Mitsubishi UFJ Trust & Banking Corp Has $42.84 Million Stock Holdings in Reddit Inc. $RDDT

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Reddit Inc. (NYSE:RDDT) by 2.1% during the third quarter, Holdings Channel reports. The firm owned 186,276 shares of the company’s stock after selling 3,972 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Reddit were worth $42,842,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Reddit by 6.3% during the second quarter. Vanguard Group Inc. now owns 10,837,215 shares of the company’s stock worth $1,631,759,000 after purchasing an additional 638,663 shares during the period. JPMorgan Chase & Co. raised its stake in Reddit by 7.5% in the second quarter. JPMorgan Chase & Co. now owns 2,051,175 shares of the company’s stock valued at $308,846,000 after buying an additional 143,680 shares during the period. State Street Corp lifted its position in shares of Reddit by 138.5% in the second quarter. State Street Corp now owns 2,030,139 shares of the company’s stock valued at $305,678,000 after buying an additional 1,178,890 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Reddit by 72.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,989,004 shares of the company’s stock worth $299,044,000 after acquiring an additional 833,245 shares during the period. Finally, Norges Bank bought a new position in shares of Reddit during the 2nd quarter worth approximately $294,254,000.

Insider Buying and Selling

In related news, CTO Christopher Brian Slowe sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $253.88, for a total value of $3,554,320.00. Following the completion of the sale, the chief technology officer directly owned 169,694 shares in the company, valued at approximately $43,081,912.72. The trade was a 7.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 448,576 shares in the company, valued at $104,419,521.28. This represents a 3.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 509,511 shares of company stock valued at $111,394,344 in the last quarter. Corporate insiders own 34.25% of the company’s stock.

Reddit News Roundup

Here 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

Reddit Stock Performance

Shares of Reddit stock opened at $218.47 on Monday. The firm has a 50-day moving average of $225.46 and a 200-day moving average of $213.47. Reddit Inc. has a 52-week low of $79.75 and a 52-week high of $282.95. The stock has a market cap of $41.40 billion, a PE ratio of 125.56, a PEG ratio of 1.49 and a beta of 2.17.

Reddit (NYSE:RDDT) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate 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 net margin of 18.33% and a return on equity of 14.94%. The business’s revenue was up 67.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 EPS. Equities research analysts predict that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RDDT has been the topic of a number of research analyst reports. Zacks Research cut Reddit from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Wall Street Zen downgraded shares of Reddit from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. JMP Securities reissued a “market outperform” rating and issued a $300.00 price objective on shares of Reddit in a research report on Friday, October 3rd. Roth Mkm set a $210.00 target price on shares of Reddit in a report on Friday, October 31st. Finally, Morgan Stanley upped their price target on shares of Reddit from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Two investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Reddit presently has an average rating of “Moderate Buy” and a consensus target price of $245.18.

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.