PFA Pension Forsikringsaktieselskab Makes New $12.74 Million Investment in Reddit Inc. $RDDT
PFA Pension Forsikringsaktieselskab acquired a new position in Reddit Inc. (NYSE:RDDT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 54,606 shares of the company's stock, valued at approximately $12,743,000. Several other hedge funds have also bought and sold shares of RDDT. NewEdge Advisors LLC boosted its position in Reddit by 143.3% in the 1st quarter. NewEdge Advisors LLC now owns 7,982 shares of the company's stock worth $837,000 after purchasing an additional 4,701 shares in the last quarter. Empowered Funds LLC purchased a new stake in Reddit in the 1st quarter worth approximately $213,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 worth $22,759,000 after purchasing an additional 111,780 shares in the last quarter. Focus Partners Wealth boosted its position in Reddit by 40.8% in the 1st quarter. Focus Partners Wealth now owns 10,224 shares of the company's stock worth $1,073,000 after purchasing an additional 2,965 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Reddit by 344.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company's stock worth $39,000 after purchasing an additional 286 shares in the last quarter. Key Stories Impacting RedditHere 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 Price PerformanceShares of RDDT stock opened at $166.53 on Monday. The company has a market cap of $31.81 billion, a price-to-earnings ratio of 47.58, a PEG ratio of 1.21 and a beta of 1.85. The stock has a 50 day simple moving average of $144.12 and a 200-day simple moving average of $184.09. Reddit Inc. has a 1-year low of $94.89 and a 1-year high of $282.95. Reddit (NYSE:RDDT - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.39. The business had revenue of $663.41 million during the quarter, compared to the consensus estimate of $607.74 million. Reddit had a return on equity of 26.78% and a net margin of 28.60%.The business's quarterly revenue was up 69.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. Analysts anticipate that Reddit Inc. will post 4.02 earnings per share for the current fiscal year. Analyst Upgrades and DowngradesRDDT has been the topic of several recent research reports. Guggenheim upped their price objective on Reddit from $245.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Cantor Fitzgerald upped their price objective on Reddit from $170.00 to $180.00 and gave the stock a "neutral" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $285.00 price objective on shares of Reddit in a research report on Tuesday, January 20th. DA Davidson reaffirmed a "buy" rating and set a $200.00 target price on shares of Reddit in a research note on Friday. Finally, Citigroup reaffirmed an "outperform" rating on shares of Reddit in a research note on Friday. Eighteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $228.61.Get Our Latest Analysis on RDDTInsiders Place Their BetsIn other Reddit news, COO Jennifer L. Wong sold 39,167 shares of the firm's 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 in the company, valued at approximately $175,752,182.97. This trade represents a 3.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Steve Ladd Huffman sold 18,000 shares of the firm's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $145.12, for a total value of $2,612,160.00. Following the completion of the transaction, the chief executive officer owned 411,195 shares in the company, valued at $59,672,618.40. The trade was a 4.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders acquired 61,000 shares of company stock valued at $8,870,815 and sold 280,441 shares valued at $40,873,759. 34.25% of the stock is currently owned by company insiders. About Reddit (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.See AlsoThis 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.Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report
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