14,719 Reddit Inc. $RDDT Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in shares of Reddit Inc. (NYSE:RDDT) by 105.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,695 shares of the company’s stock after buying an additional 14,719 shares during the quarter. International Assets Investment Management LLC’s holdings in Reddit were worth $4,087,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Reddit by 3.0% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,373 shares of the company’s stock worth $2,902,000 after acquiring an additional 600 shares during the last quarter. United Asset Strategies Inc. raised its stake in shares of Reddit by 3.9% during the third quarter. United Asset Strategies Inc. now owns 3,663 shares of the company’s stock valued at $522,000 after acquiring an additional 138 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Reddit during the third quarter valued at about $604,000. BOKF NA boosted its holdings in shares of Reddit by 332.5% during the third quarter. BOKF NA now owns 11,899 shares of the company’s stock worth $1,695,000 after purchasing an additional 9,148 shares during the period. Finally, North Dakota State Investment Board boosted its holdings in shares of Reddit by 7.2% during the third quarter. North Dakota State Investment Board now owns 4,127 shares of the company’s stock worth $588,000 after purchasing an additional 276 shares during the period.

Insider Activity

In related news, Director Robert A. Sauerberg sold 5,128 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $159.92, for a total value of $820,069.76. Following the sale, the director directly owned 27,087 shares of the company’s stock, valued at $4,331,753.04. This represents a 15.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Steve Huffman sold 18,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $178.16, for a total value of $3,206,880.00. Following the completion of the transaction, the chief executive officer owned 373,814 shares of the company’s stock, valued at approximately $66,598,702.24. This trade represents a 4.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 306,052 shares of company stock worth $49,754,523 in the last quarter. 28.48% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RDDT has been the topic of several recent analyst reports. Raymond James Financial reissued a “strong-buy” rating and issued a $205.00 target price on shares of Reddit in a research note on Monday, August 17th. Citizens Jmp lowered Reddit from a “market outperform” rating to a “market perform” rating in a research report on Friday. Citigroup lowered Reddit from a “market outperform” rating to a “market perform” rating in a research report on Friday. Morgan Stanley dropped their price objective on Reddit from $240.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, August 21st. Finally, Robert W. Baird set a $185.00 price objective on Reddit in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $197.61.

Reddit Price Performance

Shares of RDDT opened at $91.74 on Monday. Reddit Inc. has a one year low of $89.28 and a one year high of $263.50. The company has a 50-day simple moving average of $150.37 and a two-hundred day simple moving average of $160.26. The firm has a market capitalization of $17.65 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 0.42 and a beta of 2.05.

Reddit (NYSE:RDDT) last posted its earnings results on Thursday, October 29th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. Reddit had a return on equity of 30.57% and a net margin of 32.10%. The firm had revenue of $894.96 million for the quarter, compared to the consensus estimate of $874.91 million. During the same quarter in the prior year, the business earned $0.80 EPS. The business’s revenue for the quarter was up 53.0% on a year-over-year basis. Analysts expect that Reddit Inc. will post 5.28 EPS for the current fiscal year.

Reddit News Roundup

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Reddit reported third-quarter revenue of approximately $895 million, up 53% year over year, and earnings of $1.40 per share, exceeding analyst expectations. Advertising revenue increased 54%, while improved monetization and first-week app retention—up more than 50% year over year—provided evidence of continued platform engagement. Reddit Q3 Earnings Beat on Ad Growth and Strong Monetization
• Positive Sentiment: Several analysts retained constructive views despite reducing their targets. Citigroup, Truist Financial, B. Riley and Wedbush still rated RDDT Buy or Outperform, with targets above the current trading level, suggesting potential long-term recovery if user engagement and monetization improve. Reddit Analysts Slash Their Forecasts Following Q3 Earnings
• Neutral Sentiment: Reddit plans to test a primarily logged-in experience in international markets to reduce data scraping, strengthen data protection and limit its reliance on search referrals. Management is also responding to the growing impact of Google AI search features on website traffic. Reddit Search Traffic Declines and Visitor Sign-In Plans
• Negative Sentiment: Management’s outlook was the main catalyst for the selloff. Search traffic was described as meaningfully lower, and daily active unique visitors could decline by a low double-digit percentage in the fourth quarter if Google referrals continue weakening. The logged-in-only strategy could further reduce casual and logged-out users before improving engagement or monetization.
• Negative Sentiment: Analysts broadly cut price targets, including Wells Fargo to $110, Cantor Fitzgerald to $120 and Bernstein to $120; Oppenheimer and Citizens JMP downgraded the stock to market perform. Investors are concerned that international user growth is less valuable than U.S. growth, while Meta and Google remain powerful advertising competitors.
• Negative Sentiment: Levi & Korsinsky and Block & Leviton announced investigations into whether Reddit adequately disclosed the risks associated with its logged-in-only transition and search-traffic exposure, adding legal and reputational uncertainty. Reddit Investigation Notice

Reddit Profile

Reddit, Inc operates a global online platform where users participate in communities organized around shared interests, topics and activities. Members can submit text posts, links, images and videos, as well as comment on and vote on content. The platform includes thousands of communities, commonly known as subreddits, covering subjects such as news, entertainment, technology, sports, finance and lifestyle.

Reddit generates revenue primarily through digital advertising, offering advertisers access to audiences based on community interests and user engagement.