Nordea Investment Management AB Has $253.35 Million Stock Holdings in Reddit Inc. $RDDT

Nordea Investment Management AB grew its stake in Reddit Inc. (NYSE:RDDT) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,104,173 shares of the company’s stock after purchasing an additional 43,238 shares during the quarter. Nordea Investment Management AB owned about 0.59% of Reddit worth $253,352,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Reddit by 8,650.0% in the third quarter. GAMMA Investing LLC now owns 175 shares of the company’s stock valued at $40,000 after purchasing an additional 173 shares during the last quarter. Financial Perspectives Inc acquired a new position in shares of Reddit during the 2nd quarter worth about $34,000. Advisors Asset Management Inc. increased its stake in shares of Reddit by 68.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 365 shares of the company’s stock valued at $55,000 after acquiring an additional 148 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Reddit by 344.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after acquiring an additional 286 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of Reddit in the 2nd quarter valued at approximately $60,000.

Reddit News Roundup

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Zacks highlights Reddit’s growing product lineup and AI-driven ad tools as drivers for engagement and revenue growth, supporting a longer-term monetization thesis. Zacks Article
• Positive Sentiment: Cantor Fitzgerald initiated coverage on RDDT, which can raise visibility and liquidity—potentially supporting demand if the initiation is favorable. Coverage Start Article
• Neutral Sentiment: Market focus is on Reddit’s earnings event (Jan. 13); traders are positioning ahead of the report, raising short-term volatility but creating a clear catalyst that could move the stock either way based on results vs. expectations. Forbes Preview
• Neutral Sentiment: Analyst coverage remains broadly constructive (consensus = Moderate Buy, target ≈ $237), which provides a baseline of support but leaves limited near-term upside if results only meet expectations.
• Negative Sentiment: CTO Christopher Slowe sold 14,000 shares (~$3.55M) at ~ $253.88, cutting his stake by ~7.6%; large insider sales from senior tech leadership are being interpreted negatively by the market. Insider Sale – CTO
• Negative Sentiment: CFO Andrew Vollero disclosed multiple recent sales (including 3,674 shares on Jan. 13 and 300 shares on Jan. 9), and outlets aggregate these transactions as several million dollars of insider selling—this cluster is amplifying downside pressure and headline risk. CFO SEC Filing
• Negative Sentiment: Coverage noting that the stock fell roughly ~6% after the wave of insider selling highlights how these disclosures have already impacted price and investor sentiment in the short term. Market Reaction Article

Insider Transactions at Reddit

In other news, COO Jennifer L. Wong sold 39,167 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $234.37, for a total value of $9,179,569.79. Following the sale, the chief operating officer owned 1,184,528 shares of the company’s stock, valued at $277,617,827.36. The trade was a 3.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $230.76, for a total transaction of $4,153,680.00. Following the transaction, the chief executive officer owned 448,576 shares of the company’s stock, valued at $103,513,397.76. The trade was a 3.86% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 505,470 shares of company stock worth $109,018,861. Corporate insiders own 34.25% of the company’s stock.

Reddit Trading Up 6.1%

RDDT stock opened at $258.92 on Wednesday. The stock has a 50-day moving average price of $220.63 and a two-hundred day moving average price of $209.31. Reddit Inc. has a 1 year low of $79.75 and a 1 year high of $282.95. The stock has a market cap of $49.06 billion, a PE ratio of 148.80, a price-to-earnings-growth ratio of 1.64 and a beta of 2.17.

Reddit (NYSE:RDDT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.30. The company had revenue of $584.91 million for the quarter, compared to analyst estimates of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The company’s quarterly revenue was up 67.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 earnings per share. On average, analysts forecast that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Reddit from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Tuesday. JMP Securities reissued a “market outperform” rating and issued a $300.00 price target on shares of Reddit in a report on Friday, October 3rd. Raymond James Financial restated a “strong-buy” rating and issued a $250.00 price objective (up previously from $225.00) on shares of Reddit in a research report on Monday, October 20th. Zacks Research downgraded Reddit from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, Citigroup boosted their target price on Reddit from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $238.57.

About Reddit

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.