S.A. Mason LLC Invests $447,000 in Reddit Inc. $RDDT

Key Points

• S.A. Mason LLC recently acquired a new stake in Reddit Inc. worth approximately $447,000 by purchasing 2,970 shares in the second quarter.
• Several institutional investors have increased their holdings in Reddit, with Vanguard Group Inc. boosting its shares by 11.1% and Alliancebernstein L.P. by 103.0% during the first quarter.
• Reddit's stock recently saw a target price increase from Morgan Stanley to $230.00, reflecting positive sentiment from analysts, with a consensus rating of "Moderate Buy."

S.A. Mason LLC purchased a new stake in shares of Reddit Inc. (NYSE:RDDT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,970 shares of the company's stock, valued at approximately $447,000.

Other large investors have also added to or reduced their stakes in the company. Petrus Trust Company LTA purchased a new position in Reddit during the first quarter valued at approximately $473,000. JPMorgan Chase & Co. lifted its holdings in Reddit by 98.2% during the first quarter. JPMorgan Chase & Co. now owns 1,907,495 shares of the company's stock valued at $200,096,000 after purchasing an additional 944,847 shares in the last quarter. Greycroft LP lifted its holdings in Reddit by 109.1% during the first quarter. Greycroft LP now owns 11,500 shares of the company's stock valued at $1,206,000 after purchasing an additional 6,000 shares in the last quarter. Think Investments LP lifted its holdings in Reddit by 10.3% during the first quarter. Think Investments LP now owns 268,000 shares of the company's stock valued at $28,113,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Sender Co & Partners Inc. bought a new stake in shares of Reddit during the first quarter valued at approximately $1,367,000.

Insider Activity at Reddit

In related news, CFO Andrew Vollero sold 30,000 shares of the 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 transaction, the chief financial officer owned 284,168 shares in the company, valued at approximately $61,974,199.12. This represents a 9.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $223.41, for a total transaction of $4,021,380.00. Following the completion of the transaction, the chief executive officer owned 494,104 shares in the company, valued at approximately $110,387,774.64. This trade represents a 3.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 344,126 shares of company stock valued at $71,345,839. Company insiders own 34.25% of the company's stock.

Reddit Stock Down 2.6%

Shares of Reddit stock traded down $6.96 during midday trading on Monday, hitting $257.52. The company had a trading volume of 5,271,494 shares, compared to its average volume of 5,397,610. The stock has a market cap of $48.20 billion, a price-to-earnings ratio of 234.11, a PEG ratio of 4.16 and a beta of 2.38. The company has a fifty day simple moving average of $210.50 and a 200 day simple moving average of $150.13. Reddit Inc. has a 12-month low of $63.60 and a 12-month high of $282.95.

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

Analyst Upgrades and Downgrades

RDDT has been the topic of several research reports. Jefferies Financial Group boosted their price target on shares of Reddit from $230.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Morgan Stanley boosted their target price on shares of Reddit from $170.00 to $230.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Reddit from a "hold" rating to a "buy" rating in a research note on Sunday, September 7th. JMP Securities upped their price objective on shares of Reddit from $225.00 to $300.00 and gave the stock a "market outperform" rating in a research note on Thursday. Finally, Loop Capital lowered their price objective on shares of Reddit from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $197.88.

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.