Asset Management One Co. Ltd. Grows Stock Holdings in Reddit Inc. $RDDT

Asset Management One Co. Ltd. lifted its position in shares of Reddit Inc. (NYSE:RDDT) by 0.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,309 shares of the company’s stock after buying an additional 236 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Reddit were worth $3,961,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. CWM LLC lifted 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 purchasing an additional 128 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Reddit during the 1st quarter valued at about $31,000. Financial Perspectives Inc purchased a new stake in shares of Reddit during the 2nd quarter valued at about $34,000. Geneos Wealth Management Inc. raised its position in shares of Reddit by 344.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after buying an additional 286 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Reddit during the 1st quarter valued at about $46,000.

Reddit Stock Performance

RDDT stock opened at $213.32 on Wednesday. The firm has a market cap of $39.92 billion, a PE ratio of 193.93, a P/E/G ratio of 3.35 and a beta of 2.23. The firm’s fifty day moving average is $224.67 and its 200 day moving average is $168.54. Reddit Inc. has a one year low of $79.10 and a one year high of $282.95.

Reddit (NYSE:RDDT) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.20 by $0.25. Reddit had a net margin of 12.97% and a return on equity of 9.93%. The company had revenue of $499.63 million for the quarter, compared to analyst estimates of $424.07 million. During the same quarter last year, the business earned ($0.06) earnings per share. The firm’s revenue was up 77.9% on a year-over-year basis. Reddit has set its Q3 2025 guidance at EPS. Research analysts predict that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Reddit

In other news, CFO Andrew Vollero sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $218.09, for a total value of $6,542,700.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Christopher Brian Slowe sold 28,000 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $218.94, for a total transaction of $6,130,320.00. Following the completion of the transaction, the chief technology officer directly owned 222,534 shares in the company, valued at approximately $48,721,593.96. This represents a 11.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 419,626 shares of company stock valued at $94,485,676. Corporate insiders own 34.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on RDDT. Bank of America upped their price target on shares of Reddit from $130.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Morgan Stanley upped their price target on shares of Reddit from $170.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Reddit in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Reddit from $145.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Finally, Jefferies Financial Group increased their price objective on shares of Reddit from $230.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Reddit has an average rating of “Moderate Buy” and an average price target of $217.50.

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.