Vestor Capital LLC Sells 106,066 Shares of Reddit Inc. $RDDT
Vestor Capital LLC trimmed its position in shares of Reddit Inc. (NYSE:RDDT - Free Report) by 99.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 720 shares of the company's stock after selling 106,066 shares during the quarter. Vestor Capital LLC's holdings in Reddit were worth $108,000 at the end of the most recent reporting period. Other hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. raised its holdings in Reddit by 103.0% during the first 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 last quarter. Nordea Investment Management AB increased its position in shares of Reddit by 21,703.0% during the second quarter. Nordea Investment Management AB now owns 1,060,935 shares of the company's stock worth $164,021,000 after acquiring an additional 1,056,069 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 acquiring an additional 1,017,162 shares during the last quarter. JPMorgan Chase & Co. lifted 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 valued at $200,096,000 after acquiring an additional 944,847 shares in the last quarter. Finally, Scge Management L.P. lifted 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 valued at $169,099,000 after acquiring an additional 883,000 shares in the last quarter. Insider Buying and SellingIn other news, COO Jennifer L. Wong sold 30,659 shares of the firm's stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $201.82, for a total transaction of $6,187,599.38. Following the completion of the sale, the chief operating officer owned 1,295,968 shares in the company, valued at $261,552,261.76. This trade represents a 2.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Steve Ladd Huffman sold 18,000 shares of Reddit stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $194.81, for a total transaction of $3,506,580.00. Following the completion of the sale, the chief executive officer directly owned 485,958 shares in the company, valued at $94,669,477.98. This trade represents a 3.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 286,334 shares of company stock worth $63,266,123. Insiders own 34.25% of the company's stock. Wall Street Analyst Weigh InA number of analysts have commented on the company. The Goldman Sachs Group reissued a "neutral" rating and set a $236.00 price objective on shares of Reddit in a report on Tuesday, October 14th. Needham & Company LLC reiterated a "buy" rating and set a $300.00 price target on shares of Reddit in a report on Friday, October 31st. Oppenheimer increased their price target on Reddit from $215.00 to $300.00 and gave the company an "outperform" rating in a research report on Tuesday, September 16th. Cannonball Research restated a "buy" rating on shares of Reddit in a research note on Tuesday, September 23rd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $300.00 target price on shares of Reddit in a research note on Friday, October 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $226.33.Get Our Latest Research Report on RedditReddit Trading Up 0.8%RDDT stock opened at $183.39 on Monday. The stock's fifty day simple moving average is $211.95 and its two-hundred day simple moving average is $180.05. Reddit Inc. has a 1-year low of $79.75 and a 1-year high of $282.95. The stock has a market cap of $34.75 billion, a P/E ratio of 105.40, a P/E/G ratio of 2.02 and a beta of 2.14. Reddit (NYSE:RDDT - Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.30. The firm had revenue of $584.91 million during the quarter, compared to analyst estimates of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The business's revenue was up 67.9% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. Reddit has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Reddit Inc. will post 1.12 earnings per share for the current fiscal year. Reddit Profile (Free Report)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.Featured ArticlesWant to see what other hedge funds are holding RDDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reddit Inc. (NYSE:RDDT - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Before you consider Reddit, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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