Reddit Inc. $RDDT Shares Bought by Amundi

Key Points

• Amundi increased its Reddit stake by 21.2% in the second quarter, bringing its holdings to 272,267 shares valued at approximately $47.3 million. Other major institutions, including California State Teachers Retirement System and State Street, also expanded their positions.
• Reddit reported strong operating momentum, with quarterly revenue up 61% year over year to $804.9 million and EPS of $1.25, beating estimates. Improving user growth, advertising trends and AI-driven monetization are supporting the bullish outlook.
• RDDT shares traded around $155.37, while analysts maintained a “Moderate Buy” consensus and an average price target of $221.10. However, elevated valuation, recent insider selling and the stock’s high volatility remain key risks.

Amundi increased its holdings in Reddit Inc. (NYSE:RDDT - Free Report) by 21.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,267 shares of the company's stock after purchasing an additional 47,666 shares during the quarter. Amundi owned 0.14% of Reddit worth $47,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in shares of Reddit by 19,702.8% in the second quarter. California State Teachers Retirement System now owns 30,076,727 shares of the company's stock valued at $5,220,718,000 after buying an additional 29,924,846 shares in the last quarter. Capital World Investors acquired a new position in shares of Reddit in the 4th quarter valued at $1,293,258,000. Norges Bank acquired a new position in shares of Reddit in the 4th quarter valued at $372,047,000. Invesco Ltd. increased its stake in Reddit by 419.0% in the 3rd quarter. Invesco Ltd. now owns 1,487,941 shares of the company's stock worth $342,212,000 after purchasing an additional 1,201,237 shares in the last quarter. Finally, State Street Corp increased its stake in Reddit by 138.5% in the 2nd quarter. State Street Corp now owns 2,030,139 shares of the company's stock worth $305,678,000 after purchasing an additional 1,178,890 shares in the last quarter.

Key Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: User growth accelerated: Piper Sandler estimates Reddit’s average users increased 8% month over month in August, the strongest monthly gain so far in 2026. The data helped end a four-session decline and renewed investor confidence in Reddit’s audience expansion. Reddit stock rises as August user growth hits 2026 high
• Positive Sentiment: Advertising indicators improved: Reports highlighted better global audience trends, stronger ad demand and signs that Reddit is gaining momentum with advertisers. Improving engagement and monetization could support revenue growth and operating leverage. RDDT Stock Climbs as Global Audience and Ad Trends Show Improvement
• Positive Sentiment: AI initiatives are viewed as a growth catalyst: Reddit’s use of AI to improve ad automation, advertiser adoption and campaign performance—including its Max campaigns—could accelerate monetization. The company’s reported 61% year-over-year revenue growth and rising average revenue per user reinforce the bullish case. Reddit Leans Into AI: Can Innovation Accelerate Revenue Growth?
• Positive Sentiment: Analyst sentiment remains favorable: Piper Sandler described the user-growth data as a powerful signal, while another analysis rated Reddit a “Buy,” citing its differentiated content, strong balance sheet, limited capital-expenditure needs and improving profitability and cash generation. Piper Sandler Spots Powerful Growth Signal for Reddit
• Neutral Sentiment: Reddit was among the stocks receiving heavy investor attention, but the coverage offered limited new fundamental information beyond the user-growth and monetization themes. Investors Heavily Search Reddit
• Negative Sentiment: Valuation remains a risk: Reddit and other premium-multiple social-media stocks had recently pulled back amid concerns that elevated expectations could unwind, potentially increasing volatility even as fundamentals improve. Pinterest Tumbles, Reddit and Snap Pull Back

Reddit Trading Up 6.1%

Shares of Reddit stock opened at $155.37 on Friday. Reddit Inc. has a 1 year low of $119.27 and a 1 year high of $282.95. The company has a market cap of $29.89 billion, a P/E ratio of 36.13, a P/E/G ratio of 0.68 and a beta of 2.02. The stock has a 50-day moving average price of $167.89 and a 200 day moving average price of $159.09.

Reddit (NYSE:RDDT - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.30. The company had revenue of $804.91 million for the quarter, compared to analysts' expectations of $731.00 million. Reddit had a return on equity of 29.02% and a net margin of 31.35%.The business's revenue for the quarter was up 61.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. On average, equities analysts forecast that Reddit Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Activity at Reddit

In related news, CAO Michelle Reynolds sold 808 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $200.00, for a total transaction of $161,600.00. Following the completion of the sale, the chief accounting officer directly owned 15,060 shares in the company, valued at approximately $3,012,000. This trade represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert Sauerberg sold 5,128 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $159.92, for a total transaction of $820,069.76. Following the transaction, the director directly owned 27,087 shares in the company, valued at $4,331,753.04. The trade was a 15.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 210,102 shares of company stock valued at $36,375,252. 28.48% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RDDT shares. Piper Sandler restated an "overweight" rating and set a $195.00 price objective (down from $215.00) on shares of Reddit in a report on Friday, July 31st. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 target price on shares of Reddit in a report on Wednesday, June 24th. Citigroup reissued a "market outperform" rating on shares of Reddit in a research report on Monday, August 24th. Wedbush cut their price target on shares of Reddit from $250.00 to $221.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Finally, Loop Capital restated a "buy" rating and issued a $260.00 price target on shares of Reddit in a research report on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $221.10.

About Reddit

Reddit, Inc operates a global online platform where users participate in communities organized around shared interests, topics and discussions. Users can submit posts, links, images and videos, while community members can comment, vote and interact through publicly accessible forums known as subreddits.

The company generates revenue primarily through digital advertising and also offers premium memberships and other paid products. Reddit additionally provides data licensing and developer-related services that support the use of its platform content and technology.

Founded in 2005 by Steve Huffman, Alexis Ohanian and Aaron Swartz, Reddit serves users worldwide across a broad range of communities.

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