Railway Pension Investments Ltd Has $18.23 Million Stock Holdings in Reddit Inc. $RDDT

Railway Pension Investments Ltd raised its position in Reddit Inc. (NYSE:RDDT) by 99.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,100 shares of the company’s stock after purchasing an additional 60,400 shares during the period. Railway Pension Investments Ltd’s holdings in Reddit were worth $18,234,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Alliancebernstein L.P. increased its holdings in Reddit by 103.0% during the first quarter. Alliancebernstein L.P. now owns 5,659,990 shares of the company’s stock worth $593,733,000 after buying an additional 2,871,232 shares during the last quarter. Norges Bank acquired a new position in shares of Reddit during the 2nd quarter worth about $294,254,000. Nordea Investment Management AB raised its holdings in shares of Reddit by 21,703.0% in the 2nd quarter. Nordea Investment Management AB now owns 1,060,935 shares of the company’s stock valued at $164,021,000 after purchasing an additional 1,056,069 shares during the period. Vanguard Group Inc. raised its holdings in shares of Reddit by 11.1% in the 1st quarter. Vanguard Group Inc. now owns 10,198,552 shares of the company’s stock valued at $1,069,828,000 after purchasing an additional 1,017,162 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Reddit by 98.2% in 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.

Wall Street Analyst Weigh In

RDDT has been the topic of a number of recent analyst reports. Cannonball Research reissued a “buy” rating on shares of Reddit in a research report on Tuesday, September 23rd. Zacks Research raised Reddit from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 29th. Royal Bank Of Canada restated a “sector perform” rating on shares of Reddit in a research note on Wednesday, October 1st. B. Riley reaffirmed a “buy” rating and set a $245.00 price objective (up from $235.00) on shares of Reddit in a research report on Friday, October 31st. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $250.00 price objective (up from $225.00) on shares of Reddit in a research report on Monday, October 20th. Three investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $226.33.

Insider Transactions at Reddit

In other Reddit news, insider Benjamin Seong Lee sold 6,427 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $192.68, for a total transaction of $1,238,354.36. Following the completion of the transaction, the insider owned 67,613 shares of the company’s stock, valued at approximately $13,027,672.84. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer L. Wong sold 63,427 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $192.72, for a total transaction of $12,223,651.44. Following the completion of the transaction, the chief operating officer directly owned 1,184,528 shares of the company’s stock, valued at $228,282,236.16. This trade represents a 5.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 406,370 shares of company stock worth $85,827,004. 34.25% of the stock is owned by insiders.

Reddit Stock Performance

RDDT opened at $216.90 on Friday. The stock has a fifty day moving average of $206.20 and a 200-day moving average of $183.03. Reddit Inc. has a fifty-two week low of $79.75 and a fifty-two week high of $282.95. The company has a market capitalization of $41.10 billion, a P/E ratio of 124.66, a P/E/G ratio of 2.38 and a beta of 2.14.

Reddit (NYSE:RDDT) last released its earnings results on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, beating 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 firm had revenue of $584.91 million during the quarter, compared to the consensus estimate of $546.65 million. During the same period in the prior year, the company posted $0.16 EPS. The company’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 predict that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

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.