Vontobel Holding Ltd. Grows Position in Reddit Inc. $RDDT

Key Points

• Vontobel Holding Ltd. increased its stake in Reddit Inc. by 15.2% in the second quarter, bringing its holdings to 13,316 shares valued at approximately <$2 million.
• Several institutional investors have also significantly increased their holdings in Reddit, with increases up to 344.6% from some funds in the latest reporting period.
• Analysts remain optimistic on Reddit, with multiple target price increases from firms like Bank of America and Guggenheim, reflecting a consensus rating of "Moderate Buy."

Vontobel Holding Ltd. lifted its holdings in shares of Reddit Inc. (NYSE:RDDT - Free Report) by 15.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,316 shares of the company's stock after buying an additional 1,755 shares during the period. Vontobel Holding Ltd.'s holdings in Reddit were worth $2,005,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RDDT. CWM LLC lifted its holdings in Reddit by 100.0% in the first quarter. CWM LLC now owns 256 shares of the company's stock valued at $27,000 after acquiring an additional 128 shares during the period. Stone House Investment Management LLC bought a new position in Reddit in the first quarter valued at about $31,000. Geneos Wealth Management Inc. lifted its holdings in Reddit by 344.6% in the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company's stock valued at $39,000 after acquiring an additional 286 shares during the period. Canton Hathaway LLC bought a new position in Reddit in the first quarter valued at about $43,000. Finally, Olde Wealth Management LLC bought a new position in Reddit in the first quarter valued at about $46,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RDDT. Bank of America increased their target price on Reddit from $130.00 to $150.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Guggenheim increased their target price on Reddit from $165.00 to $215.00 and gave the company a "buy" rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Reddit in a research note on Wednesday. Needham & Company LLC raised their price objective on Reddit from $215.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Finally, Argus initiated coverage on Reddit in a research note on Monday, August 18th. They issued a "buy" rating and a $250.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $203.92.

Reddit Trading Down 6.2%

Shares of RDDT opened at $198.67 on Friday. The company has a market capitalization of $37.18 billion, a PE ratio of 180.61, a price-to-earnings-growth ratio of 3.03 and a beta of 2.23. The business's 50 day moving average is $229.29 and its 200 day moving average is $159.53. Reddit Inc. has a 12-month low of $69.74 and a 12-month high of $282.95.

Reddit (NYSE:RDDT - Get Free Report) last released 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 business had revenue of $499.63 million during the quarter, compared to analysts' expectations of $424.07 million. Reddit had a return on equity of 9.93% and a net margin of 12.97%.The firm's revenue for the quarter was up 77.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) EPS. Reddit has set its Q3 2025 guidance at EPS. Equities research analysts predict that Reddit Inc. will post 1.12 earnings per share for the current year.

Insider Transactions at Reddit

In other Reddit news, CTO Christopher Brian Slowe sold 28,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief technology officer owned 222,534 shares in the company, valued at $48,721,593.96. This trade represents a 11.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $223.41, for a total value of $4,021,380.00. Following the transaction, the chief executive officer owned 494,104 shares of the company's stock, valued at $110,387,774.64. This represents a 3.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 411,834 shares of company stock worth $89,323,939. 34.25% of the stock is owned by corporate insiders.

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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