Belpointe Asset Management LLC Acquires New Holdings in Reddit Inc. $RDDT

Belpointe Asset Management LLC acquired a new stake in Reddit Inc. (NYSE:RDDT) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,478 shares of the company’s stock, valued at approximately $373,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in Reddit by 11.1% in the 1st quarter. Vanguard Group Inc. now owns 10,198,552 shares of the company’s stock worth $1,069,828,000 after buying an additional 1,017,162 shares during the period. Alliancebernstein L.P. increased its position in Reddit by 103.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,659,990 shares of the company’s stock worth $593,733,000 after buying an additional 2,871,232 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Reddit by 10.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,073,939 shares of the company’s stock worth $427,357,000 after buying an additional 389,761 shares during the period. JPMorgan Chase & Co. increased its position in Reddit by 98.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,907,495 shares of the company’s stock worth $200,096,000 after buying an additional 944,847 shares during the period. Finally, Scge Management L.P. increased its position in Reddit by 121.1% in the 1st quarter. Scge Management L.P. now owns 1,612,000 shares of the company’s stock worth $169,099,000 after buying an additional 883,000 shares during the period.

Reddit Trading Down 6.2%

Shares of NYSE:RDDT opened at $198.67 on Friday. Reddit Inc. has a 1-year low of $69.74 and a 1-year high of $282.95. The firm has a market capitalization of $37.18 billion, a PE ratio of 180.61, a PEG ratio of 3.23 and a beta of 2.23. The business’s 50 day moving average is $229.29 and its 200-day moving average is $159.25.

Reddit (NYSE:RDDT) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.20 by $0.25. The business had revenue of $499.63 million for the quarter, compared to analyst estimates of $424.07 million. Reddit had a return on equity of 9.93% and a net margin of 12.97%.Reddit’s quarterly revenue was up 77.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) EPS. Reddit has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Reddit Inc. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

RDDT has been the topic of several recent analyst reports. Oppenheimer lifted their price target on Reddit from $215.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Reddit in a research report on Wednesday. Morgan Stanley lifted their price target on Reddit from $170.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Reddit in a research report on Wednesday, October 1st. Finally, Wells Fargo & Company lifted their price objective on Reddit from $155.00 to $174.00 and gave the stock a “cautious” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $203.92.

Insider Buying and Selling

In related news, CFO Andrew Vollero sold 30,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $218.09, for a total value of $6,542,700.00. Following the sale, the chief financial officer owned 284,168 shares of the company’s stock, valued at $61,974,199.12. The trade was a 9.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jennifer L. Wong sold 30,741 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $257.28, for a total value of $7,909,044.48. Following the completion of the sale, the chief operating officer directly owned 1,295,968 shares in the company, valued at approximately $333,426,647.04. This represents a 2.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 411,834 shares of company stock worth $89,323,939 in the last quarter. Corporate insiders own 34.25% of the company’s stock.

Reddit Company Profile

Reddit, Inc operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.