Kestra Private Wealth Services LLC Acquires 3,083 Shares of Reddit Inc. $RDDT

Kestra Private Wealth Services LLC lifted its holdings in shares of Reddit Inc. (NYSE:RDDT) by 265.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,245 shares of the company’s stock after buying an additional 3,083 shares during the period. Kestra Private Wealth Services LLC’s holdings in Reddit were worth $976,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RDDT. Raiffeisen Bank International AG acquired a new position in Reddit during the third quarter valued at approximately $25,000. GW&K Investment Management LLC bought a new position in Reddit in the third quarter valued at approximately $30,000. Cornerstone Planning Group LLC increased its position in shares of Reddit by 13,500.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 136 shares of the company’s stock worth $31,000 after purchasing an additional 135 shares during the last quarter. LOM Asset Management Ltd bought a new stake in shares of Reddit during the 4th quarter worth approximately $33,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Reddit during the 4th quarter worth approximately $34,000.

Key Stories Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Q1 earnings and revenue beat — Reddit reported EPS of $1.01 (vs. ~$0.62 est.) and revenue of about $663M, a ~69% year?over?year jump; ad revenue rose sharply, underscoring improving monetization. Zacks: Reddit Q1 Earnings Beat
• Positive Sentiment: Upbeat near-term guidance — management gave Q2 revenue guidance (~$715M–$725M) above Street expectations, signaling continued ad demand momentum. Reuters: Reddit expects revenue above estimates
• Positive Sentiment: AI-driven ad products & search improvements gaining traction — exec commentary and coverage point to rising advertiser adoption of lower?funnel, AI-enhanced ad tools and a ~30% YoY increase in weekly search usage, both supporting higher yield per user. Reuters: AI-driven ad growth fuels outlook TechCrunch: People are finally using Reddit’s search
• Positive Sentiment: Analyst support — several firms reaffirmed or raised targets (e.g., Piper Sandler raised its PT to $215; Needham reaffirmed buy with $300 PT; DA Davidson reaffirmed buy at $200), adding buy?side validation. TickerReport / coverage on Piper Sandler
• Neutral Sentiment: Unusual options activity — traders purchased ~80,316 call options (about +88% vs. typical daily call volume), indicating speculative bullish positioning but not guaranteeing directional follow?through.
• Neutral Sentiment: Cantor Fitzgerald raised its price target (to $180) but left a neutral rating — a mixed signal: higher target but not a bullish rating change. Benzinga: Cantor Fitzgerald update
• Negative Sentiment: Some analyst conflict and target trimming — Citizens Jmp reduced its target from $250 to $240 (still bullish stance), reflecting differing views on longer?term upside and leaving room for skepticism about sustainability. Benzinga: Citizens Jmp update

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Reddit from $149.00 to $176.00 and gave the company an “equal weight” rating in a research note on Friday. Bank of America dropped their price target on shares of Reddit from $205.00 to $175.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Citizens Jmp cut their price target on shares of Reddit from $250.00 to $240.00 and set a “market outperform” rating for the company in a research note on Friday. Evercore reissued an “outperform” rating and issued a $290.00 price objective on shares of Reddit in a research report on Friday, February 6th. Finally, Jefferies Financial Group lowered their price objective on shares of Reddit from $285.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Eighteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, Reddit presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.61.

Insider Activity at Reddit

In related news, Director Sarah E. Farrell acquired 10,500 shares of the business’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $132.26 per share, for a total transaction of $1,388,730.00. Following the completion of the transaction, the director directly owned 61,000 shares of the company’s stock, valued at approximately $8,067,860. The trade was a 20.79% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $158.40, for a total value of $2,851,200.00. Following the sale, the chief executive officer owned 411,195 shares of the company’s stock, valued at approximately $65,133,288. This represents a 4.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders acquired 61,000 shares of company stock worth $8,870,815 and sold 280,441 shares worth $40,873,759. Company insiders own 34.25% of the company’s stock.

Reddit Trading Up 13.1%

RDDT opened at $166.53 on Friday. The stock’s fifty day simple moving average is $144.12 and its 200 day simple moving average is $184.18. Reddit Inc. has a 1-year low of $94.89 and a 1-year high of $282.95. The stock has a market cap of $31.81 billion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 1.21 and a beta of 1.85.

Reddit (NYSE:RDDT) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.39. Reddit had a net margin of 28.60% and a return on equity of 26.78%. The firm had revenue of $663.41 million during the quarter, compared to analysts’ expectations of $607.74 million. During the same period in the previous year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 69.1% compared to the same quarter last year. Equities analysts forecast that Reddit Inc. will post 4.02 earnings per share for the current year.

Reddit Profile

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.