Lansforsakringar Fondforvaltning AB publ Increases Holdings in Reddit Inc. $RDDT

Lansforsakringar Fondforvaltning AB publ increased its position in shares of Reddit Inc. (NYSE:RDDT) by 11.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,728 shares of the company’s stock after purchasing an additional 3,690 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Reddit were worth $4,945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital World Investors acquired a new stake in Reddit during the 4th quarter valued at approximately $1,293,258,000. Norges Bank acquired a new stake in shares of Reddit in the fourth quarter worth $372,047,000. Invesco Ltd. lifted its position in Reddit by 419.0% during the third quarter. Invesco Ltd. now owns 1,487,941 shares of the company’s stock valued at $342,212,000 after purchasing an additional 1,201,237 shares during the period. State Street Corp lifted its position in Reddit by 138.5% during the second quarter. State Street Corp now owns 2,030,139 shares of the company’s stock valued at $305,678,000 after purchasing an additional 1,178,890 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Reddit by 8.9% in the fourth quarter. Vanguard Group Inc. now owns 13,322,048 shares of the company’s stock valued at $3,062,339,000 after purchasing an additional 1,083,540 shares during the last quarter.

Reddit Stock Performance

Shares of Reddit stock opened at $194.57 on Friday. The firm has a 50-day simple moving average of $164.32 and a two-hundred day simple moving average of $171.75. The company has a market cap of $37.46 billion, a P/E ratio of 55.59 and a beta of 1.93. Reddit Inc. has a fifty-two week low of $119.27 and a fifty-two week high of $282.95.

Reddit (NYSE:RDDT) last posted its earnings results on Thursday, April 30th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.39. Reddit had a net margin of 28.60% and a return on equity of 25.48%. The business had revenue of $663.41 million for the quarter, compared to analyst estimates of $607.74 million. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue for the quarter was up 69.1% on a year-over-year basis. Equities research analysts forecast that Reddit Inc. will post 4.83 EPS for the current year.

Analyst Upgrades and Downgrades

RDDT has been the topic of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $215.00 price target (up from $205.00) on shares of Reddit in a research report on Friday, May 1st. Bank of America decreased their price objective on Reddit from $205.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Zacks Research lowered Reddit from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Raymond James Financial set a $180.00 target price on Reddit and gave the stock a “market perform” rating in a report on Friday, May 1st. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 price target on shares of Reddit in a report on Friday, May 1st. Eighteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Reddit currently has an average rating of “Moderate Buy” and an average target price of $230.75.

Insider Activity

In related news, CTO Christopher Brian Slowe sold 15,500 shares of Reddit stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $150.67, for a total value of $2,335,385.00. Following the sale, the chief technology officer owned 38,413 shares of the company’s stock, valued at approximately $5,787,686.71. This trade represents a 28.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Steve Ladd Huffman sold 18,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $173.13, for a total transaction of $3,116,340.00. Following the completion of the sale, the chief executive officer directly owned 373,814 shares of the company’s stock, valued at approximately $64,718,417.82. The trade was a 4.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 241,000 shares of company stock worth $40,030,125 over the last three months. 28.48% of the stock is currently owned by corporate insiders.

Reddit News Roundup

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Options activity jumped as traders bought far more Reddit call options than usual, suggesting rising bullish sentiment and expectations for further upside. Why is Reddit (RDDT) stock soaring today
• Positive Sentiment: Analysts and market commentary highlighted Reddit’s stronger engagement, international expansion, and new ad tools, reinforcing the company’s long-term growth narrative despite recent volatility. Reddit Stock Falls 28.2% in 6 Months: Should You Buy the Dip?
• Neutral Sentiment: Reddit’s CEO sold 18,000 shares under a pre-arranged 10b5-1 plan. While the sale is worth watching, the transaction was disclosed as part of a scheduled trading program and does not necessarily signal a change in business outlook. SEC filing
• Neutral Sentiment: Some of Thursday’s weakness appears to be simple profit-taking after a 12.5% surge tied to optimism about Reddit’s AI data-licensing opportunities. Why Is Reddit Stock Pulling Back on Thursday?

Reddit Company 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.