Union Bancaire Privee UBP SA Makes New Investment in Reddit Inc. $RDDT

Key Points

• Union Bancaire Privee UBP SA has acquired a new stake in Reddit Inc. by purchasing 13,800 shares worth approximately $2,078,000 during the 2nd quarter.
• Analysts have given Reddit mixed ratings, with price targets ranging from $145 to $300, resulting in an average target price of $201.58.
• Insider transactions have shown significant stock sales by top executives, indicating a 9.55% to 11.18% decrease in their positions in the company.

Union Bancaire Privee UBP SA bought a new position in shares of Reddit Inc. (NYSE:RDDT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,800 shares of the company's stock, valued at approximately $2,078,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its position in Reddit by 100.0% during the first quarter. CWM LLC now owns 256 shares of the company's stock worth $27,000 after acquiring an additional 128 shares during the last quarter. Stone House Investment Management LLC acquired a new position in shares of Reddit during the 1st quarter worth approximately $31,000. Geneos Wealth Management Inc. boosted its holdings in shares of Reddit by 344.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company's stock worth $39,000 after purchasing an additional 286 shares during the last quarter. Western Pacific Wealth Management LP acquired a new position in shares of Reddit during the 2nd quarter worth approximately $60,000. Finally, Canton Hathaway LLC acquired a new position in shares of Reddit during the 1st quarter worth approximately $43,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RDDT shares. Roth Capital boosted their price objective on Reddit from $130.00 to $145.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Loop Capital lowered their price target on shares of Reddit from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, June 12th. JPMorgan Chase & Co. boosted their price target on shares of Reddit from $145.00 to $190.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Citigroup reissued an "outperform" rating on shares of Reddit in a research report on Thursday, September 18th. Finally, Jefferies Financial Group boosted their target price on shares of Reddit from $230.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $201.58.

Insider Transactions at Reddit

In related news, CTO Christopher Brian Slowe sold 28,000 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $218.94, for a total transaction of $6,130,320.00. Following the transaction, the chief technology officer owned 222,534 shares of the company's stock, valued at approximately $48,721,593.96. This represents a 11.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew Vollero sold 30,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $61,974,199.12. The trade was a 9.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 379,834 shares of company stock valued at $82,388,799 over the last three months. 34.25% of the stock is currently owned by company insiders.

Reddit Price Performance

NYSE RDDT opened at $230.39 on Wednesday. The firm's 50-day moving average is $221.43 and its two-hundred day moving average is $154.71. Reddit Inc. has a 12 month low of $64.51 and a 12 month high of $282.95. The stock has a market capitalization of $43.12 billion, a P/E ratio of 209.45, a PEG ratio of 3.81 and a beta of 2.40.

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

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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