14,325 Shares in Reddit Inc. $RDDT Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS purchased a new stake in Reddit Inc. (NYSE:RDDT) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 14,325 shares of the company’s stock, valued at approximately $3,295,000.

Other institutional investors also recently modified their holdings of the company. Financial Perspectives Inc bought a new position in Reddit in the second quarter worth $34,000. Geneos Wealth Management Inc. lifted its holdings in shares of Reddit by 344.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock worth $39,000 after acquiring an additional 286 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Reddit by 8,650.0% during the 3rd quarter. GAMMA Investing LLC now owns 175 shares of the company’s stock worth $40,000 after acquiring an additional 173 shares during the period. Covestor Ltd increased its stake in Reddit by 138.5% in the third quarter. Covestor Ltd now owns 217 shares of the company’s stock valued at $50,000 after acquiring an additional 126 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Reddit by 68.2% in the second quarter. Advisors Asset Management Inc. now owns 365 shares of the company’s stock valued at $55,000 after acquiring an additional 148 shares during the period.

Reddit Stock Performance

Reddit stock opened at $196.28 on Wednesday. The business’s fifty day moving average is $226.21 and its two-hundred day moving average is $214.33. The firm has a market cap of $37.20 billion, a P/E ratio of 112.80, a P/E/G ratio of 1.48 and a beta of 2.17. Reddit Inc. has a 52 week low of $79.75 and a 52 week high of $282.95.

Reddit (NYSE:RDDT) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.30. The business 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 firm’s revenue for the quarter was up 67.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 earnings per share. On average, equities research analysts predict that Reddit Inc. will post 1.12 earnings per share for the current year.

Insider Activity at Reddit

In related news, CEO Steve Ladd Huffman sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $194.81, for a total value of $3,506,580.00. Following the completion of the transaction, the chief executive officer owned 485,958 shares in the company, valued at $94,669,477.98. The trade was a 3.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jennifer L. Wong sold 63,427 shares of the company’s 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 transaction, the chief operating officer directly owned 1,184,528 shares in the company, valued at approximately $228,282,236.16. This represents a 5.08% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 523,511 shares of company stock valued at $114,370,884. Insiders own 34.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RDDT shares. Cantor Fitzgerald began coverage on Reddit in a report on Thursday, January 8th. They set a “neutral” rating and a $240.00 price objective on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Reddit in a research report on Monday, December 29th. Argus set a $300.00 price target on Reddit in a research note on Friday, January 9th. Jefferies Financial Group increased their price objective on Reddit from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Piper Sandler restated an “overweight” rating on shares of Reddit in a research note on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.18.

Key Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Deutsche Bank and other brokers raised price targets and maintained buy ratings, signaling continued analyst conviction in Reddit’s 2026 growth case. Deutsche Bank Raises Reddit PT to $285
• Positive Sentiment: Recent results show strong revenue acceleration and margin improvement (Q3 revenue +67.9% y/y; EPS beat), supporting longer-term upside despite volatility. MarketBeat Stock Profile
• Neutral Sentiment: Several articles outline why Reddit could be an attractive multi-year investment, but they mostly restate growth thesis rather than new catalysts. What Makes Reddit an Attractive Investment Bet?
• Neutral Sentiment: Reddit’s legal move to restrict use of the “WallStreetBets” name at a Miami event drew attention to trademark enforcement — possible reputational noise but unclear financial impact. Reddit Lawyers Force Founder to Redact “WallStreetBets”
• Negative Sentiment: An analyst note warning of slowing growth in 2026 triggered downwards pressure; media reported a ~9% drop after the warning. This is the clearest proximate cause of today’s pullback. Reddit stock tumbles 9% as analyst warns of slowing growth
• Negative Sentiment: Reports that YouTube has become a primary social source for AI-model training and content discovery raise competitive and content-sourcing concerns that could affect engagement and ad monetization. Reddit stock is tumbling and YouTube may be to blame
• Negative Sentiment: CTO Christopher Slowe sold 14,000 shares (recent insider selling series), which can weigh on investor sentiment even though insiders still hold large positions. CTO Insider Sale SEC Filing
• Negative Sentiment: Market commentary and data outlets flagged the same-day drop and higher-than-average trading volume, reinforcing the negative tone. Zacks: Stock Drops Despite Market Gains

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.