Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 1,100 Shares of Reddit Inc. $RDDT

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Reddit Inc. (NYSE:RDDT) by 5.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 20,600 shares of the company’s stock after buying an additional 1,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Reddit were worth $3,102,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its holdings in Reddit by 880.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 94,676 shares of the company’s stock worth $14,255,000 after buying an additional 85,020 shares during the period. Petrus Trust Company LTA bought a new position in Reddit in the 1st quarter worth $473,000. JPMorgan Chase & Co. boosted its holdings in Reddit by 98.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,907,495 shares of the company’s stock worth $200,096,000 after buying an additional 944,847 shares during the period. Greycroft LP boosted its holdings in shares of Reddit by 109.1% during the 1st quarter. Greycroft LP now owns 11,500 shares of the company’s stock valued at $1,206,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Think Investments LP boosted its holdings in shares of Reddit by 10.3% during the 1st quarter. Think Investments LP now owns 268,000 shares of the company’s stock valued at $28,113,000 after purchasing an additional 25,000 shares during the last quarter.

Reddit Trading Down 7.4%

Shares of NYSE:RDDT opened at $195.27 on Friday. Reddit Inc. has a 12 month low of $79.75 and a 12 month high of $282.95. The company has a 50-day moving average price of $224.05 and a 200 day moving average price of $169.49. The company has a market cap of $36.55 billion, a price-to-earnings ratio of 177.52, a PEG ratio of 3.22 and a beta of 2.23.

Reddit (NYSE:RDDT) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.30. Reddit had a net margin of 12.97% and a return on equity of 9.93%. The firm had revenue of $585.00 million during the quarter, compared to the consensus estimate of $546.65 million. During the same quarter last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 67.9% compared to the same quarter last year. Reddit has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Reddit Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RDDT shares. Roth Capital set a $185.00 price objective on Reddit and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Truist Financial raised their price objective on Reddit from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Wall Street Zen upgraded Reddit from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. JMP Securities restated a “market outperform” rating and set a $300.00 price objective on shares of Reddit in a research report on Friday, October 3rd. Finally, Morgan Stanley raised their price objective on Reddit from $170.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $217.50.

Insider Buying and Selling at Reddit

In related news, COO Jennifer L. Wong sold 40,967 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $220.38, for a total value of $9,028,307.46. Following the completion of the transaction, the chief operating officer owned 120,033 shares of the company’s stock, valued at approximately $26,452,872.54. This trade represents a 25.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew Vollero sold 30,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $218.09, for a total transaction of $6,542,700.00. Following the completion of the transaction, the chief financial officer directly owned 284,168 shares of the company’s stock, valued at approximately $61,974,199.12. The trade was a 9.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 419,626 shares of company stock worth $94,485,676 in the last 90 days. 34.25% of the stock is currently owned by insiders.

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.