Friday, October 31st. Wells Fargo & Company raised their price target on shares of Reddit from $155.00 to $174.00 and gave the stock a “cautious” rating in a research report on Tuesday, October 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 price target on shares of Reddit in a report on Friday, October 3rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.