SG Americas Securities LLC Has $5.03 Million Stock Holdings in Reddit Inc. $RDDT

SG Americas Securities LLC decreased its holdings in Reddit Inc. (NYSE:RDDT) by 41.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 21,866 shares of the company’s stock after selling 15,288 shares during the quarter. SG Americas Securities LLC’s holdings in Reddit were worth $5,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Reddit by 6.3% in the second quarter. Vanguard Group Inc. now owns 10,837,215 shares of the company’s stock valued at $1,631,759,000 after buying an additional 638,663 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Reddit by 7.5% during the second quarter. JPMorgan Chase & Co. now owns 2,051,175 shares of the company’s stock worth $308,846,000 after acquiring an additional 143,680 shares in the last quarter. State Street Corp lifted its holdings in shares of Reddit by 138.5% in the second quarter. State Street Corp now owns 2,030,139 shares of the company’s stock worth $305,678,000 after acquiring an additional 1,178,890 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Reddit by 72.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,989,004 shares of the company’s stock valued at $299,044,000 after purchasing an additional 833,245 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Reddit in the 2nd quarter valued at approximately $294,254,000.

Reddit Stock Performance

Shares of NYSE RDDT opened at $244.71 on Friday. The firm has a 50 day moving average price of $218.41 and a two-hundred day moving average price of $207.33. The stock has a market cap of $46.37 billion, a P/E ratio of 140.64, 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.

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

Insider Buying and Selling

In other Reddit news, COO Jennifer L. Wong sold 63,427 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $192.72, for a total value of $12,223,651.44. Following the sale, the chief operating officer owned 1,184,528 shares in the company, valued at approximately $228,282,236.16. The trade was a 5.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Christopher Brian Slowe sold 24,000 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $192.72, for a total value of $4,625,280.00. Following the completion of the sale, the chief technology officer directly owned 175,694 shares of the company’s stock, valued at approximately $33,859,747.68. The trade was a 12.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 505,496 shares of company stock valued at $108,036,192 over the last 90 days. 34.25% of the stock is owned by corporate insiders.

Reddit News Summary

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Third‑party product coverage widening Reddit’s visibility — Ahrefs added Reddit to its Brand Radar tracking (now covers YouTube, TikTok and Reddit), which can increase marketer awareness and make Reddit mentions more actionable for advertisers. This is a modest positive for ad monetization and brand measurement. Ahrefs Adds YouTube and Reddit Tracking to Brand Radar
• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a “neutral” rating and a $240 price target (slightly below current levels). New coverage and a near‑term price target below the market can limit upside but doesn’t signal a change to Reddit’s long‑term growth story; it may contribute to cautious trader positioning. Analyst Coverage Note
• Negative Sentiment: Insider selling by CFO Andrew Vollero — filings show sales on Jan 6 (8,413 shares at ~$252.72) and Jan 7 (500 shares at ~$260.06). While the CFO still holds ~255k shares (valued in the tens of millions), the high‑profile insider sales — particularly the larger Jan 6 block — can send a negative near‑term signal to traders and may weigh on sentiment. Insider Selling: Reddit CFO Sells Shares
• Negative Sentiment: Reputational/ content‑risk coverage — a New York Times podcast discussed misuse of AI tools to push abusive/political content (context includes platforms and moderation challenges). Any spotlight on content or AI‑driven moderation failures can raise advertiser and regulatory concerns, pressuring sentiment until moderation/AI controls are clarified. Grok’s Undressing Scandal + Claude Code Capers

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RDDT shares. Bank of America lifted their price target on shares of Reddit from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Reddit from $190.00 to $227.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. JMP Securities reaffirmed a “market outperform” rating and set a $300.00 target price on shares of Reddit in a research note on Friday, October 3rd. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target on shares of Reddit in a report on Monday, December 29th. Finally, Zacks Research downgraded Reddit from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $232.58.

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.