<div id="readability-page-1"><p>Polianta Ltd lessened its position in  Reddit Inc. (NYSE:RDDT - Free Report) by 47.1% during the third quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The fund owned 5,500 shares of the company's stock after selling 4,900 shares during the period. Polianta Ltd's holdings in Reddit were worth $1,264,000 at the end of the most recent reporting period.</p><ul><li>TL;DR: Why Reddit is the New Growth Stock to Beat</li></ul><p>A number of other large investors have also recently modified their holdings of the stock. Resona Asset Management Co. Ltd. lifted its position in  Reddit by 0.3% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 20,201 shares of the company's stock valued at $3,023,000 after acquiring an additional 65 shares during the period.  AdvisorNet Financial Inc increased its stake in shares of  Reddit by 2.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,464 shares of the company's stock worth $567,000 after purchasing an additional 66 shares in the last quarter.  Congress Park Capital LLC increased its position in  Reddit by 2.0% in the second quarter. Congress Park Capital LLC now owns 3,885 shares of the company's stock worth $585,000 after buying an additional 76 shares in the last quarter.  Bienville Capital Management LLC lifted its holdings in  Reddit by 0.5% during the second quarter. Bienville Capital Management LLC now owns 16,153 shares of the company's stock valued at $2,432,000 after purchasing an additional 76 shares in the last quarter.  Finally, Platinum Investment Management Ltd. lifted its position in shares of  Reddit by 4.3% in the second quarter. Platinum Investment Management Ltd. now owns 2,322 shares of the company's stock valued at $350,000 after acquiring an additional 95 shares in the last quarter. </p><h2>Insiders Place Their Bets</h2><p>In other Reddit news, CTO Christopher Brian Slowe sold 14,000 shares of Reddit stock in a transaction on Monday, December 8th. The shares were sold at an average price of $233.99, for a total value of $3,275,860.00. Following the transaction, the chief technology officer owned 173,694 shares in the company, valued at $40,642,659.06. This trade represents a 7.46% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of the company's stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $220.28, for a total value of $3,965,040.00. Following the sale, the chief executive officer owned 448,576 shares of the company's stock, valued at $98,812,321.28. This represents a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 465,333 shares of company stock valued at $97,164,104. Corporate insiders own  34.25% of the company's stock. </p><h2>Reddit Stock Performance</h2><ul><li>MarketBeat Week in Review – 10/13 - 10/17 </li></ul><p>NYSE RDDT opened at $226.16 on Friday. 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 $42.86 billion, a PE ratio of 129.97, a P/E/G ratio of 2.49 and a beta of 2.17. The firm's fifty day moving average is $210.74 and its two-hundred day moving average is $198.21. </p><p>Reddit (NYSE:RDDT - Get Free Report) last released its earnings results on Thursday, October 30th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.30. The company had revenue of $584.91 million during the quarter, compared to the consensus estimate of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.Reddit's quarterly revenue was up 67.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share.  Research analysts predict that  Reddit Inc. will post 1.12 earnings per share for the current year. </p><h2>Analysts Set New Price Targets</h2><ul><li>Is the Reddit-ChatGPT Love Affair Over?</li></ul><p>RDDT has been the topic of several analyst reports. Needham &amp; Company LLC  reiterated a &#34;buy&#34; rating and set a $300.00 price target on shares of Reddit in a report on Tuesday. Weiss Ratings  reissued a &#34;hold (c-)&#34; rating on shares of Reddit in a research note on Monday. Royal Bank Of Canada  restated a &#34;sector perform&#34; rating on shares of Reddit in a report on Wednesday, October 1st. Zacks Research upgraded Reddit from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Wednesday, October 29th. Finally, Sanford C. Bernstein raised their target price on Reddit from $190.00 to $210.00 and gave the company a &#34;market perform&#34; rating in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned  a Buy rating, nine have given a Hold rating and two have assigned  a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of &#34;Moderate Buy&#34; and an average price target of $230.28.</p><p><b>Get Our Latest Stock Report on Reddit</b></p><h2>Reddit Profile</h2> (Free Report)<p>Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called &#34;subreddits,&#34; 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.  </p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Reddit</li><li>Turn your &#34;dead money&#34; into $306+ monthly (starting this month)</li><li>$100 Trillion “AI Metal” Found in American Ghost Town</li><li>Washington prepares for war</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>Do you know what Amazon is planning for January 1?</li></ul><p><strong>Want to see what other hedge funds are holding RDDT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reddit Inc. (NYSE:RDDT - Free Report).</p><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>Polianta Ltd reduced its stake in Reddit Inc. by 47.1% in Q3, selling 4,900 shares. The fund now holds 5,500 shares worth $1,264,000. Other investors also adjusted their holdings. Reddit's stock performance showed a significant increase in quarterly revenue and earnings. Insiders sold substantial shares recently. Analysts have mixed ratings on Reddit, with some setting high price targets.</p>

Polianta Ltd Sells 4,900 Shares of Reddit Inc. $RDDT