Caitong International Asset Management Co. Ltd Has $1.77 Million Stock Position in Reddit Inc. $RDDT

Caitong International Asset Management Co. Ltd raised its position in Reddit Inc. (NYSE:RDDT) by 166.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,738 shares of the company’s stock after purchasing an additional 7,340 shares during the quarter. Reddit accounts for about 1.3% of Caitong International Asset Management Co. Ltd’s holdings, making the stock its 13th biggest holding. Caitong International Asset Management Co. Ltd’s holdings in Reddit were worth $1,767,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its position in Reddit by 0.9% in the second quarter. Asset Management One Co. Ltd. now owns 26,309 shares of the company’s stock valued at $3,961,000 after purchasing an additional 236 shares during the last quarter. Strategic Blueprint LLC acquired a new stake in Reddit during the second quarter worth approximately $580,000. Forum Financial Management LP acquired a new stake in Reddit during the second quarter worth approximately $411,000. Ethic Inc. acquired a new stake in Reddit in the second quarter valued at approximately $273,000. Finally, Stephens Investment Management Group LLC grew its stake in Reddit by 35.0% in the second quarter. Stephens Investment Management Group LLC now owns 330,250 shares of the company’s stock valued at $49,726,000 after acquiring an additional 85,639 shares during the period.

Reddit Stock Performance

Shares of RDDT opened at $200.78 on Friday. The stock’s 50-day simple moving average is $226.05 and its 200 day simple moving average is $165.20. The stock has a market capitalization of $37.58 billion, a price-to-earnings ratio of 182.53, a price-to-earnings-growth ratio of 3.01 and a beta of 2.23. Reddit Inc. has a 52-week low of $77.14 and a 52-week high of $282.95.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on RDDT. Wall Street Zen raised Reddit from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Reddit in a report on Wednesday, October 8th. Wolfe Research upgraded Reddit to an “outperform” rating in a report on Sunday, August 3rd. Citigroup lifted their price target on Reddit from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Reddit in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $217.50.

Insiders Place Their Bets

In other Reddit news, CTO Christopher Brian Slowe sold 28,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $218.94, for a total value of $6,130,320.00. Following the transaction, the chief technology officer directly owned 222,534 shares in the company, valued at $48,721,593.96. This represents a 11.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew Vollero sold 30,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $218.09, for a total value of $6,542,700.00. Following the completion of the transaction, the chief financial officer owned 284,168 shares in the company, valued at $61,974,199.12. This represents a 9.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 366,500 shares of company stock valued at $83,829,951 over the last 90 days. 34.25% of the stock is owned by insiders.

Reddit 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.