Reddit Inc. $RDDT Stock Position Raised by Bokf Na

Bokf Na boosted its stake in Reddit Inc. (NYSE:RDDT) by 332.5% in the third quarter, HoldingsChannel reports. The firm owned 11,899 shares of the company’s stock after acquiring an additional 9,148 shares during the period. Bokf Na’s holdings in Reddit were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Sunbelt Securities Inc. lifted its holdings in shares of Reddit by 87.5% during the 1st quarter. Sunbelt Securities Inc. now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 91 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Reddit by 48.1% in the second quarter. EverSource Wealth Advisors LLC now owns 197 shares of the company’s stock worth $34,000 after acquiring an additional 64 shares during the period. Beacon Investment Advisory Services Inc. purchased a new stake in Reddit during the second quarter valued at $35,000. Ascentis Independent Advisors purchased a new stake in Reddit during the first quarter valued at $30,000. Finally, Hager Investment Management Services LLC lifted its holdings in Reddit by 522.2% in the second quarter. Hager Investment Management Services LLC now owns 280 shares of the company’s stock valued at $49,000 after acquiring an additional 235 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. DA Davidson reduced their price target on shares of Reddit from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, September 18th. JPMorgan Chase & Co. dropped their price objective on shares of Reddit from $200.00 to $185.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Sanford C. Bernstein restated a “market perform” rating and set a $120.00 target price on shares of Reddit in a research report on Friday. Robert W. Baird set a $185.00 target price on shares of Reddit in a report on Friday, July 31st. Finally, Evercore reiterated an “outperform” rating on shares of Reddit in a research report on Monday, October 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $197.61.

Reddit Price Performance

Shares of RDDT opened at $91.74 on Friday. The firm has a market cap of $17.65 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 0.42 and a beta of 2.05. Reddit Inc. has a 1 year low of $89.28 and a 1 year high of $263.50. The company has a 50 day simple moving average of $150.37 and a two-hundred day simple moving average of $160.26.

Reddit (NYSE:RDDT) last issued its earnings results on Thursday, October 29th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.07. The firm had revenue of $894.96 million for the quarter, compared to analysts’ expectations of $874.91 million. Reddit had a return on equity of 31.67% and a net margin of 32.10%. The business’s revenue was up 53.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. On average, sell-side analysts anticipate that Reddit Inc. will post 5.28 earnings per share for the current year.

Reddit News Summary

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Reddit reported third-quarter revenue of approximately $895 million, up 53% year over year, and earnings of $1.40 per share, exceeding analyst expectations. Advertising revenue increased 54%, while improved monetization and first-week app retention—up more than 50% year over year—provided evidence of continued platform engagement. Reddit Q3 Earnings Beat on Ad Growth and Strong Monetization
• Positive Sentiment: Several analysts retained constructive views despite reducing their targets. Citigroup, Truist Financial, B. Riley and Wedbush still rated RDDT Buy or Outperform, with targets above the current trading level, suggesting potential long-term recovery if user engagement and monetization improve. Reddit Analysts Slash Their Forecasts Following Q3 Earnings
• Neutral Sentiment: Reddit plans to test a primarily logged-in experience in international markets to reduce data scraping, strengthen data protection and limit its reliance on search referrals. Management is also responding to the growing impact of Google AI search features on website traffic. Reddit Search Traffic Declines and Visitor Sign-In Plans
• Negative Sentiment: Management’s outlook was the main catalyst for the selloff. Search traffic was described as meaningfully lower, and daily active unique visitors could decline by a low double-digit percentage in the fourth quarter if Google referrals continue weakening. The logged-in-only strategy could further reduce casual and logged-out users before improving engagement or monetization.
• Negative Sentiment: Analysts broadly cut price targets, including Wells Fargo to $110, Cantor Fitzgerald to $120 and Bernstein to $120; Oppenheimer and Citizens JMP downgraded the stock to market perform. Investors are concerned that international user growth is less valuable than U.S. growth, while Meta and Google remain powerful advertising competitors.
• Negative Sentiment: Levi & Korsinsky and Block & Leviton announced investigations into whether Reddit adequately disclosed the risks associated with its logged-in-only transition and search-traffic exposure, adding legal and reputational uncertainty. Reddit Investigation Notice

Insider Activity

In other Reddit news, CEO Steve Huffman sold 18,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $178.16, for a total transaction of $3,206,880.00. Following the transaction, the chief executive officer owned 373,814 shares in the company, valued at $66,598,702.24. The trade was a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert Sauerberg sold 5,128 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $159.92, for a total value of $820,069.76. Following the completion of the sale, the director owned 27,087 shares in the company, valued at approximately $4,331,753.04. The trade was a 15.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 306,052 shares of company stock valued at $49,754,523. 28.48% of the stock is currently owned by insiders.

Reddit Profile

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.