Reddit Inc. $RDDT Stock Holdings Increased by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI raised its stake in Reddit Inc. (NYSE:RDDT) by 23.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 151,066 shares of the company’s stock after buying an additional 28,490 shares during the quarter. Reddit accounts for about 1.8% of Fishman Jay A Ltd. MI’s holdings, making the stock its 15th biggest position. Fishman Jay A Ltd. MI’s holdings in Reddit were worth $20,341,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RDDT. West Tower Group LLC grew its holdings in shares of Reddit by 1.2% during the 1st quarter. West Tower Group LLC now owns 8,700 shares of the company’s stock valued at $1,171,000 after acquiring an additional 100 shares in the last quarter. United Asset Strategies Inc. raised its holdings in shares of Reddit by 3.7% during the first quarter. United Asset Strategies Inc. now owns 3,559 shares of the company’s stock worth $479,000 after acquiring an additional 126 shares in the last quarter. Meridian Investment Counsel Inc. raised its holdings in shares of Reddit by 25.1% during the first quarter. Meridian Investment Counsel Inc. now owns 5,242 shares of the company’s stock worth $706,000 after acquiring an additional 1,052 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in Reddit during the first quarter valued at $30,000. Finally, Stephens Inc. AR grew its stake in Reddit by 10.6% in the first quarter. Stephens Inc. AR now owns 1,843 shares of the company’s stock valued at $248,000 after purchasing an additional 176 shares in the last quarter.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Wells Fargo raised its price target on Reddit to $187 from $176, reinforcing a constructive view on the stock and helping support bullish momentum after a recent rally. Wells Fargo raises target on Reddit
• Positive Sentiment: Reddit is expanding its AI licensing business, which investors may view as an additional revenue stream tied to demand for its content in the AI ecosystem. Reddit expands AI licensing
• Positive Sentiment: The company is accelerating AI safety and anti-spam efforts, including stronger bot detection and human verification, which could improve user trust and protect the quality of Reddit conversations. Reddit AI safety drive accelerates
• Neutral Sentiment: Coverage on Reddit’s recent rally highlights technical strength and potential upside levels, but it is mostly a trading-focused read rather than a new fundamental catalyst. Options Corner video on RDDT
• Neutral Sentiment: Insider selling by the company’s CAO was disclosed, but the transaction was small and occurred under a pre-arranged 10b5-1 plan, making it less likely to signal a major change in outlook. Reddit CAO sells stock
• Negative Sentiment: Despite the higher target, Wells Fargo still rates Reddit “equal weight,” implying the stock may be close to fairly valued rather than dramatically undervalued at current levels. Wells Fargo equal weight rating on Reddit

Reddit Price Performance

RDDT opened at $199.32 on Wednesday. The company has a market capitalization of $38.37 billion, a P/E ratio of 56.95 and a beta of 1.93. The firm’s fifty day moving average price is $166.78 and its two-hundred day moving average price is $171.23. Reddit Inc. has a fifty-two week low of $119.27 and a fifty-two week high of $282.95.

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

Insider Buying and Selling at Reddit

In other Reddit news, COO Jennifer L. Wong sold 39,167 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $161.47, for a total transaction of $6,324,295.49. Following the sale, the chief operating officer directly owned 1,088,451 shares of the company’s stock, valued at approximately $175,752,182.97. This represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $157.15, for a total value of $2,828,700.00. Following the sale, the chief executive officer owned 411,195 shares in the company, valued at approximately $64,619,294.25. This trade represents a 4.19% decrease in their ownership of the stock. 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 have sold a total of 226,308 shares of company stock worth $37,856,340 over the last ninety days. Corporate insiders own 28.48% of the company’s stock.

Wall Street Analyst Weigh In

RDDT has been the subject of a number of recent research reports. Rothschild & Co Redburn set a $110.00 price target on Reddit in a research note on Monday, April 27th. Oppenheimer restated an “outperform” rating and set a $225.00 target price on shares of Reddit in a report on Friday, May 1st. Raymond James Financial set a $180.00 price target on shares of Reddit and gave the company a “market perform” rating in a research report on Friday, May 1st. Truist Financial set a $265.00 price target on Reddit in a research report on Friday, May 1st. Finally, Citizens Jmp dropped their price objective on Reddit from $250.00 to $240.00 and set a “market outperform” rating on the stock in a research note on Friday, May 1st. Eighteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, Reddit presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.14.

About Reddit

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.