Strs Ohio Increases Holdings in Reddit Inc. $RDDT

Strs Ohio lifted its position in Reddit Inc. (NYSE:RDDT) by 1,103.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,788 shares of the company’s stock after buying an additional 96,081 shares during the period. Strs Ohio’s holdings in Reddit were worth $24,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Legacy Advisory Services LLC bought a new position in Reddit in the third quarter valued at about $293,000. Covestor Ltd increased its position in shares of Reddit by 138.5% during the 3rd quarter. Covestor Ltd now owns 217 shares of the company’s stock valued at $50,000 after purchasing an additional 126 shares during the last quarter. Simplicity Wealth LLC bought a new position in shares of Reddit in the 3rd quarter worth approximately $2,478,000. CVA Family Office LLC grew its position in Reddit by 481.9% during the third quarter. CVA Family Office LLC now owns 483 shares of the company’s stock valued at $111,000 after buying an additional 400 shares during the period. Finally, Rakuten Investment Management Inc. bought a new position in Reddit in the third quarter worth approximately $9,573,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Raymond James Financial restated a “strong-buy” rating and issued a $250.00 price objective (up from $225.00) on shares of Reddit in a research note on Monday, October 20th. Argus set a $300.00 price target on Reddit in a report on Friday, January 9th. Royal Bank Of Canada restated a “sector perform” rating on shares of Reddit in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Reddit in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $285.00 target price on shares of Reddit in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Reddit presently has an average rating of “Moderate Buy” and a consensus price target of $245.18.

Key Stories Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Guggenheim reaffirmed a “buy” and set a $245 price target, implying meaningful upside from current levels and providing concrete analyst support for the rally. Guggenheim Buy Rating / Benzinga
• Positive Sentiment: A bullish Seeking Alpha note draws parallels between Reddit’s current monetization and early-2012 Facebook, projecting large upside if user and ARPU trends persist — a narrative that fuels long-term growth expectations. Reddit: Parallels To 2012 Facebook
• Positive Sentiment: High-visibility endorsements — notably Jim Cramer saying he “likes the company right here” and articles highlighting reasons investors favor Reddit — are lifting sentiment among retail investors. Jim Cramer Likes Reddit
• Neutral Sentiment: Analyst commentary is shifting: some pieces describe a rewriting of the price-target narrative as new estimates and multipliers are debated — this limits volatility but keeps the stock sensitive to upgrades/downgrades. Shifting Price Target Narrative / Yahoo Finance
• Neutral Sentiment: Valuation checks after recent share swings highlight high P/E and expected EPS growth; these analyses frame upside scenarios but also underline sensitivity to execution and ARPU trajectory. Valuation Check / Yahoo Finance
• Negative Sentiment: Insider selling by COO Jennifer L. Wong (multiple filings showing sizable share disposals) has weighed on sentiment and was cited as a driver of earlier price weakness; investors watch whether sales continue. COO Insider Sale / SEC Filing
• Negative Sentiment: Coverage noting a pullback tied to insider selling (reported ~4.4% drop) underscores short-term downside risk if sentiment flips or if growth guidance disappoints. Stock Down on Insider Selling / American Banking News
• Negative Sentiment: Critical analysis warns Reddit must grow at Meta-like scale to justify rich multiples and notes tougher competitive/monetization challenges, keeping execution risk top of mind for investors. Growth Challenges / Seeking Alpha

Reddit Stock Up 1.8%

NYSE RDDT opened at $218.47 on Friday. Reddit Inc. has a twelve month low of $79.75 and a twelve month high of $282.95. The business has a 50-day moving average price of $225.46 and a 200-day moving average price of $213.00. The firm has a market cap of $41.40 billion, a price-to-earnings ratio of 125.56, a price-to-earnings-growth ratio of 1.49 and a beta of 2.17.

Reddit (NYSE:RDDT) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.30. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The company had revenue of $584.91 million for the quarter, compared to analysts’ expectations of $546.65 million. During the same period in the previous year, the firm earned $0.16 EPS. The firm’s revenue was up 67.9% compared to the same quarter last year. Research analysts expect that Reddit Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity at Reddit

In related news, COO Jennifer L. Wong sold 63,427 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $192.72, for a total transaction of $12,223,651.44. Following the completion of the transaction, the chief operating officer owned 1,184,528 shares in the company, valued at approximately $228,282,236.16. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Christopher Brian Slowe sold 24,000 shares of Reddit stock in a transaction on Monday, November 24th. The shares were sold at an average price of $192.72, for a total transaction of $4,625,280.00. Following the completion of the sale, the chief technology officer owned 175,694 shares in the company, valued at approximately $33,859,747.68. This represents a 12.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 509,511 shares of company stock worth $111,394,344 over the last ninety days. 34.25% of the stock is owned by corporate insiders.

Reddit Company Profile

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.