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reddit sees significant institutional investment growth amid fluctuating stock ratings

Jennison Associates LLC acquired a stake in Reddit valued at $494.9 million, while AllianceBernstein L.P. increased its holdings by over 1,000% to 2.8 million shares worth $455.8 million. Point72 Asset Management and Holocene Advisors also significantly raised their positions in the company. Reddit's stock has seen a price target adjustment from Wells Fargo, lowering it to $158, with a current average rating of "Moderate Buy." The company reported an EPS of $0.36, exceeding estimates, despite a negative net margin of 37.25%.
MarketBeat
Jennison Associates LLC Wells Fargo & Company Holocene Advisors LP USA Dave Habiger Show more
Business & Industry, Market Report
08:21 01.04.2025
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