Fjarde AP Fonden Fourth Swedish National Pension Fund Buys Shares of 19,500 Reddit Inc. $RDDT

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund has invested approximately $2.05 million in Reddit Inc., purchasing 19,500 shares in the 1st quarter.
• Reddit recently reported a 77.9% increase in revenue year-over-year, posting $499.63 million, significantly surpassing analyst expectations.
• Insider transactions reveal that both the CFO and COO sold shares recently, indicating a decrease in their ownership stakes in the company amidst ongoing stock volatility.

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in Reddit Inc. (NYSE:RDDT - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 19,500 shares of the company's stock, valued at approximately $2,046,000.

A number of other hedge funds have also recently modified their holdings of the stock. Whale Rock Capital Management LLC purchased a new position in Reddit during the 4th quarter worth $204,054,000. Vanguard Group Inc. grew its position in Reddit by 11.1% during the 1st quarter. Vanguard Group Inc. now owns 10,198,552 shares of the company's stock worth $1,069,828,000 after purchasing an additional 1,017,162 shares during the last quarter. Voya Investment Management LLC purchased a new position in Reddit during the 4th quarter worth $157,984,000. JPMorgan Chase & Co. grew its position in Reddit by 98.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,907,495 shares of the company's stock worth $200,096,000 after purchasing an additional 944,847 shares during the last quarter. Finally, Cresset Asset Management LLC grew its position in Reddit by 159.6% during the 4th quarter. Cresset Asset Management LLC now owns 1,308,797 shares of the company's stock worth $213,910,000 after purchasing an additional 804,591 shares during the last quarter.

Reddit Stock Down 0.2%

Shares of NYSE RDDT traded down $0.4950 during midday trading on Friday, hitting $218.1550. The company had a trading volume of 5,993,728 shares, compared to its average volume of 7,896,051. Reddit Inc. has a twelve month low of $55.02 and a twelve month high of $253.14. The business has a 50-day simple moving average of $167.83 and a two-hundred day simple moving average of $142.16. The firm has a market capitalization of $40.83 billion, a price-to-earnings ratio of 197.88, a price-to-earnings-growth ratio of 3.46 and a beta of 2.30.

Reddit (NYSE:RDDT - Get Free Report) last announced its earnings results 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 company had revenue of $499.63 million during the quarter, compared to analysts' expectations of $424.07 million. Reddit had a net margin of 12.97% and a return on equity of 9.93%. The firm's quarterly revenue was up 77.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) earnings per share. Reddit has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Reddit Inc. will post 1.12 EPS for the current year.

Insider Buying and Selling at Reddit

In other Reddit news, CEO Steve Ladd Huffman sold 14,000 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $244.70, for a total transaction of $3,425,800.00. Following the completion of the sale, the chief executive officer directly owned 531,485 shares in the company, valued at $130,054,379.50. The trade was a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jennifer L. Wong sold 32,379 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $242.05, for a total transaction of $7,837,336.95. Following the completion of the sale, the chief operating officer directly owned 1,395,628 shares in the company, valued at $337,811,757.40. This represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 363,364 shares of company stock valued at $53,557,742 in the last ninety days. Corporate insiders own 34.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Roth Capital raised their price objective on shares of Reddit from $130.00 to $145.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Royal Bank Of Canada restated a "sector perform" rating and issued a $210.00 target price on shares of Reddit in a research note on Friday. Guggenheim raised their target price on shares of Reddit from $165.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. JMP Securities raised their target price on shares of Reddit from $180.00 to $225.00 and gave the stock a "market outperform" rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Reddit from $145.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $175.38.

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.