36,591 Shares in Reddit Inc. $RDDT Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Reddit Inc. (NYSE:RDDT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 36,591 shares of the company’s stock, valued at approximately $5,212,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RDDT. State Street Corp boosted its holdings in shares of Reddit by 8.7% during the 2nd quarter. State Street Corp now owns 2,979,587 shares of the company’s stock worth $517,197,000 after buying an additional 237,523 shares during the period. Wellington Management Group LLP raised its holdings in Reddit by 21.8% in the 2nd quarter. Wellington Management Group LLP now owns 1,564,535 shares of the company’s stock valued at $271,572,000 after acquiring an additional 280,030 shares during the period. DSM Capital Partners LLC raised its holdings in Reddit by 5.3% in the 1st quarter. DSM Capital Partners LLC now owns 848,206 shares of the company’s stock valued at $114,211,000 after acquiring an additional 42,808 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in Reddit by 74.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 809,063 shares of the company’s stock worth $115,243,000 after acquiring an additional 345,735 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Reddit by 8.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 481,893 shares of the company’s stock worth $83,647,000 after acquiring an additional 39,540 shares during the last quarter.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: KeyCorp raised its FY2026 EPS estimate to $5.41 from $4.90, close to the cited consensus estimate of $5.42. A separate analyst roundup also characterized sentiment toward Reddit as bullish. Analysts Are Bullish on These Communication Services Stocks
• Neutral Sentiment: Commentary described Reddit as recovering from concerns about AI search, while a report discussed broker forecasts for Q4 earnings; the supplied headlines did not provide details on the outlook or forecast changes. Reddit Stock Roars Back From AI Search Scare Brokers Issue Forecasts for Reddit’s Q4 Earnings
• Negative Sentiment: KeyCorp cut its FY2028 EPS estimate to $7.06 from $8.73, pointing to reduced longer-term earnings expectations. Reddit analyst estimates
• Negative Sentiment: Reports said Loop Capital lowered its rating on Reddit and Evercore moved its rating to Hold, adding to pressure on investor sentiment. Loop Capital Lowers Reddit Rating Evercore Lowers Reddit to Hold
• Negative Sentiment: Director Mary Gale sold 3,000 shares for $288,000, reducing her stake by 14.16%, though she retained 18,181 shares. Insider sales can raise concerns but do not by themselves establish a negative outlook. SEC Form 4 filing
• Negative Sentiment: Block & Leviton announced an investigation into potential securities-law violations and invited investors who lost money to contact the firm. The announcement is an allegation/investigation, not a finding of wrongdoing. Block & Leviton Investigation Announcement

Wall Street Analyst Weigh In

RDDT has been the topic of a number of recent research reports. B. Riley Financial lowered their target price on Reddit from $270.00 to $190.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Cantor Fitzgerald decreased their price objective on Reddit from $170.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. Jefferies Financial Group lowered their price objective on Reddit from $200.00 to $155.00 in a research report on Friday, October 30th. JPMorgan Chase & Co. lowered their price objective on Reddit from $185.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Finally, UBS Group reissued a “buy” rating on shares of Reddit in a report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, Reddit has a consensus rating of “Moderate Buy” and an average target price of $180.91.

Insiders Place Their Bets

In other Reddit news, COO Jennifer L. Wong sold 60,000 shares of the business’s stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $150.55, for a total transaction of $9,033,000.00. Following the completion of the transaction, the chief operating officer owned 1,012,226 shares of the company’s stock, valued at approximately $152,390,624.30. The trade was a 5.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Steve Huffman sold 17,308 shares of the stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $158.57, for a total transaction of $2,744,529.56. Following the completion of the transaction, the chief executive officer directly owned 336,432 shares of the company’s stock, valued at $53,348,022.24. This trade represents a 4.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 291,052 shares of company stock valued at $47,166,483. 28.48% of the stock is owned by corporate insiders.

Reddit Price Performance

Shares of RDDT opened at $93.85 on Friday. The firm has a 50 day simple moving average of $145.55 and a two-hundred day simple moving average of $157.31. Reddit Inc. has a one year low of $89.28 and a one year high of $263.50. The company has a market cap of $18.06 billion, a P/E ratio of 19.15, a P/E/G ratio of 0.41 and a beta of 2.28.

Reddit (NYSE:RDDT) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.07. Reddit had a return on equity of 30.57% and a net margin of 32.10%. The company had revenue of $894.96 million for the quarter, compared to analyst estimates of $874.91 million. During the same quarter last year, the company posted $0.80 EPS. The company’s revenue for the quarter was up 53.0% compared to the same quarter last year. On average, analysts expect that Reddit Inc. will post 5.42 earnings per share for the current fiscal year.

About Reddit

Reddit, Inc operates a global online platform where users participate in communities organized around shared interests, topics and activities. Members can submit text posts, links, images and videos, as well as comment on and vote on content. The platform includes thousands of communities, commonly known as subreddits, covering subjects such as news, entertainment, technology, sports, finance and lifestyle.

Reddit generates revenue primarily through digital advertising, offering advertisers access to audiences based on community interests and user engagement.