Kornitzer Capital Management Inc. KS Invests $3.30 Million in Reddit Inc. $RDDT

Kornitzer Capital Management Inc. KS acquired a new position in Reddit Inc. (NYSE:RDDT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,325 shares of the company’s stock, valued at approximately $3,295,000.

Several other institutional investors and hedge funds also recently bought and sold shares of RDDT. NewEdge Advisors LLC lifted its position in shares of Reddit by 143.3% in the first quarter. NewEdge Advisors LLC now owns 7,982 shares of the company’s stock worth $837,000 after purchasing an additional 4,701 shares in the last quarter. Empowered Funds LLC purchased a new stake in Reddit in the 1st quarter worth approximately $213,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Reddit by 106.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 216,960 shares of the company’s stock valued at $22,759,000 after buying an additional 111,780 shares during the period. Focus Partners Wealth grew its holdings in shares of Reddit by 40.8% during the 1st quarter. Focus Partners Wealth now owns 10,224 shares of the company’s stock valued at $1,073,000 after acquiring an additional 2,965 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Reddit by 344.6% during the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock worth $39,000 after acquiring an additional 286 shares in the last quarter.

Reddit News Roundup

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Deutsche Bank and other brokers raised price targets and maintained buy ratings, signaling continued analyst conviction in Reddit’s 2026 growth case. Deutsche Bank Raises Reddit PT to $285
• Positive Sentiment: Recent results show strong revenue acceleration and margin improvement (Q3 revenue +67.9% y/y; EPS beat), supporting longer-term upside despite volatility. MarketBeat Stock Profile
• Neutral Sentiment: Several articles outline why Reddit could be an attractive multi-year investment, but they mostly restate growth thesis rather than new catalysts. What Makes Reddit an Attractive Investment Bet?
• Neutral Sentiment: Reddit’s legal move to restrict use of the “WallStreetBets” name at a Miami event drew attention to trademark enforcement — possible reputational noise but unclear financial impact. Reddit Lawyers Force Founder to Redact “WallStreetBets”
• Negative Sentiment: An analyst note warning of slowing growth in 2026 triggered downwards pressure; media reported a ~9% drop after the warning. This is the clearest proximate cause of today’s pullback. Reddit stock tumbles 9% as analyst warns of slowing growth
• Negative Sentiment: Reports that YouTube has become a primary social source for AI-model training and content discovery raise competitive and content-sourcing concerns that could affect engagement and ad monetization. Reddit stock is tumbling and YouTube may be to blame
• Negative Sentiment: CTO Christopher Slowe sold 14,000 shares (recent insider selling series), which can weigh on investor sentiment even though insiders still hold large positions. CTO Insider Sale SEC Filing
• Negative Sentiment: Market commentary and data outlets flagged the same-day drop and higher-than-average trading volume, reinforcing the negative tone. Zacks: Stock Drops Despite Market Gains

Wall Street Analyst Weigh In

Several research analysts have weighed in on RDDT shares. Argus set a $300.00 target price on Reddit in a research report on Friday, January 9th. Sanford C. Bernstein lifted their target price on shares of Reddit from $190.00 to $210.00 and gave the company a “market perform” rating in a research note on Friday, October 31st. Piper Sandler reissued an “overweight” rating on shares of Reddit in a research report on Monday, December 1st. Citigroup raised their price target on shares of Reddit from $250.00 to $265.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, B. Riley reissued a “buy” rating and set a $245.00 target price (up from $235.00) on shares of Reddit in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $245.18.

Reddit Price Performance

Shares of RDDT opened at $196.28 on Wednesday. The company has a market capitalization of $37.20 billion, a PE ratio of 112.80, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17. Reddit Inc. has a one year low of $79.75 and a one year high of $282.95. The company’s fifty day moving average price is $226.21 and its 200 day moving average price is $214.33.

Reddit (NYSE:RDDT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.30. The company had revenue of $584.91 million for the quarter, compared to the consensus estimate of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The firm’s revenue was up 67.9% compared to the same quarter last year. During the same period last year, the business posted $0.16 earnings per share. Analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current year.

Insider Transactions at Reddit

In other news, CEO Steve Ladd Huffman sold 18,000 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $232.78, for a total value of $4,190,040.00. Following the sale, the chief executive officer owned 448,576 shares in the company, valued at approximately $104,419,521.28. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew Vollero sold 3,674 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $261.21, for a total transaction of $959,685.54. Following the transaction, the chief financial officer directly owned 251,644 shares in the company, valued at $65,731,929.24. This trade represents a 1.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 523,511 shares of company stock worth $114,370,884. 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.