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Truist Financial Corp Increases Stake in Reddit Inc. $RDDT
Truist Financial Corp significantly increased its stake in Reddit Inc. (NYSE:RDDT) by 67.7% in the fourth quarter, bringing its total holdings to 15,659 shares valued at $3.6 million. Other institutional investors also increased their positions. This comes as Reddit reported strong Q4 results, beating EPS and revenue estimates, and analysts maintain a “Moderate Buy” consensus.