B. Riley Wealth Advisors Inc. Cuts Holdings in Reddit Inc. $RDDT

B. Riley Wealth Advisors Inc. lessened its position in Reddit Inc. (NYSE:RDDT) by 42.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,208 shares of the company’s stock after selling 14,014 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Reddit were worth $4,418,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Reddit in the second quarter worth approximately $294,254,000. Amundi lifted its holdings in shares of Reddit by 2,060.5% in the 2nd quarter. Amundi now owns 1,307,231 shares of the company’s stock worth $208,294,000 after acquiring an additional 1,246,725 shares during the last quarter. State Street Corp boosted its stake in shares of 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 purchasing an additional 1,178,890 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Reddit by 21,703.0% in the 2nd quarter. Nordea Investment Management AB now owns 1,060,935 shares of the company’s stock valued at $164,021,000 after purchasing an additional 1,056,069 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 833,245 shares during the last quarter.

Reddit Stock Performance

RDDT stock opened at $218.47 on Monday. 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 capitalization of $41.40 billion, a price-to-earnings ratio of 125.56, a price-to-earnings-growth ratio of 1.49 and a beta of 2.17. The business’s 50 day moving average price is $225.46 and its two-hundred day moving average price is $213.47.

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 the consensus estimate of $0.50 by $0.30. The company had revenue of $584.91 million for 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%.The firm’s revenue was up 67.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. Sell-side analysts forecast that Reddit Inc. will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Reddit from $186.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Cantor Fitzgerald assumed coverage on Reddit in a research note on Thursday, January 8th. They issued a “neutral” rating and a $240.00 target price for the company. Roth Mkm set a $210.00 target price on Reddit in a report on Friday, October 31st. Evercore ISI initiated coverage on Reddit in a research note on Monday, January 12th. They issued an “outperform” rating and a $320.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Reddit from $190.00 to $227.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $245.18.

Key Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Guggenheim reaffirmed a “buy” and set a $245 price target, implying meaningful upside from current levels and providing concrete analyst support for the rally. Guggenheim Buy Rating / Benzinga
• Positive Sentiment: A bullish Seeking Alpha note draws parallels between Reddit’s current monetization and early-2012 Facebook, projecting large upside if user and ARPU trends persist — a narrative that fuels long-term growth expectations. Reddit: Parallels To 2012 Facebook
• Positive Sentiment: High-visibility endorsements — notably Jim Cramer saying he “likes the company right here” and articles highlighting reasons investors favor Reddit — are lifting sentiment among retail investors. Jim Cramer Likes Reddit
• Neutral Sentiment: Analyst commentary is shifting: some pieces describe a rewriting of the price-target narrative as new estimates and multipliers are debated — this limits volatility but keeps the stock sensitive to upgrades/downgrades. Shifting Price Target Narrative / Yahoo Finance
• Neutral Sentiment: Valuation checks after recent share swings highlight high P/E and expected EPS growth; these analyses frame upside scenarios but also underline sensitivity to execution and ARPU trajectory. Valuation Check / Yahoo Finance
• Negative Sentiment: Insider selling by COO Jennifer L. Wong (multiple filings showing sizable share disposals) has weighed on sentiment and was cited as a driver of earlier price weakness; investors watch whether sales continue. COO Insider Sale / SEC Filing
• Negative Sentiment: Coverage noting a pullback tied to insider selling (reported ~4.4% drop) underscores short-term downside risk if sentiment flips or if growth guidance disappoints. Stock Down on Insider Selling / American Banking News
• Negative Sentiment: Critical analysis warns Reddit must grow at Meta-like scale to justify rich multiples and notes tougher competitive/monetization challenges, keeping execution risk top of mind for investors. Growth Challenges / Seeking Alpha

Insider Activity

In related news, COO Jennifer L. Wong sold 12,008 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $225.73, for a total transaction of $2,710,565.84. Following the sale, the chief operating officer owned 50,124 shares of the company’s stock, valued at $11,314,490.52. The trade was a 19.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Benjamin Seong Lee sold 3,320 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $260.22, for a total transaction of $863,930.40. Following the completion of the sale, the insider owned 62,608 shares in the company, valued at approximately $16,291,853.76. This trade represents a 5.04% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 509,511 shares of company stock worth $111,394,344. 34.25% of the stock is currently owned by corporate 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.