Meadowbrook Wealth Management LLC Invests $918,000 in Reddit Inc. $RDDT

Meadowbrook Wealth Management LLC acquired a new position in Reddit Inc. (NYSE:RDDT) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 3,991 shares of the company’s stock, valued at approximately $918,000. Reddit makes up about 1.0% of Meadowbrook Wealth Management LLC’s holdings, making the stock its 29th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in RDDT. Financial Perspectives Inc purchased a new position in shares of Reddit during the 2nd quarter worth approximately $34,000. Geneos Wealth Management Inc. grew its holdings in Reddit by 344.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after buying an additional 286 shares during the last quarter. GAMMA Investing LLC increased its position in Reddit by 8,650.0% during the third quarter. GAMMA Investing LLC now owns 175 shares of the company’s stock worth $40,000 after buying an additional 173 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Reddit by 68.2% in the second quarter. Advisors Asset Management Inc. now owns 365 shares of the company’s stock worth $55,000 after acquiring an additional 148 shares during the last quarter. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of Reddit in the second quarter valued at $60,000.

Analyst Ratings Changes

A number of research firms recently commented on RDDT. Bank of America lifted their price objective on Reddit from $180.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Sanford C. Bernstein lifted their price target on shares of Reddit from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Friday, October 31st. B. Riley reissued a “buy” rating and issued a $245.00 price objective (up previously from $235.00) on shares of Reddit in a research report on Friday, October 31st. JMP Securities restated a “market outperform” rating and set a $300.00 target price on shares of Reddit in a research report on Friday, October 3rd. Finally, Wall Street Zen upgraded Reddit from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Reddit currently has a consensus rating of “Moderate Buy” and an average target price of $230.28.

Reddit Stock Up 0.8%

NYSE:RDDT opened at $233.21 on Friday. The company has a market cap of $44.19 billion, a P/E ratio of 134.03, a P/E/G ratio of 2.55 and a beta of 2.17. The firm’s 50 day moving average is $208.53 and its two-hundred day moving average is $195.10. Reddit Inc. has a fifty-two week low of $79.75 and a fifty-two week high of $282.95.

Reddit (NYSE:RDDT) last issued 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. The firm had revenue of $584.91 million for the quarter, compared to analysts’ expectations of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The firm’s revenue for the quarter was up 67.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. Research analysts forecast that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Reddit

In related news, COO Jennifer L. Wong sold 63,427 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $192.72, for a total transaction of $12,223,651.44. Following the completion of the sale, the chief operating officer owned 1,184,528 shares of the company’s stock, valued at approximately $228,282,236.16. This represents a 5.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steve Ladd Huffman sold 18,000 shares of Reddit stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $220.28, for a total transaction of $3,965,040.00. Following the transaction, the chief executive officer directly owned 448,576 shares in the company, valued at approximately $98,812,321.28. This trade represents a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 479,374 shares of company stock worth $101,673,634. Company insiders own 34.25% of the company’s stock.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: MarketBeat’s TL;DR highlights rapid DAU/WAU expansion, strong Q3 revenue and EPS beats, and sizable international growth — a narrative supporting further ad monetization and ARPU expansion heading into 2026. Read More.
• Positive Sentiment: Analyst activity is constructive: several firms have raised targets or maintained buy ratings (Jefferies, China Renaissance initiation, others cited), implying upside relative to consensus and helping investor confidence. (See MarketBeat piece above for coverage of recent price-target moves.)
• Positive Sentiment: Softer inflation / macro headlines are improving the investment case for growth and ad-driven names; coverage argues that easing inflation expectations can re-rate Reddit by reducing discount-rate concerns and supporting ad budgets. Read More.
• Neutral Sentiment: Stories noting what Wall Street will watch in 2026 (product/monetization, ARPU, international expansion) underscore catalysts but don’t add immediate data-driven moves; useful for medium-term thesis rather than intraday action. Read More.
• Neutral Sentiment: News that a Reddit post helped surface a tip in a university shooting investigation highlights the platform’s real-world reach — a reputational datapoint that can be framed positively for engagement but also raises ongoing moderation and liability considerations. Read More.
• Negative Sentiment: Large insider sales: Benjamin Seong Lee sold 55,005 shares (Dec. 16) and 18,750 shares (Dec. 18) across recent transactions; CEO Steve Huffman also sold 18,000 shares (Dec. 15). The size and frequency of these sales can create short-term selling pressure and raise investor questions about timing of liquidity events. Read More.

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.