Mn Services Vermogensbeheer B.V. Invests $3.90 Million in Reddit Inc. $RDDT

Key Points

• Mn Services Vermogensbeheer B.V. has acquired a stake in Reddit Inc. (NYSE:RDDT) during the second quarter, purchasing 25,900 shares valued at approximately $3,900,000.
• Several large investors have also increased their holdings in Reddit, reflecting rising interest and confidence in the company's stock.
• Reddit recently reported earnings that surpassed analyst expectations, with a 77.9% year-over-year revenue increase, further enhancing its market position.

Mn Services Vermogensbeheer B.V. purchased a new stake in Reddit Inc. (NYSE:RDDT - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 25,900 shares of the company's stock, valued at approximately $3,900,000.

A number of other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Reddit by 166.1% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,657 shares of the company's stock valued at $2,508,000 after purchasing an additional 10,397 shares during the period. Signal Advisors Wealth LLC acquired a new position in Reddit during the 2nd quarter valued at approximately $1,629,000. Focus Financial Network Inc. boosted its position in Reddit by 484.0% during the 2nd quarter. Focus Financial Network Inc. now owns 43,639 shares of the company's stock valued at $6,571,000 after purchasing an additional 36,166 shares during the period. New England Research & Management Inc. acquired a new position in Reddit during the 2nd quarter worth $218,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in Reddit by 1,414.2% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,571 shares of the company's stock worth $1,140,000 after acquiring an additional 7,071 shares during the period.

Reddit Stock Performance

Shares of RDDT traded down $16.78 during trading hours on Tuesday, hitting $240.78. 4,476,293 shares of the company were exchanged, compared to its average volume of 7,638,611. The company has a market cap of $45.06 billion, a PE ratio of 219.40, a PEG ratio of 4.16 and a beta of 2.38. The firm's 50 day moving average is $210.50 and its 200-day moving average is $150.13. Reddit Inc. has a 52 week low of $63.60 and a 52 week high of $282.95.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RDDT shares. The Goldman Sachs Group reiterated a "neutral" rating and set a $212.00 price target on shares of Reddit in a research report on Friday, August 1st. Bank of America upped their price objective on Reddit from $130.00 to $150.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Jefferies Financial Group upped their price objective on Reddit from $230.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Wall Street Zen upgraded Reddit from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. Finally, Argus assumed coverage on Reddit in a research report on Monday, August 18th. They set a "buy" rating and a $250.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $197.88.

Insider Activity

In other Reddit news, CEO Steve Ladd Huffman sold 18,000 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $261.22, for a total value of $4,701,960.00. Following the completion of the transaction, the chief executive officer owned 494,104 shares of the company's stock, valued at $129,069,846.88. This represents a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Andrew Vollero sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 directly owned 284,168 shares of the company's stock, valued at approximately $61,974,199.12. This trade represents a 9.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 344,126 shares of company stock worth $71,345,839 over the last 90 days. Company insiders own 34.25% of the company's stock.

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.