Tiger Global Management Reduces $218M in Reddit, Inc. ($RDDT)
Key Points
- Tiger Global Management changed its Reddit, Inc. ($RDDT) stake by 35.0% last quarter, cutting to 2,500,000 shares worth $405.45 million.
- Wall Street's consensus rating on $RDDT is Buy and an average price target of $224.92.
- $RDDT last traded around $162.18.
Tiger Global Management reduced its position in Reddit, Inc. ($RDDT) by 35.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,500,000 shares of Reddit, Inc. after selling 1,343,915 shares during the quarter. Tiger Global Management's holdings in Reddit, Inc. were worth $405.45 million as of its most recent filing.
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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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