Vanguard Personalized Indexing Management LLC Purchases 3,321 Shares of Reddit Inc. $RDDT

Vanguard Personalized Indexing Management LLC boosted its position in Reddit Inc. (NYSE:RDDT) by 71.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,982 shares of the company’s stock after purchasing 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 large investors have also recently made changes to their positions in RDDT. CWM LLC lifted its holdings in shares of Reddit by 100.0% in the 1st 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 purchased a new position in Reddit in the 1st quarter worth $31,000. Geneos Wealth Management Inc. lifted its stake in Reddit by 344.6% in the first 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. Canton Hathaway LLC bought a new stake in Reddit in the first quarter worth $43,000. Finally, Olde Wealth Management LLC purchased a new stake in Reddit during the first quarter valued at about $46,000.

Reddit Trading Down 2.0%

Shares of NYSE RDDT opened at $195.00 on Friday. The firm has a fifty day simple moving average of $228.39 and a two-hundred day simple moving average of $162.67. Reddit Inc. has a 12 month low of $76.42 and a 12 month high of $282.95. The firm has a market capitalization of $36.50 billion, a PE ratio of 177.27, a price-to-earnings-growth ratio of 2.98 and a beta of 2.23.

Reddit (NYSE:RDDT) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the company earned ($0.06) earnings per share. Reddit’s quarterly revenue was up 77.9% on a year-over-year basis. Reddit has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Reddit Inc. will post 1.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup reiterated an “outperform” rating on shares of Reddit in a report on Thursday, September 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 price target on shares of Reddit in a research note on Friday, October 3rd. Truist Financial boosted their price objective on Reddit from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Reddit from $145.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Reddit in a research note on Wednesday, October 1st. Two 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Reddit presently has an average rating of “Moderate Buy” and an average price target of $209.50.

Insider Transactions at Reddit

In related news, CTO Christopher Brian Slowe sold 28,000 shares of Reddit stock in a transaction dated Thursday, August 21st. The shares were 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 directly owned 222,534 shares of the company’s stock, valued at $48,721,593.96. This trade represents a 11.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Steve Ladd Huffman sold 18,000 shares of the company’s stock in a transaction dated 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 sale, 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. Insiders have sold a total of 382,500 shares of company stock worth $86,159,231 in the last ninety days. 34.25% of the stock is owned by company 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.