Vanguard Personalized Indexing Management LLC Grows Stock Position in Reddit Inc. $RDDT

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Reddit Inc. by 71.3% during Q2, totaling 7,982 shares valued at $1.2 million.
• Reddit's stock is currently priced at $195.00, with a market cap of $36.50 billion, while its recent earnings report showed a significant EPS beat of $0.45 against expectations of $0.20.
• Insider selling activity has been noted, with CFO Andrew Vollero selling 30,000 shares at an average price of $218.09, representing a significant 9.55% decrease in his ownership.

Vanguard Personalized Indexing Management LLC grew its position in shares of Reddit Inc. (NYSE:RDDT - Free Report) by 71.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,982 shares of the company's stock after buying an additional 3,321 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Reddit were worth $1,202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RDDT. Congress Park Capital LLC raised its stake in Reddit by 2.0% in the 2nd quarter. Congress Park Capital LLC now owns 3,885 shares of the company's stock valued at $585,000 after acquiring an additional 76 shares during the period. Platinum Investment Management Ltd. boosted its position in Reddit by 4.3% during the second quarter. Platinum Investment Management Ltd. now owns 2,322 shares of the company's stock worth $350,000 after purchasing an additional 95 shares during the period. Signaturefd LLC increased its stake in shares of Reddit by 3.5% in the first quarter. Signaturefd LLC now owns 2,859 shares of the company's stock worth $300,000 after purchasing an additional 97 shares in the last quarter. CWM LLC raised its position in shares of Reddit by 100.0% in the first quarter. CWM LLC now owns 256 shares of the company's stock valued at $27,000 after purchasing an additional 128 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Reddit by 12.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,323 shares of the company's stock valued at $139,000 after purchasing an additional 147 shares during the period.

Reddit Stock Down 2.0%

Shares of NYSE RDDT opened at $195.00 on Friday. The firm has a market capitalization of $36.50 billion, a P/E ratio of 177.27, a P/E/G ratio of 2.98 and a beta of 2.23. The stock's 50-day simple moving average is $228.39 and its two-hundred day simple moving average is $162.67. Reddit Inc. has a twelve month low of $76.42 and a twelve month high of $282.95.

Reddit (NYSE:RDDT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) 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 firm had revenue of $499.63 million during the quarter, compared to the consensus estimate of $424.07 million. During the same quarter last year, the company posted ($0.06) EPS. The company's revenue for the quarter was up 77.9% on a year-over-year basis. Reddit has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Reddit Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity at Reddit

In other news, CFO Andrew Vollero sold 30,000 shares of Reddit stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $218.09, for a total transaction of $6,542,700.00. Following the completion of the sale, the chief financial officer directly owned 284,168 shares of the company's stock, valued at approximately $61,974,199.12. The trade was a 9.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of the company's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $200.53, for a total transaction of $3,609,540.00. Following the completion of the transaction, the chief executive officer owned 494,104 shares of the company's stock, valued at $99,082,675.12. This trade represents a 3.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 382,500 shares of company stock valued at $86,159,231. Company insiders own 34.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Guggenheim raised their price objective on shares of Reddit from $165.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $225.00 price target (up from $175.00) on shares of Reddit in a report on Friday, August 1st. Cannonball Research reiterated a "buy" rating on shares of Reddit in a research note on Tuesday, September 23rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Reddit in a report on Wednesday, October 8th. Finally, Roth Capital raised their target price on Reddit from $130.00 to $145.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Reddit has an average rating of "Moderate Buy" and an average target price of $209.50.

Reddit 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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