SG Americas Securities LLC Has $5.03 Million Stake in Reddit Inc. $RDDT

SG Americas Securities LLC reduced its holdings in shares of Reddit Inc. (NYSE:RDDT) by 41.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,866 shares of the company’s stock after selling 15,288 shares during the quarter. SG Americas Securities LLC’s holdings in Reddit were worth $5,029,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, CTO Christopher Brian Slowe sold 24,000 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $192.72, for a total transaction of $4,625,280.00. Following the completion of the sale, the chief technology officer owned 175,694 shares of the company’s stock, valued at $33,859,747.68. This represents a 12.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $200.53, for a total transaction of $3,609,540.00. Following the sale, the chief executive officer owned 494,104 shares in the company, valued at $99,082,675.12. The trade was a 3.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 505,496 shares of company stock worth $108,036,192 in the last ninety days. 34.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RDDT has been the topic of several research analyst reports. Wall Street Zen cut shares of Reddit from a “buy” rating to a “hold” rating in a report on Saturday. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $250.00 target price (up previously from $225.00) on shares of Reddit in a research report on Monday, October 20th. Cannonball Research reiterated a “buy” rating on shares of Reddit in a research note on Tuesday, September 23rd. Roth Capital set a $210.00 price target on Reddit in a report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Reddit in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $232.58.

Reddit Price Performance

Shares of NYSE:RDDT opened at $244.71 on Friday. The business’s 50 day simple moving average is $218.41 and its 200 day simple moving average is $207.33. Reddit Inc. has a 1 year low of $79.75 and a 1 year high of $282.95. The company has a market capitalization 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 announced its quarterly earnings data 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 firm had revenue of $584.91 million during the quarter, compared to analysts’ expectations of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The company’s quarterly revenue was up 67.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. On average, sell-side analysts anticipate that Reddit Inc. will post 1.12 EPS for the current fiscal year.

More Reddit News

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

About Reddit

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.