Nepsis Inc. Trims Position in Reddit Inc. $RDDT

Nepsis Inc. lowered its stake in shares of Reddit Inc. (NYSE:RDDT) by 46.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,033 shares of the company’s stock after selling 41,223 shares during the quarter. Reddit comprises about 3.5% of Nepsis Inc.’s holdings, making the stock its 18th largest position. Nepsis Inc.’s holdings in Reddit were worth $11,047,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RDDT. NewEdge Advisors LLC grew its stake in shares of Reddit by 143.3% in the 1st quarter. NewEdge Advisors LLC now owns 7,982 shares of the company’s stock valued at $837,000 after purchasing an additional 4,701 shares during the last quarter. Empowered Funds LLC purchased a new position in Reddit in the 1st quarter valued at $213,000. Woodline Partners LP increased its stake in Reddit by 302.7% in the 1st quarter. Woodline Partners LP now owns 92,808 shares of the company’s stock valued at $9,736,000 after buying an additional 69,760 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Reddit by 106.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 216,960 shares of the company’s stock worth $22,759,000 after buying an additional 111,780 shares during the last quarter. Finally, Plato Investment Management Ltd raised its position in Reddit by 712.7% during the 1st quarter. Plato Investment Management Ltd now owns 1,349 shares of the company’s stock worth $143,000 after buying an additional 1,183 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RDDT. JPMorgan Chase & Co. boosted their price target on shares of Reddit from $190.00 to $227.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Cantor Fitzgerald assumed coverage on Reddit in a research report on Thursday. They set a “neutral” rating and a $240.00 target price on the stock. B. Riley reissued a “buy” rating and issued a $245.00 price target (up from $235.00) on shares of Reddit in a report on Friday, October 31st. Bank of America lifted their price target on Reddit from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Reddit in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Reddit presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.58.

Insider Activity at Reddit

In other news, insider Benjamin Seong Lee sold 55,005 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $221.21, for a total transaction of $12,167,656.05. Following the completion of the sale, the insider directly owned 62,608 shares in the company, valued at $13,849,515.68. This represents a 46.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Jennifer L. Wong sold 63,427 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $192.72, for a total value of $12,223,651.44. Following the completion of the transaction, the chief operating officer directly owned 1,184,528 shares in the company, valued at $228,282,236.16. This trade represents a 5.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 505,496 shares of company stock worth $108,036,192. 34.25% of the stock is currently owned by company insiders.

Reddit Price Performance

NYSE:RDDT opened at $244.71 on Friday. The firm has a 50 day simple moving average of $218.41 and a 200-day simple moving average of $206.87. The firm has a market cap of $46.37 billion, a PE ratio of 140.64, a P/E/G ratio of 1.71 and a beta of 2.17. Reddit Inc. has a 1-year low of $79.75 and a 1-year high of $282.95.

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

Key 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

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.