Lee Johnson Capital Management LLC Invests $810,000 in Reddit Inc. $RDDT

Lee Johnson Capital Management LLC purchased a new stake in Reddit Inc. (NYSE:RDDT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,524 shares of the company’s stock, valued at approximately $810,000.

Other large investors have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. raised its holdings in shares of Reddit by 0.3% in the second quarter. Resona Asset Management Co. Ltd. now owns 20,201 shares of the company’s stock valued at $3,023,000 after buying an additional 65 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Reddit by 2.8% during the third quarter. AdvisorNet Financial Inc now owns 2,464 shares of the company’s stock worth $567,000 after buying an additional 66 shares during the last quarter. Congress Park Capital LLC grew its holdings in shares of Reddit by 2.0% during the second quarter. Congress Park Capital LLC now owns 3,885 shares of the company’s stock worth $585,000 after buying an additional 76 shares during the last quarter. Bienville Capital Management LLC grew its holdings in shares of Reddit by 0.5% during the second quarter. Bienville Capital Management LLC now owns 16,153 shares of the company’s stock worth $2,432,000 after buying an additional 76 shares during the last quarter. Finally, Platinum Investment Management Ltd. increased its position in Reddit by 4.3% in the 2nd quarter. Platinum Investment Management Ltd. now owns 2,322 shares of the company’s stock valued at $350,000 after acquiring an additional 95 shares during the period.

Analyst Ratings Changes

Several research analysts have weighed in on RDDT shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Reddit in a research note on Monday. Zacks Research cut shares of Reddit from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Wall Street Zen upgraded shares of Reddit from a “hold” rating to a “buy” rating in a research report on Sunday, December 14th. JMP Securities restated a “market outperform” rating and set a $300.00 price objective on shares of Reddit in a research report on Friday, October 3rd. Finally, Wells Fargo & Company upped their target price on Reddit from $155.00 to $174.00 and gave the company a “cautious” rating in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.28.

Reddit Price Performance

NYSE RDDT opened at $233.44 on Wednesday. The company has a 50-day moving average of $212.56 and a 200-day moving average of $201.78. Reddit Inc. has a 12 month low of $79.75 and a 12 month high of $282.95. The company has a market cap of $44.24 billion, a P/E ratio of 134.16, a P/E/G ratio of 2.59 and a beta of 2.17.

Reddit (NYSE:RDDT) last issued its earnings results 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 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 revenue for the quarter was up 67.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. As a group, equities research analysts anticipate that Reddit Inc. will post 1.12 EPS for the current year.

Reddit News Summary

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Needham reaffirmed a “buy” rating and set a $300 price target, which supports upside expectations and may attract momentum buyers. Read More.
• Positive Sentiment: Coverage argues Reddit is an AI search beneficiary — its community content and signals could be valuable to AI summaries and search, implying stronger monetization potential for ads and search products. Read More.
• Positive Sentiment: Investor’s Business Daily/Wall Street writeups name Reddit a top AI‑driven pick for 2026, bolstering retail and growth‑fund interest. Read More.
• Neutral Sentiment: Technical/market pieces note Reddit “nears a key juncture” — could lead to a breakout or a pullback depending on market sentiment, but not a direct fundamental catalyst. Read More.
• Neutral Sentiment: Broader AI trend commentary frames 2026 as a year of dealing with AI complexities — positive for platforms that supply high-quality data, but also raises execution risk and regulation uncertainty. Read More.
• Negative Sentiment: Insider selling: CTO Christopher Slowe sold 14,000 shares (Dec. 22) — part of a series of recent sales — which can prompt near‑term selling pressure or signal insiders monetizing gains. Read More.
• Negative Sentiment: Critical analysis and some sell‑side skepticism remain — pieces saying they’re “impressed but not enough to buy” keep value/risk‑averse investors on the sidelines and cap multiple expansion. Read More.

Insider Activity

In other Reddit news, CTO Christopher Brian Slowe sold 14,000 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $233.53, for a total value of $3,269,420.00. Following the transaction, the chief technology officer owned 171,694 shares in the company, valued at $40,095,699.82. The trade was a 7.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michelle Marie Reynolds sold 11,249 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $232.95, for a total value of $2,620,454.55. Following the sale, the chief accounting officer owned 10,558 shares of the company’s stock, valued at $2,459,486.10. This represents a 51.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 461,333 shares of company stock worth $96,309,724 over the last three months. 34.25% of the stock is currently owned by corporate insiders.

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.