D1 Capital Partners L.P. Adds $55M in Reddit, Inc. ($RDDT)
Key Points
- D1 Capital Partners L.P. changed its Reddit, Inc. ($RDDT) stake by 16.1% last quarter, boosting to 2,459,151 shares worth $398.83 million.
- Wall Street's consensus rating on $RDDT is Buy and an average price target of $224.92.
- $RDDT last traded around $162.18.
D1 Capital Partners L.P. increased its position in Reddit, Inc. ($RDDT) by 16.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,459,151 shares of Reddit, Inc. after buying 340,554 shares during the quarter. D1 Capital Partners L.P.'s holdings in Reddit, Inc. were worth $398.83 million as of its most recent filing.
Reddit, Inc. ($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.
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