Nordea Investment Management AB Has $253.35 Million Stock Position in Reddit Inc. $RDDT

Nordea Investment Management AB increased its stake in shares of Reddit Inc. (NYSE:RDDT) by 4.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,104,173 shares of the company’s stock after acquiring an additional 43,238 shares during the period. Nordea Investment Management AB’s holdings in Reddit were worth $253,352,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Harbor Investment Advisory LLC acquired a new position in shares of Reddit during the 3rd quarter worth approximately $172,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Reddit by 14.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 404,913 shares of the company’s stock valued at $93,126,000 after buying an additional 52,185 shares during the last quarter. First Horizon Corp bought a new position in shares of Reddit in the third quarter valued at $102,000. MGO One Seven LLC increased its holdings in Reddit by 12.6% during the third quarter. MGO One Seven LLC now owns 9,102 shares of the company’s stock worth $2,093,000 after buying an additional 1,017 shares during the last quarter. Finally, Tanager Wealth Management LLP bought a new stake in Reddit during the third quarter worth $3,639,000.

Insider Transactions at Reddit

In related news, CTO Christopher Brian Slowe sold 24,000 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $192.72, for a total transaction of $4,625,280.00. Following the transaction, the chief technology officer directly owned 175,694 shares of the company’s stock, valued at approximately $33,859,747.68. This trade represents a 12.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Benjamin Seong Lee sold 55,005 shares of Reddit stock in a transaction dated Tuesday, December 16th. The stock was 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 owned 62,608 shares of the company’s stock, valued at $13,849,515.68. This trade represents a 46.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 505,470 shares of company stock worth $109,018,861 over the last quarter. 34.25% of the stock is currently owned by corporate insiders.

Reddit News Summary

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Zacks highlights Reddit’s growing product lineup and AI-driven ad tools as drivers for engagement and revenue growth, supporting a longer-term monetization thesis. Zacks Article
• Positive Sentiment: Cantor Fitzgerald initiated coverage on RDDT, which can raise visibility and liquidity—potentially supporting demand if the initiation is favorable. Coverage Start Article
• Neutral Sentiment: Market focus is on Reddit’s earnings event (Jan. 13); traders are positioning ahead of the report, raising short-term volatility but creating a clear catalyst that could move the stock either way based on results vs. expectations. Forbes Preview
• Neutral Sentiment: Analyst coverage remains broadly constructive (consensus = Moderate Buy, target ≈ $237), which provides a baseline of support but leaves limited near-term upside if results only meet expectations.
• Negative Sentiment: CTO Christopher Slowe sold 14,000 shares (~$3.55M) at ~ $253.88, cutting his stake by ~7.6%; large insider sales from senior tech leadership are being interpreted negatively by the market. Insider Sale – CTO
• Negative Sentiment: CFO Andrew Vollero disclosed multiple recent sales (including 3,674 shares on Jan. 13 and 300 shares on Jan. 9), and outlets aggregate these transactions as several million dollars of insider selling—this cluster is amplifying downside pressure and headline risk. CFO SEC Filing
• Negative Sentiment: Coverage noting that the stock fell roughly ~6% after the wave of insider selling highlights how these disclosures have already impacted price and investor sentiment in the short term. Market Reaction Article

Analysts Set New Price Targets

A number of research analysts have recently commented on RDDT shares. Sanford C. Bernstein lifted their price objective on shares of Reddit from $190.00 to $210.00 and gave the company a “market perform” rating in a research report on Friday, October 31st. Cannonball Research reiterated a “buy” rating on shares of Reddit in a report on Tuesday, September 23rd. Truist Financial set a $270.00 price target on Reddit in a research report on Friday, October 31st. B. Riley reaffirmed a “buy” rating and issued a $245.00 price objective (up from $235.00) on shares of Reddit in a research report on Friday, October 31st. Finally, JMP Securities reiterated a “market outperform” rating and set a $300.00 target price on shares of Reddit in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Reddit currently has an average rating of “Moderate Buy” and a consensus target price of $238.57.

Reddit Stock Up 6.1%

Shares of RDDT stock opened at $258.92 on Wednesday. Reddit Inc. has a 12-month low of $79.75 and a 12-month high of $282.95. The company has a market capitalization of $49.06 billion, a PE ratio of 148.80, a price-to-earnings-growth ratio of 1.64 and a beta of 2.17. The firm has a 50 day moving average price of $220.63 and a two-hundred day moving average price of $209.31.

Reddit (NYSE:RDDT) last announced its earnings results on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.30. The company had revenue of $584.91 million for the quarter, compared to analyst estimates of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The firm’s quarterly revenue was up 67.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. As a group, research analysts expect that Reddit Inc. will post 1.12 EPS for the current 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.