Harel Insurance Investments & Financial Services Ltd. Invests $2.99 Million in Reddit Inc. $RDDT

Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Reddit Inc. (NYSE:RDDT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,000 shares of the company’s stock, valued at approximately $2,990,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RDDT. Norges Bank acquired a new stake in shares of Reddit during the 2nd quarter valued at about $294,254,000. Amundi raised its position in Reddit by 2,060.5% during the second quarter. Amundi now owns 1,307,231 shares of the company’s stock valued at $208,294,000 after acquiring an additional 1,246,725 shares in the last quarter. State Street Corp lifted its stake in Reddit by 138.5% in the second quarter. State Street Corp now owns 2,030,139 shares of the company’s stock valued at $305,678,000 after acquiring an additional 1,178,890 shares during the last quarter. Nordea Investment Management AB grew its position in Reddit by 21,703.0% in the second quarter. Nordea Investment Management AB now owns 1,060,935 shares of the company’s stock worth $164,021,000 after acquiring an additional 1,056,069 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Reddit by 72.1% in the second quarter. Geode Capital Management LLC now owns 1,989,004 shares of the company’s stock worth $299,044,000 after acquiring an additional 833,245 shares in the last quarter.

Reddit Stock Performance

NYSE RDDT opened at $231.33 on Friday. The firm has a 50-day simple moving average of $223.41 and a 200 day simple moving average of $210.72. Reddit Inc. has a twelve month low of $79.75 and a twelve month high of $282.95. The stock has a market cap of $43.84 billion, a PE ratio of 132.95, a PEG ratio of 1.55 and a beta of 2.17.

Reddit (NYSE:RDDT) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.50 by $0.30. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The firm had revenue of $584.91 million during the quarter, compared to analysts’ expectations of $546.65 million. During the same quarter in the prior year, the firm posted $0.16 EPS. The company’s revenue for the quarter was up 67.9% on a year-over-year basis. Research analysts forecast that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RDDT shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $236.00 price objective on shares of Reddit in a research note on Tuesday, October 14th. Cantor Fitzgerald initiated coverage on Reddit in a report on Thursday, January 8th. They set a “neutral” rating and a $240.00 target price on the stock. B. Riley reiterated a “buy” rating and set a $245.00 price target (up previously from $235.00) on shares of Reddit in a research note on Friday, October 31st. Jefferies Financial Group raised their price objective on Reddit from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Finally, Roth Capital set a $210.00 target price on Reddit in a research report on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $238.57.

Insider Activity

In related news, CFO Andrew Vollero sold 3,674 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $261.21, for a total value of $959,685.54. Following the sale, the chief financial officer owned 251,644 shares of the company’s stock, valued at $65,731,929.24. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $230.76, for a total transaction of $4,153,680.00. Following the completion of the transaction, the chief executive officer directly owned 448,576 shares of the company’s stock, valued at $103,513,397.76. This trade represents a 3.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 505,470 shares of company stock valued at $109,018,861. 34.25% of the stock is owned by insiders.

Reddit News Summary

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Strategic partnership: Emplifi integrated Reddit’s Enterprise API, positioning Reddit as a signal in a large marketing platform — this supports enterprise monetization and data-product adoption. Read More.
• Positive Sentiment: Analyst momentum: Wells Fargo raised its target price and Reddit’s momentum metrics surged into a high percentile, which likely attracted momentum and quant buyers. Read More.
• Neutral Sentiment: Earnings date set: Reddit will release Q4 and FY2025 results on Feb 5, giving investors a clear near‑term catalyst for revenue/ads guidance and SMB traction. Read More.
• Neutral Sentiment: Stock is widely watched: Zacks highlights RDDT as a stock drawing investor attention, which can amplify moves around news and analyst notes. Read More.
• Neutral Sentiment: Minor insider sale: Director Andrew Vollero sold 300 shares — a small, likely immaterial transaction. Read More.
• Negative Sentiment: Large insider sale: Reddit’s CFO sold nearly $960k of stock — sizable insider selling can spook investors and raise questions about near‑term conviction. Read More.
• Negative Sentiment: Analyst concerns on SMB ad checks: RBC flagged challenges with small‑business ad checks and mixed ad feedback, pressuring sentiment around ad revenue sustainability. Read More.
• Negative Sentiment: Mixed ad feedback: Multiple outlets report analysts warning of uneven advertiser feedback, which feeds worries about near‑term ad monetization and growth. Read More.
• Negative Sentiment: Recent price weakness: Coverage notes a sharp intraday drop recently and commentary calling the move a significant selloff, reflecting heightened volatility. Read More.
• Negative Sentiment: Broader market trigger: News that shook growth stocks (FDA delay for a major weight‑loss drug) contributed to a stumble in Reddit shares as risk‑on sentiment softened. Read More.
• Negative Sentiment: Retail investor mixed view: After a recent sharp down day, retail traders flagged trouble but some remain bullish — an indicator of potential short‑term volatility as sentiment rebalances. Read More.
• Negative Sentiment: Explanatory coverage: Multiple outlets ran pieces titled that Reddit is “nosediving”—the tone can amplify selling pressure among momentum traders. Read More.

Reddit Company 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.