Reddit Inc. $RDDT Stake Raised by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB significantly increased its stake in Reddit Inc. by **21,703%**, owning **1,060,935 shares** valued at approximately **$164 million** after acquiring an additional **1,056,069 shares**.
• Reddit's latest quarterly earnings showed an EPS of **$0.45**, surpassing analysts' expectations of **$0.20**, with revenue up **77.9%** year-over-year to **$499.63 million**.
• Shares of Reddit currently have a **market cap of $36.50 billion** and are trading at **$195.00**, with recent analyst upgrades increasing price targets, reflecting a generally positive outlook on the stock.

Nordea Investment Management AB increased its holdings in Reddit Inc. (NYSE:RDDT - Free Report) by 21,703.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,060,935 shares of the company's stock after acquiring an additional 1,056,069 shares during the period. Nordea Investment Management AB owned about 0.57% of Reddit worth $164,021,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RDDT. Farther Finance Advisors LLC lifted its stake in Reddit by 152.0% in the 1st quarter. Farther Finance Advisors LLC now owns 620 shares of the company's stock worth $68,000 after acquiring an additional 374 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Reddit by 4.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,183 shares of the company's stock worth $963,000 after acquiring an additional 397 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Reddit in the 1st quarter worth about $739,000. QRG Capital Management Inc. purchased a new stake in Reddit in the 1st quarter worth about $368,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Reddit by 20.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,502 shares of the company's stock worth $472,000 after acquiring an additional 778 shares in the last quarter.

Reddit Stock Performance

Shares of RDDT stock opened at $195.00 on Friday. The stock's 50 day simple moving average is $228.39 and its 200 day simple moving average is $162.31. Reddit Inc. has a twelve month low of $76.42 and a twelve month high of $282.95. The company has a market capitalization of $36.50 billion, a price-to-earnings ratio of 177.27, a PEG ratio of 3.04 and a beta of 2.23.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RDDT shares. Wall Street Zen raised Reddit from a "hold" rating to a "buy" rating in a research note on Sunday, September 7th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $225.00 price target (up from $175.00) on shares of Reddit in a research note on Friday, August 1st. JPMorgan Chase & Co. raised their price target on Reddit from $145.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Reddit in a research note on Wednesday, October 1st. Finally, Roth Capital raised their price target on Reddit from $130.00 to $145.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $209.50.

Insider Buying and Selling

In related news, CFO Andrew Vollero sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $218.09, for a total value of $6,542,700.00. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Christopher Brian Slowe sold 28,000 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $218.94, for a total value of $6,130,320.00. Following the completion of the transaction, the chief technology officer directly owned 222,534 shares in the company, valued at $48,721,593.96. The trade was a 11.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 382,500 shares of company stock valued at $86,159,231 over the last 90 days. 34.25% of the stock is currently owned by insiders.

Reddit Company 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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