Teacher Retirement System of Texas Acquires 70,427 Shares of Reddit Inc. $RDDT
Teacher Retirement System of Texas lifted its stake in Reddit Inc. (NYSE:RDDT - Free Report) by 74.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,103 shares of the company's stock after acquiring an additional 70,427 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of Reddit worth $37,972,000 at the end of the most recent reporting period. Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Reddit by 6.3% in the 2nd quarter. Vanguard Group Inc. now owns 10,837,215 shares of the company's stock worth $1,631,759,000 after purchasing an additional 638,663 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Reddit by 7.5% during the second quarter. JPMorgan Chase & Co. now owns 2,051,175 shares of the company's stock valued at $308,846,000 after buying an additional 143,680 shares during the last quarter. State Street Corp lifted its stake in shares of Reddit by 138.5% in the second quarter. State Street Corp now owns 2,030,139 shares of the company's stock valued at $305,678,000 after buying an additional 1,178,890 shares during the period. Geode Capital Management LLC lifted its stake in shares of Reddit by 72.1% in the second quarter. Geode Capital Management LLC now owns 1,989,004 shares of the company's stock valued at $299,044,000 after buying an additional 833,245 shares during the period. Finally, Norges Bank acquired a new stake in Reddit during the second quarter worth about $294,254,000. Reddit Price PerformanceShares of RDDT stock opened at $218.47 on Friday. The stock's fifty day simple moving average is $225.46 and its 200 day simple moving average is $212.54. Reddit Inc. has a one year low of $79.75 and a one year high of $282.95. The firm has a market cap of $41.40 billion, a price-to-earnings ratio of 125.56, a P/E/G ratio of 1.46 and a beta of 2.17. Reddit (NYSE:RDDT - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.30. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The company had revenue of $584.91 million during the quarter, compared to analysts' expectations of $546.65 million. During the same period last year, the business earned $0.16 earnings per share. The business's revenue was up 67.9% on a year-over-year basis. On average, research analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current year. Analysts Set New Price TargetsSeveral research firms have commented on RDDT. Wall Street Zen cut Reddit from a "buy" rating to a "hold" rating in a report on Saturday, January 10th. Needham & Company LLC restated a "buy" rating and set a $300.00 price objective on shares of Reddit in a research report on Monday, December 29th. Wells Fargo & Company upped their target price on Reddit from $186.00 to $207.00 and gave the company an "equal weight" rating in a research note on Monday, January 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $236.00 target price on shares of Reddit in a research report on Tuesday, October 14th. Finally, Roth Mkm set a $210.00 price target on shares of Reddit in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Reddit has an average rating of "Moderate Buy" and a consensus target price of $245.18.Read Our Latest Stock Report on RedditMore Reddit NewsHere are the key news stories impacting Reddit this week:
Positive Sentiment: Guggenheim reaffirmed a "buy" and set a $245 price target, implying meaningful upside from current levels and providing concrete analyst support for the rally. Guggenheim Buy Rating / Benzinga
Positive Sentiment: A bullish Seeking Alpha note draws parallels between Reddit's current monetization and early-2012 Facebook, projecting large upside if user and ARPU trends persist — a narrative that fuels long-term growth expectations. Reddit: Parallels To 2012 Facebook
Positive Sentiment: High-visibility endorsements — notably Jim Cramer saying he "likes the company right here" and articles highlighting reasons investors favor Reddit — are lifting sentiment among retail investors. Jim Cramer Likes Reddit
Neutral Sentiment: Analyst commentary is shifting: some pieces describe a rewriting of the price-target narrative as new estimates and multipliers are debated — this limits volatility but keeps the stock sensitive to upgrades/downgrades. Shifting Price Target Narrative / Yahoo Finance
Neutral Sentiment: Valuation checks after recent share swings highlight high P/E and expected EPS growth; these analyses frame upside scenarios but also underline sensitivity to execution and ARPU trajectory. Valuation Check / Yahoo Finance
Negative Sentiment: Insider selling by COO Jennifer L. Wong (multiple filings showing sizable share disposals) has weighed on sentiment and was cited as a driver of earlier price weakness; investors watch whether sales continue. COO Insider Sale / SEC Filing
Negative Sentiment: Coverage noting a pullback tied to insider selling (reported ~4.4% drop) underscores short-term downside risk if sentiment flips or if growth guidance disappoints. Stock Down on Insider Selling / American Banking News
Negative Sentiment: Critical analysis warns Reddit must grow at Meta-like scale to justify rich multiples and notes tougher competitive/monetization challenges, keeping execution risk top of mind for investors. Growth Challenges / Seeking Alpha
Insider ActivityIn other Reddit news, COO Jennifer L. Wong sold 63,427 shares of the business's stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $192.72, for a total value of $12,223,651.44. Following the transaction, the chief operating officer directly owned 1,184,528 shares in the company, valued at $228,282,236.16. The trade was a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Christopher Brian Slowe sold 24,000 shares of the company's stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $192.72, for a total transaction of $4,625,280.00. Following the sale, the chief technology officer directly owned 175,694 shares in the company, valued at $33,859,747.68. This represents a 12.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 509,511 shares of company stock valued at $111,394,344. Company insiders own 34.25% of the company's stock. Reddit Profile (Free Report)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.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. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Reddit wasn't on the list.While Reddit currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.Discover the 10 Best High-Yield Dividend Stocks for 2026 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.Get This Free Report
