Perpetual Ltd Sells 178,569 Shares of Reddit Inc. $RDDT

Perpetual Ltd lessened its stake in shares of Reddit Inc. (NYSE:RDDT) by 53.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 156,643 shares of the company’s stock after selling 178,569 shares during the quarter. Perpetual Ltd owned approximately 0.08% of Reddit worth $36,026,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. raised its holdings in Reddit by 103.0% during the 1st quarter. Alliancebernstein L.P. now owns 5,659,990 shares of the company’s stock valued at $593,733,000 after buying an additional 2,871,232 shares during the last quarter. Norges Bank bought a new stake in Reddit in the 2nd quarter worth $294,254,000. Amundi increased 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 acquiring an additional 1,246,725 shares during the period. State Street Corp raised its stake in shares of Reddit by 138.5% during 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. Finally, Nordea Investment Management AB raised its stake in shares of Reddit by 21,703.0% during the second quarter. Nordea Investment Management AB now owns 1,060,935 shares of the company’s stock valued at $164,021,000 after acquiring an additional 1,056,069 shares during the last quarter.

Reddit Stock Up 0.8%

NYSE RDDT opened at $233.21 on Friday. The firm has a market capitalization of $44.19 billion, a PE ratio of 134.03, a P/E/G ratio of 2.55 and a beta of 2.17. The stock’s 50 day moving average is $208.53 and its 200 day moving average is $195.10. Reddit Inc. has a twelve month low of $79.75 and a twelve month high of $282.95.

Reddit (NYSE:RDDT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.30. The business had revenue of $584.91 million during the quarter, compared to the consensus estimate of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The firm’s quarterly revenue was up 67.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. On average, research analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RDDT. Sanford C. Bernstein raised their target price on Reddit from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Friday, October 31st. Piper Sandler reiterated an “overweight” rating on shares of Reddit in a report on Monday, December 1st. B. Riley reiterated a “buy” rating and issued a $245.00 price objective (up from $235.00) on shares of Reddit in a research report on Friday, October 31st. Morgan Stanley reissued an “overweight” rating and set a $250.00 target price on shares of Reddit in a research note on Friday, October 31st. Finally, Jefferies Financial Group upped their target price on Reddit from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $230.28.

Key Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: MarketBeat’s TL;DR highlights rapid DAU/WAU expansion, strong Q3 revenue and EPS beats, and sizable international growth — a narrative supporting further ad monetization and ARPU expansion heading into 2026. Read More.
• Positive Sentiment: Analyst activity is constructive: several firms have raised targets or maintained buy ratings (Jefferies, China Renaissance initiation, others cited), implying upside relative to consensus and helping investor confidence. (See MarketBeat piece above for coverage of recent price-target moves.)
• Positive Sentiment: Softer inflation / macro headlines are improving the investment case for growth and ad-driven names; coverage argues that easing inflation expectations can re-rate Reddit by reducing discount-rate concerns and supporting ad budgets. Read More.
• Neutral Sentiment: Stories noting what Wall Street will watch in 2026 (product/monetization, ARPU, international expansion) underscore catalysts but don’t add immediate data-driven moves; useful for medium-term thesis rather than intraday action. Read More.
• Neutral Sentiment: News that a Reddit post helped surface a tip in a university shooting investigation highlights the platform’s real-world reach — a reputational datapoint that can be framed positively for engagement but also raises ongoing moderation and liability considerations. Read More.
• Negative Sentiment: Large insider sales: Benjamin Seong Lee sold 55,005 shares (Dec. 16) and 18,750 shares (Dec. 18) across recent transactions; CEO Steve Huffman also sold 18,000 shares (Dec. 15). The size and frequency of these sales can create short-term selling pressure and raise investor questions about timing of liquidity events. Read More.

Insider Buying and Selling at Reddit

In other Reddit news, insider Benjamin Seong Lee sold 55,005 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $221.21, for a total value of $12,167,656.05. Following the sale, the insider owned 62,608 shares in the company, valued at approximately $13,849,515.68. This represents a 46.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $229.10, for a total transaction of $4,123,800.00. Following the transaction, the chief executive officer directly owned 494,104 shares of the company’s stock, valued at $113,199,226.40. This represents a 3.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 479,374 shares of company stock valued at $101,673,634 in the last quarter. 34.25% of the stock is owned by insiders.

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.