Sumitomo Mitsui Trust Group Inc. Increases Holdings in Reddit Inc. $RDDT

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Reddit Inc. (NYSE:RDDT) by 14.8% during the third quarter, HoldingsChannel.com reports. The firm owned 404,913 shares of the company’s stock after purchasing an additional 52,185 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Reddit were worth $93,126,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in RDDT. Resona Asset Management Co. Ltd. grew its holdings in Reddit by 0.3% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 20,201 shares of the company’s stock valued at $3,023,000 after buying an additional 65 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of Reddit by 2.8% in the third quarter. AdvisorNet Financial Inc now owns 2,464 shares of the company’s stock valued at $567,000 after acquiring an additional 66 shares during the period. Kingswood Wealth Advisors LLC grew its stake in Reddit by 5.0% during the third quarter. Kingswood Wealth Advisors LLC now owns 1,439 shares of the company’s stock valued at $331,000 after acquiring an additional 69 shares in the last quarter. Congress Park Capital LLC grew its stake in Reddit by 2.0% during the second quarter. Congress Park Capital LLC now owns 3,885 shares of the company’s stock valued at $585,000 after acquiring an additional 76 shares in the last quarter. Finally, Bienville Capital Management LLC increased its holdings in Reddit by 0.5% during the 2nd quarter. Bienville Capital Management LLC now owns 16,153 shares of the company’s stock worth $2,432,000 after acquiring an additional 76 shares during the period.

Analysts Set New Price Targets

Several research analysts have commented on RDDT shares. B. Riley reissued a “buy” rating and issued a $245.00 price target (up from $235.00) on shares of Reddit in a report on Friday, October 31st. Wall Street Zen cut shares of Reddit from a “buy” rating to a “hold” rating in a report on Saturday. Evercore ISI began coverage on Reddit in a research report on Monday. They issued an “outperform” rating and a $320.00 price objective on the stock. Morgan Stanley boosted their target price on Reddit from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Zacks Research lowered Reddit from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Two 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $238.57.

Key Reddit News

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

Insider Transactions at Reddit

In related news, CEO Steve Ladd Huffman sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $194.81, for a total value of $3,506,580.00. Following the completion of the sale, the chief executive officer owned 485,958 shares in the company, valued at $94,669,477.98. The trade was a 3.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Benjamin Seong Lee sold 55,005 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $221.21, for a total value of $12,167,656.05. Following the completion of the sale, the insider directly owned 62,608 shares of the company’s stock, valued at approximately $13,849,515.68. This represents a 46.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 505,470 shares of company stock valued at $109,018,861. 34.25% of the stock is currently owned by corporate insiders.

Reddit Stock Performance

Shares of NYSE:RDDT opened at $258.92 on Wednesday. The firm 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. Reddit Inc. has a 52-week low of $79.75 and a 52-week high of $282.95. The firm has a fifty day moving average of $220.63 and a 200 day moving average of $209.31.

Reddit (NYSE:RDDT) last released its quarterly 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. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The business had revenue of $584.91 million for the quarter, compared to the consensus estimate of $546.65 million. During the same quarter last year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 67.9% on a year-over-year basis. On average, sell-side analysts forecast that Reddit Inc. will post 1.12 EPS for the current fiscal year.

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.