Stephens Inc. AR Increases Stake in Reddit Inc. $RDDT

Stephens Inc. AR boosted its position in Reddit Inc. (NYSE:RDDT) by 659.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 13,423 shares of the company’s stock after acquiring an additional 11,656 shares during the period. Stephens Inc. AR’s holdings in Reddit were worth $3,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Reddit in the second quarter worth $294,254,000. Amundi increased its stake in Reddit by 2,060.5% in the 2nd quarter. Amundi now owns 1,307,231 shares of the company’s stock worth $208,294,000 after acquiring an additional 1,246,725 shares during the last quarter. State Street Corp raised its holdings in shares of Reddit by 138.5% in the 2nd quarter. State Street Corp now owns 2,030,139 shares of the company’s stock valued at $305,678,000 after acquiring an additional 1,178,890 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Reddit by 21,703.0% in the 2nd quarter. Nordea Investment Management AB now owns 1,060,935 shares of the company’s stock valued at $164,021,000 after acquiring an additional 1,056,069 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Reddit by 72.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,989,004 shares of the company’s stock valued at $299,044,000 after acquiring an additional 833,245 shares during the last quarter.

Insider Activity

In other news, insider Benjamin Seong Lee sold 55,005 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $221.21, for a total transaction of $12,167,656.05. Following the completion of the sale, the insider directly owned 62,608 shares in the company, valued at approximately $13,849,515.68. This represents a 46.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Steve Ladd Huffman sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $194.81, for a total value of $3,506,580.00. Following the transaction, the chief executive officer directly owned 485,958 shares in the company, valued at $94,669,477.98. This trade represents a 3.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 505,470 shares of company stock worth $109,018,861 over the last ninety days. Company insiders own 34.25% of the company’s stock.

Analyst Upgrades and Downgrades

RDDT has been the topic of several research analyst reports. Robert W. Baird upped their price objective on shares of Reddit from $177.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Bank of America boosted their price target on shares of Reddit from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. B. Riley restated a “buy” rating and set a $245.00 price objective (up previously from $235.00) on shares of Reddit in a research report on Friday, October 31st. Morgan Stanley lifted their price objective on shares of Reddit from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, China Renaissance assumed coverage on shares of Reddit in a research report on Tuesday, December 9th. They issued a “buy” rating and a $300.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Reddit currently has a consensus rating of “Moderate Buy” and an average target price of $238.57.

Reddit Stock Up 1.1%

Shares of NYSE:RDDT opened at $231.33 on Friday. The stock has a market cap of $43.84 billion, a PE ratio of 132.95, a PEG ratio of 1.54 and a beta of 2.17. The company’s fifty day moving average is $223.41 and its 200 day moving average is $210.31. Reddit Inc. has a 52 week low of $79.75 and a 52 week high of $282.95.

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

Reddit News Summary

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Strategic partnership: Emplifi integrated Reddit’s Enterprise API, positioning Reddit as a signal in a large marketing platform — this supports enterprise monetization and data-product adoption. Read More.
• Positive Sentiment: Analyst momentum: Wells Fargo raised its target price and Reddit’s momentum metrics surged into a high percentile, which likely attracted momentum and quant buyers. Read More.
• Neutral Sentiment: Earnings date set: Reddit will release Q4 and FY2025 results on Feb 5, giving investors a clear near‑term catalyst for revenue/ads guidance and SMB traction. Read More.
• Neutral Sentiment: Stock is widely watched: Zacks highlights RDDT as a stock drawing investor attention, which can amplify moves around news and analyst notes. Read More.
• Neutral Sentiment: Minor insider sale: Director Andrew Vollero sold 300 shares — a small, likely immaterial transaction. Read More.
• Negative Sentiment: Large insider sale: Reddit’s CFO sold nearly $960k of stock — sizable insider selling can spook investors and raise questions about near‑term conviction. Read More.
• Negative Sentiment: Analyst concerns on SMB ad checks: RBC flagged challenges with small‑business ad checks and mixed ad feedback, pressuring sentiment around ad revenue sustainability. Read More.
• Negative Sentiment: Mixed ad feedback: Multiple outlets report analysts warning of uneven advertiser feedback, which feeds worries about near‑term ad monetization and growth. Read More.
• Negative Sentiment: Recent price weakness: Coverage notes a sharp intraday drop recently and commentary calling the move a significant selloff, reflecting heightened volatility. Read More.
• Negative Sentiment: Broader market trigger: News that shook growth stocks (FDA delay for a major weight‑loss drug) contributed to a stumble in Reddit shares as risk‑on sentiment softened. Read More.
• Negative Sentiment: Retail investor mixed view: After a recent sharp down day, retail traders flagged trouble but some remain bullish — an indicator of potential short‑term volatility as sentiment rebalances. Read More.
• Negative Sentiment: Explanatory coverage: Multiple outlets ran pieces titled that Reddit is “nosediving”—the tone can amplify selling pressure among momentum traders. Read More.

Reddit Profile

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.