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

Nepsis Inc. increased its stake in shares of Reddit Inc. (NYSE:RDDT) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,661 shares of the company’s stock after acquiring an additional 6,628 shares during the period. Reddit comprises about 3.9% of Nepsis Inc.’s portfolio, making the stock its 13th largest position. Nepsis Inc.’s holdings in Reddit were worth $12,565,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank increased its holdings in Reddit by 25.6% during the 3rd quarter. Huntington National Bank now owns 270 shares of the company’s stock worth $62,000 after purchasing an additional 55 shares in the last quarter. Roxbury Financial LLC lifted its holdings in shares of Reddit by 7.4% in the fourth quarter. Roxbury Financial LLC now owns 929 shares of the company’s stock valued at $214,000 after purchasing an additional 64 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of Reddit by 2.8% during the third quarter. AdvisorNet Financial Inc now owns 2,464 shares of the company’s stock worth $567,000 after buying an additional 66 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of Reddit by 5.0% during the third quarter. Kingswood Wealth Advisors LLC now owns 1,439 shares of the company’s stock worth $331,000 after buying an additional 69 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of Reddit by 9.9% during the third quarter. IFP Advisors Inc now owns 796 shares of the company’s stock worth $183,000 after buying an additional 72 shares in the last quarter.

Insider Activity at Reddit

In other Reddit news, COO Jennifer L. Wong sold 33,507 shares of Reddit stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $143.41, for a total transaction of $4,805,238.87. Following the completion of the transaction, the chief operating officer directly owned 1,088,451 shares of the company’s stock, valued at $156,094,757.91. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $232.78, for a total transaction of $4,190,040.00. Following the completion of the transaction, the chief executive officer directly owned 448,576 shares in the company, valued at $104,419,521.28. The trade was a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders purchased 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 insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on RDDT shares. Evercore reissued an “outperform” rating and issued a $290.00 target price on shares of Reddit in a research report on Friday, February 6th. Roth Mkm raised their price target on shares of Reddit from $210.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Zacks Research downgraded shares of Reddit from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. China Renaissance began coverage on shares of Reddit in a research report on Tuesday, December 9th. They issued a “buy” rating and a $300.00 price objective on the stock. Finally, Cantor Fitzgerald reduced their target price on shares of Reddit from $240.00 to $170.00 and set a “neutral” rating for the company in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $242.19.

Reddit News Summary

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 Stock Performance

Shares of NYSE:RDDT opened at $121.75 on Friday. Reddit Inc. has a 52-week low of $79.75 and a 52-week high of $282.95. The company has a market capitalization of $23.26 billion, a P/E ratio of 46.47, a price-to-earnings-growth ratio of 0.93 and a beta of 2.40. The company has a 50-day simple moving average of $155.67 and a 200 day simple moving average of $198.89.

Reddit (NYSE:RDDT) last announced its quarterly earnings results on Thursday, February 5th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.28. The firm had revenue of $725.61 million for 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 revenue was up 69.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. As a group, equities analysts forecast that Reddit Inc. will post 1.12 earnings per share for the current year.

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.