Nepsis Inc. Has $12.57 Million Holdings in Reddit Inc. $RDDT

Nepsis Inc. raised its position in shares of Reddit Inc. (NYSE:RDDT) by 13.8% in the fourth quarter, HoldingsChannel reports. The fund owned 54,661 shares of the company’s stock after acquiring an additional 6,628 shares during the period. Reddit accounts for approximately 3.9% of Nepsis Inc.’s investment portfolio, making the stock its 13th largest holding. Nepsis Inc.’s holdings in Reddit were worth $12,565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in Reddit by 143.3% during the 1st quarter. NewEdge Advisors LLC now owns 7,982 shares of the company’s stock worth $837,000 after purchasing an additional 4,701 shares during the last quarter. Empowered Funds LLC acquired a new position in Reddit in the 1st quarter valued at $213,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Reddit by 106.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 216,960 shares of the company’s stock worth $22,759,000 after buying an additional 111,780 shares during the period. Focus Partners Wealth increased its position in Reddit by 40.8% during the 1st quarter. Focus Partners Wealth now owns 10,224 shares of the company’s stock worth $1,073,000 after buying an additional 2,965 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Reddit by 344.6% during the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock worth $39,000 after buying an additional 286 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RDDT shares. The Goldman Sachs Group reduced their target price on shares of Reddit from $236.00 to $206.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Wall Street Zen cut shares of Reddit from a “buy” rating to a “hold” rating in a research note on Monday, March 23rd. Jefferies Financial Group cut their price objective on shares of Reddit from $285.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Roth Mkm increased their target price on shares of Reddit from $210.00 to $215.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company set a $196.00 target price on shares of Reddit in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $242.19.

Insider Buying and Selling at Reddit

In other Reddit news, CTO Christopher Brian Slowe sold 19,036 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $144.05, for a total value of $2,742,135.80. Following the sale, the chief technology officer owned 185,057 shares in the company, valued at $26,657,460.85. This trade represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Benjamin Seong Lee sold 27,930 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $260.08, for a total transaction of $7,264,034.40. Following the sale, the insider directly owned 62,608 shares in the company, valued at approximately $16,283,088.64. The trade was a 30.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders acquired 61,000 shares of company stock worth $8,870,815 and sold 355,078 shares worth $65,408,023. 34.25% of the stock is owned by company insiders.

Reddit Stock Down 4.3%

NYSE:RDDT opened at $121.75 on Friday. Reddit Inc. has a twelve month low of $79.75 and a twelve month high of $282.95. The stock’s 50-day simple moving average is $155.67 and its 200 day simple moving average is $198.89. The firm has a market capitalization of $23.26 billion, a PE ratio of 46.47, a price-to-earnings-growth ratio of 0.93 and a beta of 2.40.

Reddit (NYSE:RDDT) last issued its earnings results on Thursday, February 5th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.96 by $0.28. The firm had revenue of $725.61 million during the quarter, compared to the consensus estimate of $665.80 million. Reddit had a return on equity of 20.89% and a net margin of 24.05%.The business’s quarterly revenue was up 69.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. On average, analysts anticipate that Reddit Inc. will post 1.12 EPS for the current fiscal year.

Reddit News Roundup

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: AI and ad-product momentum: analysts and coverage note Reddit’s new AI tools and ad formats are helping engagement and ad revenue growth after a 69.7% year-over-year revenue jump, supporting the company’s longer-term monetization case. RDDT’s AI Tools Gain Traction
• Positive Sentiment: Product/verification moves could improve ad quality and trust: Reddit is rolling out age and human verification features (optional verified profiles, regional age checks, potential biometric options) that may help brand safety and ad buyer confidence. Reddit introduces new age and human verification measures
• Neutral Sentiment: Wall Street stance is mixed-but-leaning-positive: many analysts maintain Buy ratings and several firms have raised or reiterated targets, giving the stock some institutional support even as opinions and targets vary. Is Reddit Inc. (RDDT) a Buy?
• Negative Sentiment: Executive share sales pressured sentiment: recent, repeated insider sales by the CTO and other reports of large executive disposals have spooked investors and been tied to sharp intraday moves. Reddit (RDDT) Stock Plummets 10% Following Major Executive Share Sales
• Negative Sentiment: Legal/sector headwinds and technical selling: coverage links Reddit’s weakness to a social-media “addiction” trial ruling and correlated selloff across social-media peers, plus the stock falling below short-term moving averages, which amplifies selling. Why Reddit (RDDT) shares are sliding today
• Negative Sentiment: Broader tech/market weakness: Nasdaq and sector declines are applying downward pressure on growth/tech names, adding to Reddit’s near-term volatility. Why Reddit Shares Are Trending Lower On Thursday?

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.