DSM Capital Partners LLC Has $114.21 Million Stock Holdings in Reddit Inc. $RDDT

DSM Capital Partners LLC raised its position in Reddit Inc. (NYSE:RDDT) by 5.3% during the 1st quarter, HoldingsChannel reports. The fund owned 848,206 shares of the company’s stock after buying an additional 42,808 shares during the quarter. Reddit comprises about 2.0% of DSM Capital Partners LLC’s portfolio, making the stock its 16th largest holding. DSM Capital Partners LLC’s holdings in Reddit were worth $114,211,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Capital World Investors bought a new position in Reddit in the fourth quarter valued at $1,293,258,000. Norges Bank acquired a new position in shares of Reddit during the 4th quarter worth about $372,047,000. Invesco Ltd. boosted its stake in shares of Reddit by 419.0% during the 3rd quarter. Invesco Ltd. now owns 1,487,941 shares of the company’s stock worth $342,212,000 after buying an additional 1,201,237 shares during the last quarter. State Street Corp grew its holdings in shares of Reddit by 138.5% in the 2nd quarter. State Street Corp now owns 2,030,139 shares of the company’s stock valued at $305,678,000 after acquiring an additional 1,178,890 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Reddit by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 13,322,048 shares of the company’s stock valued at $3,062,339,000 after acquiring an additional 1,083,540 shares in the last quarter.

Insider Activity at Reddit

In other Reddit news, COO Jennifer L. Wong sold 39,166 shares of Reddit stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $176.94, for a total transaction of $6,930,032.04. Following the completion of the transaction, the chief operating officer directly owned 1,050,339 shares of the company’s stock, valued at $185,846,982.66. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michelle Marie Reynolds sold 808 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $200.00, for a total transaction of $161,600.00. Following the completion of the transaction, the chief accounting officer owned 15,060 shares in the company, valued at approximately $3,012,000. This represents a 5.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 226,308 shares of company stock worth $37,856,340. Company insiders own 28.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citizens Jmp dropped their target price on Reddit from $250.00 to $240.00 and set a “market outperform” rating on the stock in a report on Friday, May 1st. Wall Street Zen downgraded Reddit from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price target on shares of Reddit in a research report on Friday, May 1st. Rothschild & Co Redburn set a $110.00 price objective on Reddit in a research note on Monday, April 27th. Finally, Cantor Fitzgerald increased their price objective on Reddit from $170.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Eighteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $231.14.

Reddit News Summary

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Wells Fargo raised its price target on Reddit and maintained a Hold/equal-weight view, signaling that analysts still see value in the company’s growth story even after the recent run-up. Wells Fargo Keeps Their Hold Rating on Reddit Inc Class A (RDDT)
• Positive Sentiment: Recent coverage highlighted Reddit’s expanding AI licensing efforts and its AI safety push, including stronger bot detection and human verification, both of which support long-term monetization and user trust. Reddit (RDDT) Expands AI Licensing, Is The Stock Fully Priced?
• Positive Sentiment: Commentary around the stock’s recent rally and price-target upgrade suggests investor interest remains strong, especially as Reddit continues to benefit from AI-related opportunities. Options Corner: RDDT Sees Price Target Hike Amid Stock Rally
• Neutral Sentiment: A Reddit executive sold a relatively small number of shares under a pre-arranged trading plan, which is routine and not necessarily a negative signal by itself. Reddit (NYSE:RDDT) CAO Sells $161,600.00 in Stock
• Neutral Sentiment: Reddit’s latest earnings and institutional ownership trends continue to show strong revenue growth and broad Wall Street support, but these are largely longer-term fundamentals rather than a fresh catalyst. Reddit stock and ownership/earnings overview
• Negative Sentiment: Some articles framed Reddit as overextended after its rally, and at least one analyst note implied limited upside from current levels, which may be contributing to selling pressure. Reddit Inc. (RDDT) Declines More Than Market: Some Information for Investors

Reddit Stock Down 2.0%

Shares of NYSE RDDT opened at $195.47 on Thursday. The business’s 50 day moving average price is $167.48 and its two-hundred day moving average price is $170.98. The company has a market cap of $37.63 billion, a PE ratio of 55.85 and a beta of 1.93. Reddit Inc. has a twelve month low of $119.27 and a twelve month high of $282.95.

Reddit (NYSE:RDDT) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.39. Reddit had a return on equity of 25.48% and a net margin of 28.60%.The company had revenue of $663.41 million during the quarter, compared to analysts’ expectations of $607.74 million. During the same period last year, the firm posted $0.13 earnings per share. The business’s revenue was up 69.1% on a year-over-year basis. As a group, research analysts anticipate that Reddit Inc. will post 4.83 EPS for the current fiscal year.

Reddit 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.