Integrated Wealth Concepts LLC Has $841,000 Stock Holdings in Reddit Inc. $RDDT

Integrated Wealth Concepts LLC lowered its position in shares of Reddit Inc. (NYSE:RDDT) by 52.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,016 shares of the company’s stock after selling 8,990 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Reddit were worth $841,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RDDT. Comerica Bank increased its position in shares of Reddit by 122,300.0% during the 4th quarter. Comerica Bank now owns 3,672 shares of the company’s stock worth $600,000 after purchasing an additional 3,669 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Reddit during the 4th quarter worth about $226,000. Captrust Financial Advisors acquired a new stake in shares of Reddit during the 4th quarter worth about $305,000. Cetera Investment Advisers increased its position in shares of Reddit by 94.3% during the 4th quarter. Cetera Investment Advisers now owns 7,258 shares of the company’s stock worth $1,186,000 after purchasing an additional 3,523 shares in the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of Reddit by 3,500.0% during the 4th quarter. CoreCap Advisors LLC now owns 360 shares of the company’s stock worth $59,000 after purchasing an additional 350 shares in the last quarter.

Insider Activity at Reddit

In other news, CTO Christopher Brian Slowe sold 14,000 shares of Reddit stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $236.51, for a total transaction of $3,311,140.00. Following the completion of the sale, the chief technology officer owned 210,534 shares in the company, valued at $49,793,396.34. The trade was a 6.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of Reddit stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $223.41, for a total transaction of $4,021,380.00. Following the sale, the chief executive officer owned 494,104 shares of the company’s stock, valued at approximately $110,387,774.64. This represents a 3.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 500,777 shares of company stock worth $88,572,016 over the last 90 days. Insiders own 34.25% of the company’s stock.

Reddit Trading Up 0.5%

RDDT opened at $260.40 on Friday. The stock has a market capitalization of $48.74 billion, a PE ratio of 236.73, a PEG ratio of 4.11 and a beta of 2.40. Reddit Inc. has a 1-year low of $57.22 and a 1-year high of $266.64. The firm has a 50-day moving average price of $194.36 and a two-hundred day moving average price of $145.16.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JMP Securities increased their target price on shares of Reddit from $180.00 to $225.00 and gave the stock a “market outperform” rating in a research report on Friday, August 1st. Loop Capital cut their price target on Reddit from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, June 12th. Morgan Stanley raised their price objective on shares of Reddit from $170.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Jefferies Financial Group raised their price objective on shares of Reddit from $230.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Citigroup raised their price objective on shares of Reddit from $158.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Reddit has an average rating of “Moderate Buy” and an average price target of $180.58.

About Reddit

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.