Jennison Associates LLC Has $278,000 Stock Position in Reddit Inc. $RDDT

Posted by Brian Himes on Jul 24th, 2026

Jennison Associates LLC lowered its holdings in shares of Reddit Inc. (NYSE:RDDT – Free Report) by 66.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,063 shares of the company’s stock after selling 4,053 shares during the period. Jennison Associates LLC’s holdings in Reddit were worth $278,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in Reddit by 143.3% in the first quarter. NewEdge Advisors LLC now owns 7,982 shares of the company’s stock valued at $837,000 after buying an additional 4,701 shares during the period. Empowered Funds LLC bought a new position in shares of Reddit during the 1st quarter worth approximately $213,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Reddit by 106.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 216,960 shares of the company’s stock worth $22,759,000 after acquiring an additional 111,780 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Reddit by 40.8% during the 1st quarter. Focus Partners Wealth now owns 10,224 shares of the company’s stock worth $1,073,000 after acquiring an additional 2,965 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in 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.

Reddit Trading Down 0.9%

NYSE:RDDT opened at $168.77 on Friday. The stock has a 50 day simple moving average of $174.46 and a 200 day simple moving average of $167.68. The stock has a market cap of $32.49 billion, a P/E ratio of 48.22 and a beta of 1.93. Reddit Inc. has a 1-year low of $119.27 and a 1-year high of $282.95.

Reddit (NYSE:RDDT – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.39. The firm had revenue of $663.41 million for the quarter, compared to analyst estimates of $607.74 million. Reddit had a return on equity of 25.48% and a net margin of 28.60%.The company’s revenue for the quarter was up 69.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. As a group, sell-side analysts forecast that Reddit Inc. will post 4.85 EPS for the current year.

Insider Activity

In related news, COO Jennifer L. Wong sold 39,166 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $176.94, for a total value of $6,930,032.04. Following the transaction, the chief operating officer directly owned 1,050,339 shares in the company, valued at approximately $185,846,982.66. This represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michelle Marie Reynolds sold 808 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $200.00, for a total transaction of $161,600.00. Following the transaction, the chief accounting officer directly owned 15,060 shares in the company, valued at approximately $3,012,000. This represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 169,141 shares of company stock valued at $28,680,845. 28.48% of the stock is owned by company insiders.

Key Stories Impacting Reddit

Here are the key news stories impacting Reddit this week:

Positive Sentiment: DA Davidson reaffirmed its buy rating on Reddit and set a $200 price target, implying upside from current levels. Benzinga
Neutral Sentiment: Wall Street expects Reddit to report earnings growth in next week’s results, but Zacks noted the stock does not currently have the ideal setup for a likely earnings beat. Zacks
Neutral Sentiment: Some coverage framed the recent pullback as either a buying opportunity or a valuation risk, reflecting debate over whether the stock’s premium is justified after its strong run. Yahoo Finance
Negative Sentiment: Reports that Reddit may rethink its $60 million Google AI deal have raised concerns that a renewal delay or dispute could weaken a key licensing relationship. Yahoo Finance
Negative Sentiment: Investors are also reacting to fears that Google’s AI summaries could reduce traffic to Reddit, which would pressure the platform’s advertising economics and near-term growth narrative. CNBC

Analyst Upgrades and Downgrades

RDDT has been the subject of several research reports. Jefferies Financial Group set a $250.00 price target on Reddit in a report on Friday, July 10th. Piper Sandler reissued an “overweight” rating and issued a $215.00 price objective on shares of Reddit in a research report on Thursday, July 9th. The Goldman Sachs Group reissued a “neutral” rating and issued a $200.00 price objective on shares of Reddit in a research report on Friday, May 1st. Wall Street Zen cut shares of Reddit from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Bank of America reduced their target price on shares of Reddit from $205.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Nineteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.48.

Read Our Latest Stock Analysis on Reddit

Reddit Company Profile

(Free Report)

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.