Baillie Gifford Adds $215M in Reddit, Inc. ($RDDT)
Key Points
- Baillie Gifford changed its Reddit, Inc. ($RDDT) stake by 22.2% last quarter, boosting to 7,309,109 shares worth $1.19 billion.
- Wall Street's consensus rating on $RDDT is Buy and an average price target of $224.92.
- $RDDT last traded around $162.18.
Baillie Gifford increased its position in Reddit, Inc. ($RDDT) by 22.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,309,109 shares of Reddit, Inc. after buying 1,328,191 shares during the quarter. Baillie Gifford's holdings in Reddit, Inc. were worth $1.19 billion as of its most recent filing.
Reddit, Inc. ($RDDT) Stock
Reddit, Inc. Earnings
Analysts Set New Price Targets
About Reddit, Inc.
Reddit, Inc. operates a digital community in the United States and internationally. The company's platform enables user to engage in conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share laughs, and find belonging. It also 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. Reddit, Inc. was founded in 2005 and is headquartered in San Francisco, California.
See Also
This instant news alert was generated by automated narrative technology and financial data from Trueearnings and public regulatory filings. It is for informational purposes only and is not financial advice.