Reddit Inc. $RDDT Shares Acquired by Northwestern Mutual Wealth Management Co.

Posted by Brian Himes on May 20th, 2026

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Reddit Inc. (NYSE:RDDT – Free Report) by 788.4% in the 4th quarter, HoldingsChannel reports. The fund owned 81,528 shares of the company’s stock after buying an additional 72,351 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Reddit were worth $18,741,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Resona Asset Management Co. Ltd. boosted its position in shares of Reddit by 53.2% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 30,944 shares of the company’s stock worth $7,166,000 after acquiring an additional 10,743 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Reddit by 12.9% during the 3rd quarter. Vanguard Group Inc. now owns 12,238,508 shares of the company’s stock worth $2,814,734,000 after acquiring an additional 1,401,293 shares in the last quarter. Optimize Financial Inc acquired a new position in shares of Reddit during the 3rd quarter worth about $1,420,000. Truist Financial Corp boosted its position in shares of Reddit by 67.7% during the 4th quarter. Truist Financial Corp now owns 15,659 shares of the company’s stock worth $3,600,000 after acquiring an additional 6,321 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its position in shares of Reddit by 63.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 32,003 shares of the company’s stock worth $7,357,000 after acquiring an additional 12,398 shares in the last quarter.

Insiders Place Their Bets

In other Reddit news, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $157.15, for a total transaction of $2,828,700.00. Following the completion of the sale, the chief executive officer directly owned 411,195 shares of the company’s stock, valued at approximately $64,619,294.25. This trade represents a 4.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Christopher Brian Slowe sold 15,500 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $150.67, for a total value of $2,335,385.00. Following the sale, the chief technology officer directly owned 38,413 shares of the company’s stock, valued at $5,787,686.71. The trade was a 28.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 286,977 shares of company stock valued at $42,579,659. 34.25% of the stock is owned by company insiders.

Reddit Stock Down 2.7%

Shares of NYSE RDDT opened at $154.76 on Wednesday. The stock has a market cap of $29.79 billion, a PE ratio of 44.22 and a beta of 1.85. Reddit Inc. has a 52-week low of $94.89 and a 52-week high of $282.95. The business has a 50-day moving average price of $147.08 and a 200 day moving average price of $180.52.

Reddit (NYSE:RDDT – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.39. The firm had revenue of $663.41 million during the quarter, compared to analysts’ expectations of $607.74 million. Reddit had a return on equity of 25.48% and a net margin of 28.60%.The business’s revenue was up 69.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Sell-side analysts anticipate that Reddit Inc. will post 4.83 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on RDDT. Roth Mkm upped their price objective on Reddit from $210.00 to $215.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. decreased their target price on Reddit from $227.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $285.00 target price on shares of Reddit in a research report on Tuesday, January 20th. Citizens Jmp decreased their target price on Reddit from $250.00 to $240.00 and set a “market outperform” rating for the company in a research report on Friday, May 1st. Finally, Rothschild & Co Redburn set a $110.00 target price on Reddit in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Reddit presently has an average rating of “Moderate Buy” and an average price target of $228.61.

Read Our Latest Analysis on RDDT

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.