Voya Investment Management LLC Grows Stake in Reddit Inc. $RDDT

Voya Investment Management LLC grew its holdings in shares of Reddit Inc. (NYSE:RDDT) by 115.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 503,751 shares of the company’s stock after buying an additional 270,075 shares during the period. Voya Investment Management LLC’s holdings in Reddit were worth $115,858,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Perspectives Inc bought a new stake in Reddit in the second quarter valued at $34,000. Geneos Wealth Management Inc. increased its position in shares of Reddit by 344.6% during the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after buying an additional 286 shares during the period. GAMMA Investing LLC raised its stake in Reddit by 8,650.0% in the third quarter. GAMMA Investing LLC now owns 175 shares of the company’s stock worth $40,000 after buying an additional 173 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Reddit by 68.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 365 shares of the company’s stock valued at $55,000 after acquiring an additional 148 shares in the last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in Reddit during the 2nd quarter valued at approximately $60,000.

Reddit Price Performance

RDDT stock opened at $233.21 on Friday. The stock has a market capitalization of $44.19 billion, a P/E ratio of 134.03, a P/E/G ratio of 2.55 and a beta of 2.17. Reddit Inc. has a 1-year low of $79.75 and a 1-year high of $282.95. The business has a fifty day moving average price of $208.53 and a 200-day moving average price of $195.10.

Reddit (NYSE:RDDT) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.30. The firm had revenue of $584.91 million during 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 period in the previous year, the company earned $0.16 earnings per share. As a group, analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current year.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: MarketBeat’s TL;DR highlights rapid DAU/WAU expansion, strong Q3 revenue and EPS beats, and sizable international growth — a narrative supporting further ad monetization and ARPU expansion heading into 2026. Read More.
• Positive Sentiment: Analyst activity is constructive: several firms have raised targets or maintained buy ratings (Jefferies, China Renaissance initiation, others cited), implying upside relative to consensus and helping investor confidence. (See MarketBeat piece above for coverage of recent price-target moves.)
• Positive Sentiment: Softer inflation / macro headlines are improving the investment case for growth and ad-driven names; coverage argues that easing inflation expectations can re-rate Reddit by reducing discount-rate concerns and supporting ad budgets. Read More.
• Neutral Sentiment: Stories noting what Wall Street will watch in 2026 (product/monetization, ARPU, international expansion) underscore catalysts but don’t add immediate data-driven moves; useful for medium-term thesis rather than intraday action. Read More.
• Neutral Sentiment: News that a Reddit post helped surface a tip in a university shooting investigation highlights the platform’s real-world reach — a reputational datapoint that can be framed positively for engagement but also raises ongoing moderation and liability considerations. Read More.
• Negative Sentiment: Large insider sales: Benjamin Seong Lee sold 55,005 shares (Dec. 16) and 18,750 shares (Dec. 18) across recent transactions; CEO Steve Huffman also sold 18,000 shares (Dec. 15). The size and frequency of these sales can create short-term selling pressure and raise investor questions about timing of liquidity events. Read More.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RDDT shares. Roth Capital set a $210.00 target price on Reddit in a research report on Friday, October 31st. Cannonball Research reissued a “buy” rating on shares of Reddit in a research report on Tuesday, September 23rd. Oppenheimer boosted their target price on shares of Reddit from $215.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, September 16th. Truist Financial set a $270.00 price target on shares of Reddit in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. boosted their price objective 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. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $230.28.

Insider Transactions at Reddit

In other Reddit news, CEO Steve Ladd Huffman sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $229.10, for a total value of $4,123,800.00. Following the transaction, the chief executive officer directly owned 494,104 shares of the company’s stock, valued at approximately $113,199,226.40. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jennifer L. Wong sold 63,427 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $192.72, for a total transaction of $12,223,651.44. Following the sale, the chief operating officer directly owned 1,184,528 shares of the company’s stock, valued at $228,282,236.16. The trade was a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 479,374 shares of company stock worth $101,673,634 in the last ninety days. Insiders own 34.25% of the company’s stock.

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.