Reddit Inc. $RDDT Stock Holdings Trimmed by D L Carlson Investment Group Inc.

Key Points

• D L Carlson Investment Group Inc. reduced its stake in Reddit Inc. by 47.7%, owning 30,206 shares after selling 27,505 shares in the first quarter, valued at approximately $3.17 million.
• Various hedge funds increased their investments in Reddit, with First Trust Advisors LP upping its stake by 14.4%, and several other firms purchasing new shares in the fourth quarter.
• Reddit reported a substantial increase in quarterly revenue, reaching $499.63 million, a 77.9% year-over-year growth, while also beating earnings expectations with $0.45 earnings per share.

D L Carlson Investment Group Inc. lowered its holdings in shares of Reddit Inc. (NYSE:RDDT - Free Report) by 47.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,206 shares of the company's stock after selling 27,505 shares during the period. D L Carlson Investment Group Inc.'s holdings in Reddit were worth $3,169,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. First Trust Advisors LP raised its stake in shares of Reddit by 14.4% in the 4th quarter. First Trust Advisors LP now owns 61,019 shares of the company's stock worth $9,973,000 after buying an additional 7,682 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Reddit by 42.7% in the 4th quarter. MML Investors Services LLC now owns 10,113 shares of the company's stock worth $1,653,000 after buying an additional 3,028 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Reddit in the 4th quarter worth $1,392,000. Hsbc Holdings PLC bought a new stake in shares of Reddit in the 4th quarter worth $958,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of Reddit in the 4th quarter worth $208,000.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RDDT. Needham & Company LLC boosted their price objective on Reddit from $165.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wells Fargo & Company boosted their price objective on Reddit from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Bank of America boosted their price objective on Reddit from $130.00 to $150.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Roth Capital boosted their target price on Reddit from $130.00 to $145.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Finally, Guggenheim boosted their target price on Reddit from $165.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned 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 $175.38.

Insiders Place Their Bets

In related news, CEO Steve Ladd Huffman sold 124,409 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $124.45, for a total transaction of $15,482,700.05. Following the transaction, the chief executive officer directly owned 546,133 shares of the company's stock, valued at approximately $67,966,251.85. The trade was a 18.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Christopher Brian Slowe sold 28,000 shares of the company's stock in a transaction 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 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 482,777 shares of company stock valued at $79,766,696 over the last ninety days. Corporate insiders own 34.25% of the company's stock.

Reddit Stock Up 0.2%

Shares of Reddit stock opened at $220.09 on Wednesday. The stock's fifty day moving average is $173.41 and its 200-day moving average is $141.61. The firm has a market capitalization of $41.19 billion, a PE ratio of 200.08, a price-to-earnings-growth ratio of 3.48 and a beta of 2.30. Reddit Inc. has a 12-month low of $55.02 and a 12-month high of $253.14.

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, beating the consensus estimate of $0.20 by $0.25. The firm had revenue of $499.63 million for the quarter, compared to analyst estimates of $424.07 million. Reddit had a return on equity of 9.93% and a net margin of 12.97%.Reddit's quarterly revenue was up 77.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) earnings per share. Reddit has set its Q3 2025 guidance at EPS. Analysts expect that Reddit Inc. will post 1.12 EPS for the current year.

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.

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