Teacher Retirement System of Texas Has $37.97 Million Stock Holdings in Reddit Inc. $RDDT

Teacher Retirement System of Texas lifted its holdings in Reddit Inc. (NYSE:RDDT) by 74.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,103 shares of the company’s stock after buying an additional 70,427 shares during the quarter. Teacher Retirement System of Texas’ holdings in Reddit were worth $37,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Financial Perspectives Inc acquired a new stake in Reddit in the 2nd quarter valued at about $34,000. Geneos Wealth Management Inc. lifted its position in shares of Reddit by 344.6% during the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock worth $39,000 after purchasing an additional 286 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Reddit by 8,650.0% during the third quarter. GAMMA Investing LLC now owns 175 shares of the company’s stock worth $40,000 after purchasing an additional 173 shares in the last quarter. Covestor Ltd grew its stake in shares of Reddit by 138.5% during the third quarter. Covestor Ltd now owns 217 shares of the company’s stock valued at $50,000 after purchasing an additional 126 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Reddit by 68.2% during the second quarter. Advisors Asset Management Inc. now owns 365 shares of the company’s stock valued at $55,000 after purchasing an additional 148 shares during the last quarter.

Reddit Stock Up 1.8%

NYSE:RDDT opened at $218.47 on Friday. Reddit Inc. has a 12-month low of $79.75 and a 12-month high of $282.95. The firm has a market capitalization of $41.40 billion, a P/E ratio of 125.56, a P/E/G ratio of 1.46 and a beta of 2.17. The stock’s fifty day simple moving average is $225.46 and its 200-day simple moving average is $212.54.

Reddit (NYSE:RDDT) last released its quarterly earnings data 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 return on equity of 14.94% and a net margin of 18.33%.The business had revenue of $584.91 million during the quarter, compared to the consensus estimate of $546.65 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm’s revenue was up 67.9% on a year-over-year basis. As a group, equities research analysts expect that Reddit Inc. will post 1.12 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Christopher Brian Slowe sold 14,000 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $253.88, for a total value of $3,554,320.00. Following the sale, the chief technology officer directly owned 169,694 shares in the company, valued at $43,081,912.72. This trade represents a 7.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of Reddit stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $232.78, for a total transaction of $4,190,040.00. Following the transaction, the chief executive officer directly owned 448,576 shares in the company, valued at $104,419,521.28. The trade was a 3.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 509,511 shares of company stock worth $111,394,344 over the last quarter. Insiders own 34.25% of the company’s stock.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Guggenheim reaffirmed a “buy” and set a $245 price target, implying meaningful upside from current levels and providing concrete analyst support for the rally. Guggenheim Buy Rating / Benzinga
• Positive Sentiment: A bullish Seeking Alpha note draws parallels between Reddit’s current monetization and early-2012 Facebook, projecting large upside if user and ARPU trends persist — a narrative that fuels long-term growth expectations. Reddit: Parallels To 2012 Facebook
• Positive Sentiment: High-visibility endorsements — notably Jim Cramer saying he “likes the company right here” and articles highlighting reasons investors favor Reddit — are lifting sentiment among retail investors. Jim Cramer Likes Reddit
• Neutral Sentiment: Analyst commentary is shifting: some pieces describe a rewriting of the price-target narrative as new estimates and multipliers are debated — this limits volatility but keeps the stock sensitive to upgrades/downgrades. Shifting Price Target Narrative / Yahoo Finance
• Neutral Sentiment: Valuation checks after recent share swings highlight high P/E and expected EPS growth; these analyses frame upside scenarios but also underline sensitivity to execution and ARPU trajectory. Valuation Check / Yahoo Finance
• Negative Sentiment: Insider selling by COO Jennifer L. Wong (multiple filings showing sizable share disposals) has weighed on sentiment and was cited as a driver of earlier price weakness; investors watch whether sales continue. COO Insider Sale / SEC Filing
• Negative Sentiment: Coverage noting a pullback tied to insider selling (reported ~4.4% drop) underscores short-term downside risk if sentiment flips or if growth guidance disappoints. Stock Down on Insider Selling / American Banking News
• Negative Sentiment: Critical analysis warns Reddit must grow at Meta-like scale to justify rich multiples and notes tougher competitive/monetization challenges, keeping execution risk top of mind for investors. Growth Challenges / Seeking Alpha

Analyst Ratings Changes

RDDT has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Reddit from $190.00 to $227.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Royal Bank Of Canada reissued a “sector perform” rating on shares of Reddit in a research note on Wednesday, October 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Reddit in a research report on Monday, December 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $236.00 price target on shares of Reddit in a research note on Tuesday, October 14th. Finally, Wall Street Zen lowered Reddit from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Reddit has a consensus rating of “Moderate Buy” and a consensus price target of $245.18.

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.