<div id="readability-page-1"><p>Elwood Capital Partners LP lifted its holdings in shares of  Reddit Inc. (NYSE:RDDT - Free Report) by 72.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor  owned 60,323 shares of the company's stock after acquiring an additional 25,323 shares during the period. Reddit accounts for approximately  7.0% of Elwood Capital Partners LP's investment portfolio, making the stock its 3rd biggest holding. Elwood Capital Partners LP's holdings in Reddit were worth $9,083,000 as of its most recent SEC filing.</p><ul><li>MarketBeat Week in Review – 10/13 - 10/17 </li></ul><p>A number of other institutional investors have also modified their holdings of RDDT. Financial Perspectives Inc purchased a new stake in shares of  Reddit during the 2nd quarter worth approximately $34,000.  Geneos Wealth Management Inc. lifted its position in  Reddit by 344.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company's stock worth $39,000 after acquiring an additional 286 shares in the last quarter.  Advisors Asset Management Inc. grew its stake in shares of  Reddit by 68.2% during the second quarter. Advisors Asset Management Inc. now owns 365 shares of the company's stock valued at $55,000 after acquiring an additional 148 shares in the last quarter.  Western Pacific Wealth Management LP bought a new position in  Reddit during the 2nd quarter valued at $60,000.  Finally, WPG Advisers LLC acquired a new stake in  Reddit during the first quarter valued at approximately $74,000. </p><h2>Insider Activity</h2><p>In other news, COO Jennifer L. Wong sold 63,427 shares of Reddit stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $192.72, for a total transaction of $12,223,651.44. Following the completion of the sale, the chief operating officer owned 1,184,528 shares in the company, valued at $228,282,236.16. The trade was a 5.08% decrease in their position. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through this link. Also, CTO Christopher Brian Slowe sold 14,000 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $233.99, for a total transaction of $3,275,860.00. Following the completion of the sale, the chief technology officer owned 173,694 shares in the company, valued at $40,642,659.06. This represents a 7.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 405,619 shares of company stock valued at $85,742,898. Corporate insiders own  34.25% of the company's stock. </p><h2>Reddit Trading Down 3.9%</h2><ul><li>Is the Reddit-ChatGPT Love Affair Over?</li></ul><p>NYSE RDDT opened at $224.38 on Friday. The company has a market capitalization of $42.52 billion, a price-to-earnings ratio of 128.95, a PEG ratio of 2.58 and a beta of 2.17. Reddit Inc. has a 1-year low of $79.75 and a 1-year high of $282.95. The stock's 50 day moving average is $206.31 and its two-hundred day moving average is $191.00. </p><p>Reddit (NYSE:RDDT - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.80 earnings per share 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 firm had revenue of $584.91 million for the quarter, compared to analysts' expectations of $546.65 million. During the same period in the prior year, the business posted $0.16 earnings per share. The business's revenue was up 67.9% compared to the same quarter last year.  On average, analysts predict that  Reddit Inc. will post 1.12 earnings per share for the current year. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Reddit Hits Record Highs: Why Wall Street Is Taking Notice</li></ul><p>Several research firms have recently commented on RDDT. China Renaissance initiated coverage on Reddit in a report on Tuesday. They set a &#34;buy&#34; rating and a $300.00 target price for the company. Raymond James Financial  reaffirmed a &#34;strong-buy&#34; rating and issued a $250.00 price objective (up previously from $225.00) on shares of Reddit in a research note on Monday, October 20th. The Goldman Sachs Group  reaffirmed a &#34;neutral&#34; rating and set a $236.00 target price on shares of Reddit in a report on Tuesday, October 14th. Cannonball Research  reiterated a &#34;buy&#34; rating on shares of Reddit in a research report on Tuesday, September 23rd. Finally, Oppenheimer increased their price target on shares of Reddit from $215.00 to $300.00 and gave the stock an &#34;outperform&#34; rating in a research report on Tuesday, September 16th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned  a Hold rating and two have issued  a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $230.28.</p><p><b>View Our Latest Stock Report on Reddit</b></p><h2>Reddit Company Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Reddit</li><li>Unveiling The Power Of VWAP: A Key Indicator For Traders</li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li><li>What is the Nikkei 225 index?    </li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li><li>3 Stocks to Consider Buying in October</li><li>Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJERFQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJERFQ"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in Reddit Right Now?</h2><p>Before you consider Reddit, you'll want to hear this.</p><p>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.</p><p>While Reddit currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

RDDT

<p>Elwood Capital Partners LP increased its holdings in Reddit Inc. by 72.4% during Q2, making it their 3rd largest position. The firm now owns 60,323 shares valued at $9.08 million. Other institutional investors also modified their holdings. Reddit's stock price and insider trading activities were highlighted, along with its recent earnings report showing strong growth. Analysts have given positive ratings and increased price targets for Reddit.</p>

Reddit Inc. $RDDT is Elwood Capital Partners LP's 3rd Largest Position