Texas Yale Capital Corp. Makes New $279,000 Investment in Reddit Inc. $RDDT

Texas Yale Capital Corp. acquired a new position in Reddit Inc. (NYSE:RDDT) during the second quarter, HoldingsChannel reports. The institutional investor acquired 1,850 shares of the company’s stock, valued at approximately $279,000.

Other hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its position in Reddit by 880.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 94,676 shares of the company’s stock valued at $14,255,000 after acquiring an additional 85,020 shares during the period. Petrus Trust Company LTA purchased a new stake in Reddit in the first quarter worth about $473,000. JPMorgan Chase & Co. increased its stake in shares of Reddit by 98.2% during the first quarter. JPMorgan Chase & Co. now owns 1,907,495 shares of the company’s stock valued at $200,096,000 after purchasing an additional 944,847 shares in the last quarter. Greycroft LP increased its stake in shares of Reddit by 109.1% during the first quarter. Greycroft LP now owns 11,500 shares of the company’s stock valued at $1,206,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Think Investments LP lifted its holdings in shares of Reddit by 10.3% during the first quarter. Think Investments LP now owns 268,000 shares of the company’s stock valued at $28,113,000 after purchasing an additional 25,000 shares during the last quarter.

Analysts Set New Price Targets

RDDT has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and issued a $290.00 price target on shares of Reddit in a research note on Friday, October 3rd. Truist Financial set a $270.00 price objective on Reddit in a research note on Friday, October 31st. Roth Capital set a $210.00 target price on Reddit in a research note on Friday, October 31st. Wells Fargo & Company raised their price target on Reddit from $155.00 to $174.00 and gave the company a “cautious” rating in a report on Tuesday, October 7th. Finally, Citigroup upped their price target on shares of Reddit from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Reddit currently has an average rating of “Moderate Buy” and a consensus target price of $226.33.

Reddit Price Performance

RDDT stock opened at $194.31 on Friday. The stock has a market capitalization of $36.37 billion, a P/E ratio of 111.67, a P/E/G ratio of 2.14 and a beta of 2.14. Reddit Inc. has a 1-year low of $79.75 and a 1-year high of $282.95. The business has a fifty day moving average price of $221.17 and a 200-day moving average price of $174.15.

Reddit (NYSE:RDDT) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.50 by $0.30. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The company had revenue of $585.00 million for the quarter, compared to analysts’ expectations of $546.65 million. During the same period last year, the firm posted $0.16 earnings per share. Reddit’s revenue was up 67.9% compared to the same quarter last year. Reddit has set its Q4 2025 guidance at EPS. As a group, analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current year.

Insider Activity

In related news, COO Jennifer L. Wong sold 30,659 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $201.82, for a total transaction of $6,187,599.38. Following the transaction, the chief operating officer owned 1,295,968 shares in the company, valued at $261,552,261.76. This represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Christopher Brian Slowe sold 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $197.10, for a total transaction of $2,759,400.00. Following the completion of the sale, the chief technology officer owned 204,534 shares in the company, valued at $40,313,651.40. This represents a 6.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 420,126 shares of company stock valued at $94,369,614 in the last 90 days. 34.25% of the stock is currently owned by insiders.

About Reddit

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.