E Fund Management Hong Kong Co. Ltd. Makes New $76,000 Investment in Reddit Inc. $RDDT

E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Reddit Inc. (NYSE:RDDT) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 506 shares of the company’s stock, valued at approximately $76,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Petrus Trust Company LTA acquired a new stake in Reddit during the first quarter worth $473,000. JPMorgan Chase & Co. grew its stake 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 in the last quarter. Greycroft LP grew its stake in shares of Reddit by 109.1% in the first quarter. Greycroft LP now owns 11,500 shares of the company’s stock valued at $1,206,000 after buying an additional 6,000 shares in the last quarter. Think Investments LP grew its stake in shares of Reddit by 10.3% in the first quarter. Think Investments LP now owns 268,000 shares of the company’s stock valued at $28,113,000 after buying an additional 25,000 shares in the last quarter. Finally, Sender Co & Partners Inc. acquired a new stake in shares of Reddit in the first quarter valued at $1,367,000.

Insider Activity at Reddit

In other news, CTO Christopher Brian Slowe sold 14,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $257.28, for a total value of $3,601,920.00. Following the completion of the sale, the chief technology officer directly owned 208,534 shares of the company’s stock, valued at approximately $53,651,627.52. The trade was a 6.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jennifer L. Wong sold 30,741 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $257.28, for a total value of $7,909,044.48. Following the completion of the sale, the chief operating officer directly owned 1,295,968 shares of the company’s stock, valued at $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. Insiders sold 397,834 shares of company stock worth $86,512,599 over the last three months. Company insiders own 34.25% of the company’s stock.

Reddit Trading Down 1.7%

NYSE:RDDT opened at $202.43 on Thursday. The firm has a market cap of $37.89 billion, a PE ratio of 184.03, a price-to-earnings-growth ratio of 3.14 and a beta of 2.23. The stock has a fifty day moving average price of $228.07 and a 200 day moving average price of $158.15. Reddit Inc. has a 12-month low of $69.30 and a 12-month high of $282.95.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on RDDT. Citigroup reaffirmed an “outperform” rating on shares of Reddit in a research note on Thursday, September 18th. Cannonball Research reaffirmed a “buy” rating on shares of Reddit in a research note on Tuesday, September 23rd. Sanford C. Bernstein lifted their price objective on Reddit from $130.00 to $150.00 and gave the company a “market perform” rating in a research note on Tuesday, July 22nd. Argus began coverage on Reddit in a report on Monday, August 18th. They issued a “buy” rating and a $250.00 target price for the company. Finally, Wells Fargo & Company lifted their target price on Reddit from $155.00 to $174.00 and gave the company a “cautious” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Reddit presently has an average rating of “Moderate Buy” and a consensus target price of $203.92.

About Reddit

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.