Plancorp LLC Decreases Stake in Reddit Inc. $RDDT

Plancorp LLC decreased its stake in shares of Reddit Inc. (NYSE:RDDT) by 18.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,186 shares of the company’s stock after selling 2,360 shares during the quarter. Plancorp LLC’s holdings in Reddit were worth $2,343,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Reddit by 6.3% during the 2nd quarter. Vanguard Group Inc. now owns 10,837,215 shares of the company’s stock valued at $1,631,759,000 after purchasing an additional 638,663 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Reddit by 103.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,659,990 shares of the company’s stock worth $593,733,000 after buying an additional 2,871,232 shares during the period. JPMorgan Chase & Co. increased its holdings in Reddit by 7.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,051,175 shares of the company’s stock worth $308,846,000 after buying an additional 143,680 shares during the period. State Street Corp lifted its stake in Reddit by 138.5% during the 2nd 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 period. Finally, Geode Capital Management LLC boosted its holdings in Reddit by 72.1% in the second quarter. Geode Capital Management LLC now owns 1,989,004 shares of the company’s stock valued at $299,044,000 after purchasing an additional 833,245 shares during the last quarter.

Reddit News Summary

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Needham named RDDT a “Conviction Buy” / top pick for 2026 and set a $300 price target (~30%+ upside vs. current levels), citing ad‑business growth, AI/content‑licensing opportunities and durable monetization upside. Read More.
• Positive Sentiment: Strong monetization: Zacks reports ARPU jumped ~41% in Q3 2025 (advertiser growth, better ad tools, higher engagement), supporting revenue and EPS upside if trends persist. Read More.
• Positive Sentiment: Product/engagement initiatives: coverage highlights Reddit expanding digital engagement and community integrations, which can increase time‑on‑site and ad inventory over time. Read More.
• Neutral Sentiment: Options and flow commentary show traders are positioning for a 2026 rally after the Needham call — this can amplify near‑term moves but doesn’t alter the company’s fundamentals. Read More.
• Negative Sentiment: Insider selling: COO Jennifer L. Wong sold 39,167 shares (~$9.18M) on Dec. 19; while her remaining stake remains large, the sale is a near‑term negative signal for sentiment. SEC filing: Read More.

Insider Transactions at Reddit

In related news, COO Jennifer L. Wong sold 39,167 shares of Reddit stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $234.37, for a total transaction of $9,179,569.79. Following the transaction, the chief operating officer owned 1,184,528 shares in the company, valued at approximately $277,617,827.36. This trade represents a 3.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Michelle Marie Reynolds sold 11,249 shares of the company’s stock in a transaction on 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 completion of the sale, the chief accounting officer owned 10,558 shares of the company’s stock, valued at approximately $2,459,486.10. The trade was a 51.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 465,333 shares of company stock valued at $97,164,104. 34.25% of the stock is currently owned by company insiders.

Reddit Trading Down 3.2%

NYSE:RDDT opened at $225.76 on Wednesday. The stock has a 50 day moving average of $209.69 and a two-hundred day moving average of $197.82. Reddit Inc. has a 12 month low of $79.75 and a 12 month high of $282.95. The firm has a market cap of $42.78 billion, a P/E ratio of 129.74, a price-to-earnings-growth ratio of 2.57 and a beta of 2.17.

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

Analyst Ratings Changes

Several brokerages recently weighed in on RDDT. B. Riley reiterated a “buy” rating and set a $245.00 price target (up from $235.00) on shares of Reddit in a research report on Friday, October 31st. Wells Fargo & Company lifted their target price on shares of Reddit from $155.00 to $174.00 and gave the company a “cautious” rating in a report on Tuesday, October 7th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Reddit in a report on Wednesday, October 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $236.00 price objective on shares of Reddit in a report on Tuesday, October 14th. Finally, Jefferies Financial Group upped their price objective on shares of Reddit from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $230.28.

Reddit 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.