Baillie Gifford & Co. Cuts Position in Reddit Inc. $RDDT
Baillie Gifford & Co. decreased its position in Reddit Inc. (NYSE:RDDT - Free Report) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,107,185 shares of the company's stock after selling 375,143 shares during the quarter. Reddit accounts for about 1.0% of Baillie Gifford & Co.'s holdings, making the stock its 21st biggest holding. Baillie Gifford & Co. owned 3.26% of Reddit worth $1,404,591,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds also recently added to or reduced their stakes in RDDT. Teacher Retirement System of Texas raised its holdings in shares of Reddit by 880.5% in the second quarter. Teacher Retirement System of Texas now owns 94,676 shares of the company's stock valued at $14,255,000 after buying an additional 85,020 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Reddit in the 2nd quarter valued at about $2,078,000. J. Safra Sarasin Holding AG purchased a new stake in Reddit during the 2nd quarter valued at approximately $226,000. Plato Investment Management Ltd lifted its position in Reddit by 120.2% during the 2nd quarter. Plato Investment Management Ltd now owns 2,970 shares of the company's stock worth $446,000 after acquiring an additional 1,621 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Reddit in the 2nd quarter valued at approximately $2,666,000. Reddit Stock Up 1.8%Shares of RDDT opened at $218.47 on Friday. Reddit Inc. has a 52-week low of $79.75 and a 52-week high of $282.95. The company has a 50-day simple moving average of $225.46 and a 200-day simple moving average of $212.54. The company has a market capitalization of $41.40 billion, a PE ratio of 125.56, a P/E/G ratio of 1.46 and a beta of 2.17. Reddit (NYSE:RDDT - Get Free Report) last posted 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 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 revenue for the quarter was up 67.9% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. On average, research analysts anticipate that Reddit Inc. will post 1.12 EPS for the current year. More Reddit NewsHere are the key news stories impacting Reddit this week:
Positive Sentiment: Guggenheim reaffirmed a "buy" and set a $245 price target, implying meaningful upside from current levels and providing concrete analyst support for the rally. Guggenheim Buy Rating / Benzinga
Positive Sentiment: A bullish Seeking Alpha note draws parallels between Reddit's current monetization and early-2012 Facebook, projecting large upside if user and ARPU trends persist — a narrative that fuels long-term growth expectations. Reddit: Parallels To 2012 Facebook
Positive Sentiment: High-visibility endorsements — notably Jim Cramer saying he "likes the company right here" and articles highlighting reasons investors favor Reddit — are lifting sentiment among retail investors. Jim Cramer Likes Reddit
Neutral Sentiment: Analyst commentary is shifting: some pieces describe a rewriting of the price-target narrative as new estimates and multipliers are debated — this limits volatility but keeps the stock sensitive to upgrades/downgrades. Shifting Price Target Narrative / Yahoo Finance
Neutral Sentiment: Valuation checks after recent share swings highlight high P/E and expected EPS growth; these analyses frame upside scenarios but also underline sensitivity to execution and ARPU trajectory. Valuation Check / Yahoo Finance
Negative Sentiment: Insider selling by COO Jennifer L. Wong (multiple filings showing sizable share disposals) has weighed on sentiment and was cited as a driver of earlier price weakness; investors watch whether sales continue. COO Insider Sale / SEC Filing
Negative Sentiment: Coverage noting a pullback tied to insider selling (reported ~4.4% drop) underscores short-term downside risk if sentiment flips or if growth guidance disappoints. Stock Down on Insider Selling / American Banking News
Negative Sentiment: Critical analysis warns Reddit must grow at Meta-like scale to justify rich multiples and notes tougher competitive/monetization challenges, keeping execution risk top of mind for investors. Growth Challenges / Seeking Alpha
Insider Buying and SellingIn other news, CEO Steve Ladd Huffman sold 18,000 shares of the firm's stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $232.78, for a total value of $4,190,040.00. Following the completion of the transaction, the chief executive officer owned 448,576 shares in the company, valued at $104,419,521.28. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jennifer L. Wong sold 27,159 shares of the business's stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $225.73, for a total transaction of $6,130,601.07. Following the completion of the sale, the chief operating officer owned 1,157,369 shares in the company, valued at $261,252,904.37. This represents a 2.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 509,511 shares of company stock valued at $111,394,344 in the last three months. 34.25% of the stock is owned by insiders. Wall Street Analysts Forecast GrowthRDDT has been the subject of several analyst reports. Cantor Fitzgerald began coverage on Reddit in a research note on Thursday, January 8th. They set a "neutral" rating and a $240.00 price target for the company. Jefferies Financial Group boosted their price objective on shares of Reddit from $300.00 to $325.00 and gave the company a "buy" rating in a research note on Thursday, December 11th. Argus set a $300.00 price objective on shares of Reddit in a research report on Friday, January 9th. Morgan Stanley lifted their target price on shares of Reddit from $250.00 to $265.00 and gave the company an "overweight" rating in a report on Tuesday, January 13th. Finally, Piper Sandler reiterated an "overweight" rating on shares of Reddit in a research note on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.18.Check Out Our Latest Analysis on RDDTAbout Reddit (Free Report)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.Featured ArticlesWant to see what other hedge funds are holding RDDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reddit Inc. (NYSE:RDDT - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Before you consider Reddit, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Reddit wasn't on the list.While Reddit currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.Unlock the timeless value of gold with our exclusive 2026 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.Get This Free Report
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