Sumitomo Mitsui DS Asset Management Company Ltd Acquires 5,702 Shares of Reddit Inc. $RDDT

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Reddit Inc. (NYSE:RDDT) by 34.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,359 shares of the company’s stock after purchasing an additional 5,702 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Reddit were worth $5,142,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Reddit by 8,650.0% in the third quarter. GAMMA Investing LLC now owns 175 shares of the company’s stock worth $40,000 after buying an additional 173 shares in the last quarter. Financial Perspectives Inc bought a new stake in Reddit in the 2nd quarter valued at $34,000. Advisors Asset Management Inc. lifted its stake in Reddit by 68.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 365 shares of the company’s stock worth $55,000 after purchasing an additional 148 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Reddit by 344.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock worth $39,000 after purchasing an additional 286 shares in the last quarter. Finally, Western Pacific Wealth Management LP bought a new position in shares of Reddit during the 2nd quarter valued at about $60,000.

Key Stories Impacting Reddit

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

Reddit Stock Performance

NYSE RDDT opened at $244.71 on Monday. The business’s 50 day moving average price is $218.41 and its 200-day moving average price is $207.79. Reddit Inc. has a fifty-two week low of $79.75 and a fifty-two week high of $282.95. The company has a market cap of $46.37 billion, a P/E ratio of 140.64, a P/E/G ratio of 1.64 and a beta of 2.17.

Reddit (NYSE:RDDT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $546.65 million. During the same period in the previous year, the firm earned $0.16 earnings per share. Reddit’s quarterly revenue was up 67.9% compared to the same quarter last year. As a group, equities analysts predict that Reddit Inc. will post 1.12 EPS for the current year.

Wall Street Analysts Forecast Growth

RDDT has been the topic of several research reports. Wall Street Zen cut Reddit from a “buy” rating to a “hold” rating in a report on Saturday. Cannonball Research restated a “buy” rating on shares of Reddit in a report on Tuesday, September 23rd. Jefferies Financial Group lifted their price objective on Reddit from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Roth Capital set a $210.00 target price on Reddit in a research report on Friday, October 31st. Finally, Wells Fargo & Company boosted their price target on shares of Reddit from $155.00 to $174.00 and gave the stock a “cautious” rating in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $232.58.

Insider Buying and Selling

In other Reddit news, COO Jennifer L. Wong sold 39,167 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $234.37, for a total transaction of $9,179,569.79. Following the completion of the transaction, the chief operating officer owned 1,184,528 shares in the company, valued at $277,617,827.36. The trade was a 3.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew Vollero sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $260.06, for a total value of $130,030.00. Following the transaction, the chief financial officer directly owned 255,618 shares in the company, valued at approximately $66,476,017.08. This represents a 0.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 505,496 shares of company stock worth $108,036,192 over the last three months. 34.25% of the stock is currently owned by company insiders.

Reddit 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.