PFA Pension Forsikringsaktieselskab Acquires Shares of 54,606 Reddit Inc. $RDDT

PFA Pension Forsikringsaktieselskab acquired a new stake in Reddit Inc. (NYSE:RDDT) during the fourth quarter, Holdings Channel reports. The fund acquired 54,606 shares of the company’s stock, valued at approximately $12,743,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RDDT. NewEdge Advisors LLC lifted its holdings in Reddit by 143.3% in the 1st quarter. NewEdge Advisors LLC now owns 7,982 shares of the company’s stock valued at $837,000 after purchasing an additional 4,701 shares in the last quarter. Empowered Funds LLC purchased 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 lifted its holdings in Reddit by 106.3% in 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 valued at $22,759,000 after purchasing an additional 111,780 shares in the last quarter. Focus Partners Wealth lifted its holdings in Reddit by 40.8% in the 1st quarter. Focus Partners Wealth now owns 10,224 shares of the company’s stock valued at $1,073,000 after purchasing an additional 2,965 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Reddit by 344.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after purchasing an additional 286 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on RDDT shares. Truist Financial set a $265.00 target price on Reddit in a research note on Friday. Bank of America cut their target price on Reddit from $205.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $285.00 target price on shares of Reddit in a research note on Tuesday, January 20th. Morgan Stanley set a $240.00 target price on Reddit in a research note on Friday, February 6th. Finally, Robert W. Baird set a $200.00 target price on Reddit in a research note on Friday, February 6th. Eighteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $228.61.

Reddit Stock Up 0.0%

Shares of RDDT opened at $166.53 on Monday. Reddit Inc. has a 52-week low of $94.89 and a 52-week high of $282.95. The company has a market capitalization of $31.81 billion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 1.21 and a beta of 1.85. The stock has a fifty day simple moving average of $144.12 and a two-hundred day simple moving average of $184.09.

Reddit (NYSE:RDDT) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.39. The business had revenue of $663.41 million during the quarter, compared to analysts’ expectations of $607.74 million. Reddit had a return on equity of 26.78% and a net margin of 28.60%.The company’s revenue was up 69.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. As a group, equities analysts anticipate that Reddit Inc. will post 4.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Reddit news, Director Sarah E. Farrell purchased 43,800 shares of the stock in a transaction dated Tuesday, February 10th. The stock was acquired at an average cost of $149.52 per share, for a total transaction of $6,548,976.00. Following the acquisition, the director owned 43,800 shares in the company, valued at $6,548,976. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jennifer L. Wong sold 39,167 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $161.47, for a total value of $6,324,295.49. Following the transaction, the chief operating officer owned 1,088,451 shares of the company’s stock, valued at approximately $175,752,182.97. This represents a 3.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have acquired 61,000 shares of company stock valued at $8,870,815 and have sold 280,441 shares valued at $40,873,759. 34.25% of the stock is currently owned by company insiders.

Key Headlines Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Q1 earnings and revenue beat — Reddit reported EPS of $1.01 (vs. ~$0.62 est.) and revenue of about $663M, a ~69% year‑over‑year jump; ad revenue rose sharply, underscoring improving monetization. Zacks: Reddit Q1 Earnings Beat
• Positive Sentiment: Upbeat near-term guidance — management gave Q2 revenue guidance (~$715M–$725M) above Street expectations, signaling continued ad demand momentum. Reuters: Reddit expects revenue above estimates
• Positive Sentiment: AI-driven ad products & search improvements gaining traction — exec commentary and coverage point to rising advertiser adoption of lower‑funnel, AI-enhanced ad tools and a ~30% YoY increase in weekly search usage, both supporting higher yield per user. Reuters: AI-driven ad growth fuels outlook TechCrunch: People are finally using Reddit’s search
• Positive Sentiment: Analyst support — several firms reaffirmed or raised targets (e.g., Piper Sandler raised its PT to $215; Needham reaffirmed buy with $300 PT; DA Davidson reaffirmed buy at $200), adding buy‑side validation. TickerReport / coverage on Piper Sandler
• Neutral Sentiment: Unusual options activity — traders purchased ~80,316 call options (about +88% vs. typical daily call volume), indicating speculative bullish positioning but not guaranteeing directional follow‑through.
• Neutral Sentiment: Cantor Fitzgerald raised its price target (to $180) but left a neutral rating — a mixed signal: higher target but not a bullish rating change. Benzinga: Cantor Fitzgerald update
• Negative Sentiment: Some analyst conflict and target trimming — Citizens Jmp reduced its target from $250 to $240 (still bullish stance), reflecting differing views on longer‑term upside and leaving room for skepticism about sustainability. Benzinga: Citizens Jmp update

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.