Somerset Trust Co Has $460,000 Stock Holdings in Reddit Inc. $RDDT

Somerset Trust Co cut its position in shares of Reddit Inc. (NYSE:RDDT) by 60.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the company’s stock after selling 3,000 shares during the period. Somerset Trust Co’s holdings in Reddit were worth $460,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Financial Perspectives Inc bought a new position in shares of Reddit in the 2nd quarter valued at approximately $34,000. Geneos Wealth Management Inc. raised its position in shares of Reddit by 344.6% in the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after purchasing an additional 286 shares during the period. GAMMA Investing LLC raised its position in shares of Reddit by 8,650.0% in the third quarter. GAMMA Investing LLC now owns 175 shares of the company’s stock valued at $40,000 after purchasing an additional 173 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Reddit by 68.2% in the second quarter. Advisors Asset Management Inc. now owns 365 shares of the company’s stock worth $55,000 after buying an additional 148 shares during the last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Reddit during the 2nd quarter worth $60,000.

Key Reddit News

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 Analyst Weigh In

A number of research firms have weighed in on RDDT. The Goldman Sachs Group reissued a “neutral” rating and set a $236.00 target price on shares of Reddit in a research report on Tuesday, October 14th. JPMorgan Chase & Co. increased their target price on Reddit from $190.00 to $227.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 target price on shares of Reddit in a report on Friday, October 3rd. Robert W. Baird lifted their price target on Reddit from $177.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Finally, Roth Capital set a $210.00 price objective on Reddit in a research report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $230.28.

Reddit Price Performance

Shares of Reddit stock opened at $233.21 on Monday. The firm has a market cap of $44.19 billion, a price-to-earnings ratio of 134.03, a price-to-earnings-growth ratio of 2.57 and a beta of 2.17. The stock’s 50-day moving average is $208.53 and its 200-day moving average is $196.23. Reddit Inc. has a one year low of $79.75 and a one year high of $282.95.

Reddit (NYSE:RDDT) last issued its 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. Reddit had a net margin of 18.33% and a return on equity of 14.94%. The business had revenue of $584.91 million during the quarter, compared to the consensus estimate of $546.65 million. During the same period last year, the business posted $0.16 EPS. Reddit’s revenue was up 67.9% on a year-over-year basis. On average, equities analysts expect that Reddit Inc. will post 1.12 EPS for the current year.

Insider Activity

In related news, 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 completion of the sale, the chief operating officer owned 1,184,528 shares of the company’s stock, valued at $228,282,236.16. This represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Christopher Brian Slowe sold 14,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $233.99, for a total transaction of $3,275,860.00. Following the completion of the transaction, the chief technology officer directly owned 173,694 shares in the company, valued at approximately $40,642,659.06. This represents a 7.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 426,166 shares of company stock worth $87,984,534. 34.25% of the stock is owned by insiders.

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.