Somerset Trust Co Reduces Stock Position in Reddit Inc. $RDDT

Somerset Trust Co lowered its position in Reddit Inc. (NYSE:RDDT) by 60.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,000 shares of the company’s stock after selling 3,000 shares during the period. Somerset Trust Co’s holdings in Reddit were worth $460,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of RDDT. Alliancebernstein L.P. increased its position in shares of Reddit by 103.0% in the first quarter. Alliancebernstein L.P. now owns 5,659,990 shares of the company’s stock valued at $593,733,000 after buying an additional 2,871,232 shares in the last quarter. Norges Bank acquired a new stake in shares of Reddit in the second quarter valued at approximately $294,254,000. Amundi increased its stake in shares of Reddit by 2,060.5% during the 2nd quarter. Amundi now owns 1,307,231 shares of the company’s stock worth $208,294,000 after purchasing an additional 1,246,725 shares in the last quarter. State Street Corp raised its position in shares of Reddit by 138.5% during the 2nd quarter. State Street Corp now owns 2,030,139 shares of the company’s stock worth $305,678,000 after purchasing an additional 1,178,890 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in Reddit by 21,703.0% during the 2nd quarter. Nordea Investment Management AB now owns 1,060,935 shares of the company’s stock valued at $164,021,000 after buying an additional 1,056,069 shares during the last quarter.

Key Reddit News

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.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. JMP Securities restated a “market outperform” rating and issued a $300.00 price objective on shares of Reddit in a research report on Friday, October 3rd. Oppenheimer upped their target price on shares of Reddit from $215.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. lifted their price target on shares of Reddit from $190.00 to $227.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Robert W. Baird upped their price objective on shares of Reddit from $177.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Finally, Zacks Research raised shares of Reddit from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $230.28.

Insider Buying and Selling

In related news, COO Jennifer L. Wong sold 63,427 shares of the firm’s 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 directly owned 1,184,528 shares in the company, valued at approximately $228,282,236.16. This trade represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Christopher Brian Slowe sold 14,000 shares of Reddit stock in a transaction on Monday, December 8th. The stock was sold at an average price of $233.99, for a total value of $3,275,860.00. Following the completion of the transaction, the chief technology officer owned 173,694 shares in the company, valued at $40,642,659.06. The trade was a 7.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 426,166 shares of company stock worth $87,984,534. 34.25% of the stock is owned by corporate insiders.

Reddit Stock Up 0.8%

RDDT stock opened at $233.21 on Monday. The stock has a market cap of $44.19 billion, a PE ratio of 134.03, a price-to-earnings-growth ratio of 2.57 and a beta of 2.17. The firm’s 50-day simple moving average is $208.53 and its 200 day simple moving average is $196.23. Reddit Inc. has a fifty-two week low of $79.75 and a fifty-two week high of $282.95.

Reddit (NYSE:RDDT) last posted its earnings results on Thursday, October 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.50 by $0.30. The firm had revenue of $584.91 million during the quarter, compared to analysts’ expectations of $546.65 million. Reddit had a net margin of 18.33% and a return on equity of 14.94%. Reddit’s quarterly revenue was up 67.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 EPS. Equities analysts forecast that Reddit Inc. will post 1.12 EPS for the current fiscal year.

Reddit Company 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.