Reddit Inc. $RDDT Stock Holdings Lifted by Strs Ohio

Key Points

• Strs Ohio boosted its stake in Reddit by 45% in Q4 to 151,975 shares worth about $34.9 million, while other institutions (notably Vanguard with 12.24M shares) also increased positions, signaling growing institutional interest.
• Q1 beat and strong guidance: Reddit reported EPS of $1.01 vs $0.62 est. and revenue of $663M (+69% YoY), and management guided Q2 revenue to roughly $715M–$725M, citing rising adoption of AI-driven ad products and improved monetization.
• Analysts are mostly constructive (consensus "Moderate Buy" with an average target of $228.61) and insiders have been active—directors bought shares while executives sold under a 10b5‑1 plan, with insiders owning 34.25% of the company.

Strs Ohio increased its position in shares of Reddit Inc. (NYSE:RDDT - Free Report) by 45.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,975 shares of the company's stock after acquiring an additional 47,187 shares during the quarter. Strs Ohio owned 0.08% of Reddit worth $34,934,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Resona Asset Management Co. Ltd. increased its holdings in Reddit by 53.2% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 30,944 shares of the company's stock worth $7,166,000 after purchasing an additional 10,743 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Reddit by 12.9% in the third quarter. Vanguard Group Inc. now owns 12,238,508 shares of the company's stock valued at $2,814,734,000 after purchasing an additional 1,401,293 shares in the last quarter. Optimize Financial Inc acquired a new position in shares of Reddit during the third quarter worth about $1,420,000. WT Asset Management Ltd bought a new position in shares of Reddit during the third quarter worth about $92,973,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Reddit by 95.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,139 shares of the company's stock worth $3,712,000 after buying an additional 7,881 shares in the last quarter.

Key Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Q1 earnings and revenue beat — Reddit reported EPS of $1.01 (vs. ~$0.62 est.) and revenue of about $663M, a ~69% year‑over‑year jump; ad revenue rose sharply, underscoring improving monetization. Zacks: Reddit Q1 Earnings Beat
• Positive Sentiment: Upbeat near-term guidance — management gave Q2 revenue guidance (~$715M–$725M) above Street expectations, signaling continued ad demand momentum. Reuters: Reddit expects revenue above estimates
• Positive Sentiment: AI-driven ad products & search improvements gaining traction — exec commentary and coverage point to rising advertiser adoption of lower‑funnel, AI-enhanced ad tools and a ~30% YoY increase in weekly search usage, both supporting higher yield per user. Reuters: AI-driven ad growth fuels outlook TechCrunch: People are finally using Reddit's search
• Positive Sentiment: Analyst support — several firms reaffirmed or raised targets (e.g., Piper Sandler raised its PT to $215; Needham reaffirmed buy with $300 PT; DA Davidson reaffirmed buy at $200), adding buy‑side validation. TickerReport / coverage on Piper Sandler
• Neutral Sentiment: Unusual options activity — traders purchased ~80,316 call options (about +88% vs. typical daily call volume), indicating speculative bullish positioning but not guaranteeing directional follow‑through.
• Neutral Sentiment: Cantor Fitzgerald raised its price target (to $180) but left a neutral rating — a mixed signal: higher target but not a bullish rating change. Benzinga: Cantor Fitzgerald update
• Negative Sentiment: Some analyst conflict and target trimming — Citizens Jmp reduced its target from $250 to $240 (still bullish stance), reflecting differing views on longer‑term upside and leaving room for skepticism about sustainability. Benzinga: Citizens Jmp update

Analysts Set New Price Targets

Several equities research analysts have commented on RDDT shares. Truist Financial set a $265.00 target price on Reddit in a research note on Friday. Argus set a $300.00 price target on shares of Reddit in a research note on Friday, January 9th. Oppenheimer reiterated an "outperform" rating and issued a $225.00 price objective on shares of Reddit in a report on Friday. Needham & Company LLC reissued a "buy" rating and issued a $300.00 price objective on shares of Reddit in a research report on Friday. Finally, Guggenheim increased their target price on shares of Reddit from $245.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Eighteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $228.61.

Insider Transactions at Reddit

In other news, Director Sarah E. Farrell purchased 10,500 shares of the company's stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $132.26 per share, with a total value of $1,388,730.00. Following the acquisition, the director owned 61,000 shares in the company, valued at approximately $8,067,860. This trade represents a 20.79% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jennifer L. Wong sold 39,167 shares of the business's stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $161.47, for a total value of $6,324,295.49. Following the completion of the sale, the chief operating officer owned 1,088,451 shares of the company's stock, valued at $175,752,182.97. This trade represents a 3.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have purchased 61,000 shares of company stock worth $8,870,815 and have sold 280,441 shares worth $40,873,759. Company insiders own 34.25% of the company's stock.

Reddit Price Performance

Shares of RDDT opened at $166.53 on Friday. The company's 50-day moving average is $144.12 and its 200-day moving average is $184.18. The firm has a market capitalization of $31.81 billion, a PE ratio of 47.58, a PEG ratio of 1.21 and a beta of 1.85. Reddit Inc. has a fifty-two week low of $94.89 and a fifty-two week high of $282.95.

Reddit (NYSE:RDDT - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.62 by $0.39. The business had revenue of $663.41 million during the quarter, compared to the consensus estimate of $607.74 million. Reddit had a net margin of 28.60% and a return on equity of 26.78%. Reddit's revenue was up 69.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. Analysts predict that Reddit Inc. will post 4.02 earnings per share for the current fiscal year.

About Reddit

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called "subreddits," each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.

Want to see what other hedge funds are holding RDDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reddit Inc. (NYSE:RDDT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.