Aberdeen Group plc Buys New Position in Reddit Inc. $RDDT

Aberdeen Group plc bought a new stake in Reddit Inc. (NYSE:RDDT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,472 shares of the company’s stock, valued at approximately $222,000.

Other large investors have also recently bought and sold shares of the company. Petrus Trust Company LTA bought a new stake in shares of Reddit in the first quarter worth $473,000. JPMorgan Chase & Co. increased its stake in Reddit by 98.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,907,495 shares of the company’s stock valued at $200,096,000 after buying an additional 944,847 shares during the last quarter. Greycroft LP lifted its position in Reddit by 109.1% during the 1st quarter. Greycroft LP now owns 11,500 shares of the company’s stock worth $1,206,000 after buying an additional 6,000 shares in the last quarter. Think Investments LP lifted its position in Reddit by 10.3% during the 1st quarter. Think Investments LP now owns 268,000 shares of the company’s stock worth $28,113,000 after buying an additional 25,000 shares in the last quarter. Finally, Sender Co & Partners Inc. acquired a new position in shares of Reddit during the 1st quarter worth about $1,367,000.

Analyst Ratings Changes

A number of research firms recently issued reports on RDDT. Wells Fargo & Company lifted their target price on Reddit from $155.00 to $174.00 and gave the company a “cautious” rating in a research report on Tuesday, October 7th. Jefferies Financial Group boosted their price target on Reddit from $230.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Citigroup reiterated an “outperform” rating on shares of Reddit in a research note on Thursday, September 18th. Sanford C. Bernstein increased their price objective on Reddit from $130.00 to $150.00 and gave the company a “market perform” rating in a report on Tuesday, July 22nd. Finally, Zacks Research downgraded shares of Reddit from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $209.50.

Reddit Trading Down 2.0%

Shares of NYSE RDDT opened at $195.00 on Friday. The company has a market capitalization of $36.50 billion, a P/E ratio of 177.27, a P/E/G ratio of 2.98 and a beta of 2.23. Reddit Inc. has a 12 month low of $76.42 and a 12 month high of $282.95. The stock has a 50 day moving average of $228.39 and a 200-day moving average of $162.67.

Reddit (NYSE:RDDT) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.25. Reddit had a return on equity of 9.93% and a net margin of 12.97%.The business had revenue of $499.63 million for the quarter, compared to analysts’ expectations of $424.07 million. During the same quarter in the prior year, the business earned ($0.06) EPS. The firm’s revenue for the quarter was up 77.9% on a year-over-year basis. Reddit has set its Q3 2025 guidance at EPS. Analysts predict that Reddit Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity at Reddit

In other Reddit 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 transaction, the chief operating officer directly owned 120,033 shares of the company’s stock, valued at $26,452,872.54. This represents a 25.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Christopher Brian Slowe sold 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $218.94, for a total transaction of $6,130,320.00. Following the sale, the chief technology officer owned 222,534 shares of the company’s stock, valued at $48,721,593.96. This trade represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 382,500 shares of company stock valued at $86,159,231 over the last three months. Company insiders own 34.25% of the company’s stock.

Reddit Company Profile

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.