Integrated Wealth Concepts LLC Has $841,000 Stock Holdings in Reddit Inc. $RDDT

Key Points

• Integrated Wealth Concepts LLC reduced its stake in Reddit Inc. by 52.9% in Q1, holding 8,016 shares valued at $841,000 after selling 8,990 shares during the quarter.
• Insider trading activity includes CEO Steve Ladd Huffman selling 124,409 shares for over $15 million, reducing his ownership by 18.55%.
• Analyst ratings for Reddit vary, with prior upgrades setting price targets between $145.00 and $250.00, indicating a consensus rating of "Moderate Buy."

Integrated Wealth Concepts LLC cut its holdings in Reddit Inc. (NYSE:RDDT - Free Report) by 52.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,016 shares of the company's stock after selling 8,990 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Reddit were worth $841,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in Reddit by 100.0% in the first quarter. CWM LLC now owns 256 shares of the company's stock valued at $27,000 after acquiring an additional 128 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of Reddit in the fourth quarter worth $49,000. Chelsea Counsel Co. acquired a new stake in shares of Reddit in the fourth quarter worth $49,000. Stone House Investment Management LLC acquired a new stake in shares of Reddit in the first quarter worth $31,000. Finally, CoreCap Advisors LLC lifted its stake in shares of Reddit by 3,500.0% in the fourth quarter. CoreCap Advisors LLC now owns 360 shares of the company's stock worth $59,000 after buying an additional 350 shares during the last quarter.

Insider Buying and Selling at Reddit

In other news, CEO Steve Ladd Huffman sold 124,409 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $124.45, for a total value of $15,482,700.05. Following the completion of the transaction, the chief executive officer owned 546,133 shares in the company, valued at approximately $67,966,251.85. This represents a 18.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Christopher Brian Slowe sold 28,000 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $218.94, for a total transaction of $6,130,320.00. Following the completion of the transaction, the chief technology officer owned 222,534 shares of the company's stock, valued at approximately $48,721,593.96. This represents a 11.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 500,777 shares of company stock worth $88,572,016. Corporate insiders own 34.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RDDT. The Goldman Sachs Group restated a "neutral" rating and issued a $212.00 price objective on shares of Reddit in a research note on Friday, August 1st. JMP Securities boosted their price objective 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. Roth Capital boosted their price objective on shares of Reddit from $130.00 to $145.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Guggenheim boosted their price objective 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. Finally, Argus began coverage on shares of Reddit in a research note on Monday, August 18th. They issued a "buy" rating and a $250.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $180.58.

Reddit Price Performance

NYSE:RDDT opened at $260.40 on Friday. The stock has a market cap of $48.74 billion, a P/E ratio of 236.73, a PEG ratio of 4.11 and a beta of 2.40. Reddit Inc. has a one year low of $57.22 and a one year high of $266.64. The company has a fifty day moving average price of $194.36 and a 200 day moving average price of $145.16.

Reddit (NYSE:RDDT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.25. Reddit had a net margin of 12.97% and a return on equity of 9.93%. The firm had revenue of $499.63 million for the quarter, compared to the consensus estimate of $424.07 million. During the same quarter in the previous year, the company earned ($0.06) earnings per share. The business's revenue was up 77.9% compared to the same quarter last year. Reddit has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Reddit Inc. will post 1.12 EPS for the current year.

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.

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