Woodson Capital Management LP Has $27.60 Million Position in Reddit Inc. $RDDT

Woodson Capital Management LP reduced its holdings in Reddit Inc. (NYSE:RDDT) by 64.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,000 shares of the company’s stock after selling 213,000 shares during the quarter. Reddit accounts for 5.0% of Woodson Capital Management LP’s portfolio, making the stock its 8th largest position. Woodson Capital Management LP owned about 0.06% of Reddit worth $27,599,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RDDT. Vanguard Group Inc. increased its holdings in shares of Reddit by 6.3% during the second quarter. Vanguard Group Inc. now owns 10,837,215 shares of the company’s stock valued at $1,631,759,000 after purchasing an additional 638,663 shares during the period. JPMorgan Chase & Co. grew its position in Reddit by 7.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,051,175 shares of the company’s stock valued at $308,846,000 after buying an additional 143,680 shares in the last quarter. State Street Corp grew its position in Reddit by 138.5% in the 2nd quarter. State Street Corp now owns 2,030,139 shares of the company’s stock valued at $305,678,000 after buying an additional 1,178,890 shares in the last quarter. Geode Capital Management LLC increased its stake in Reddit by 72.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,989,004 shares of the company’s stock valued at $299,044,000 after buying an additional 833,245 shares during the period. Finally, Norges Bank bought a new stake in shares of Reddit during the 2nd quarter worth about $294,254,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Reddit from $186.00 to $207.00 and gave the company an “equal weight” rating in a report on Monday. Evercore ISI assumed coverage on Reddit in a research report on Monday. They issued an “outperform” rating and a $320.00 target price for the company. Wall Street Zen lowered Reddit from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Raymond James Financial reissued a “strong-buy” rating and issued a $250.00 price objective (up previously from $225.00) on shares of Reddit in a research note on Monday, October 20th. Finally, 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. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $238.57.

Insider Activity at Reddit

In related news, CFO Andrew Vollero sold 3,674 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $261.21, for a total value of $959,685.54. Following the completion of the transaction, the chief financial officer owned 251,644 shares of the company’s stock, valued at approximately $65,731,929.24. This trade represents a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Benjamin Seong Lee sold 3,320 shares of Reddit stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $260.22, for a total transaction of $863,930.40. Following the transaction, the insider owned 62,608 shares in the company, valued at approximately $16,291,853.76. The trade was a 5.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 505,470 shares of company stock valued at $109,018,861. Corporate insiders own 34.25% of the company’s stock.

Reddit Stock Down 9.6%

Shares of NYSE RDDT opened at $228.17 on Friday. The stock’s fifty day simple moving average is $222.67 and its 200 day simple moving average is $209.75. The stock has a market capitalization of $43.24 billion, a price-to-earnings ratio of 131.13, a PEG ratio of 1.70 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 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. The business had revenue of $584.91 million during 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%.Reddit’s revenue for the quarter was up 67.9% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. As a group, analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current year.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Emplifi partnership broadens Reddit’s enterprise distribution and embeds Reddit’s Enterprise API into a major social engagement platform, which could help monetization and brand signal adoption. Emplifi Partners with Reddit
• Positive Sentiment: Wells Fargo raised its price target and cited momentum metrics, which supports investor sentiment and helped justify continued interest despite valuation concerns. Wells Fargo bumps target
• Positive Sentiment: Evercore ISI upgraded Reddit to a “strong-buy,” providing incremental support from the sell-side and another potential demand catalyst. Evercore ISI upgrade (via Zacks)
• Neutral Sentiment: Reddit scheduled its Q4 and full-year 2025 results for Feb. 5, 2026 — an upcoming earnings catalyst that could swing the stock depending on ad trends and guidance. Earnings announcement
• Neutral Sentiment: Zacks and other outlets note elevated retail/investor attention and momentum metrics — this raises volatility risk (higher flows) but also keeps liquidity and interest elevated. Zacks: attracting attention
• Neutral Sentiment: Broader market moves (e.g., headlines about an FDA delay for a major pharma weight-loss drug) contributed to sector/market volatility that coincided with Reddit weakness — an external factor, not company-specific. FDA delay market impact
• Negative Sentiment: RBC and other analysts flagged “challenging” SMB ad checks and mixed advertiser feedback — signaling potential near-term ad revenue softness from small/medium-business demand. RBC: SMB ad checks
• Negative Sentiment: Analysts and media pointed to mixed ad feedback and investor concerns driving the sell-off; several headlines explicitly tie the drop to advertiser signal worries. Mixed ad feedback
• Negative Sentiment: Insider selling: Reddit’s CFO sold about $959.7K of stock, and another executive sold 300 shares — these sales can spook investors even if they’re routine or for diversification. CFO stock sale Andrew Vollero sale
• Negative Sentiment: Multiple outlets summarized the share price decline and investor concern (coverage noting a “nosedive” and the stock dropping despite broad market gains), reinforcing negative sentiment momentum. Zacks: stock drops despite gains

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.