OVERSEA CHINESE BANKING Corp Ltd Takes Position in Reddit Inc. $RDDT

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Reddit Inc. (NYSE:RDDT) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 17,133 shares of the company’s stock, valued at approximately $3,934,000.

Several other large investors have also recently modified their holdings of the company. Huntington National Bank raised its stake in shares of Reddit by 25.6% during the 3rd quarter. Huntington National Bank now owns 270 shares of the company’s stock worth $62,000 after acquiring an additional 55 shares in the last quarter. Institute for Wealth Management LLC. raised its stake in shares of Reddit by 6.1% during the 4th quarter. Institute for Wealth Management LLC. now owns 1,071 shares of the company’s stock worth $246,000 after acquiring an additional 62 shares in the last quarter. Roxbury Financial LLC raised its stake in shares of Reddit by 7.4% during the 4th quarter. Roxbury Financial LLC now owns 929 shares of the company’s stock worth $214,000 after acquiring an additional 64 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Reddit by 5.0% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,439 shares of the company’s stock worth $331,000 after acquiring an additional 69 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Reddit by 9.9% during the 3rd quarter. IFP Advisors Inc now owns 796 shares of the company’s stock worth $183,000 after acquiring an additional 72 shares in the last quarter.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: DA Davidson initiated coverage with a “buy” rating and a $200 price target, citing strong relevance of Reddit content to large AI models — this new buy call and AI narrative likely supported today’s upside. DA Davidson Initiates Coverage MSN: DA Davidson Coverage
• Neutral Sentiment: Citizens Jmp lowered its price target from $300 to $250 but kept a “market outperform” rating — still a bullish long-term target but a reduction that signals tempered upside expectations versus prior forecasts. Benzinga: Price Target Change
• Negative Sentiment: Reddit’s COO, Jennifer Wong, sold 39,167 shares (~$6.3M) under a pre-arranged Rule 10b5-1 plan — insider selling can create short-term selling pressure or signal liquidity-taking, though the plan reduces the implication of negative private information. InsiderTrades: COO Sale
• Negative Sentiment: A fund manager letter cited disappointing user engagement growth for Reddit, which is a key metric for ad revenue trajectory and valuation — weaker engagement is a meaningful operational headwind to monitor. InsiderMonkey: Engagement Concerns
• Negative Sentiment: Market commentary noted Reddit suffered a larger intraday drop than the broader market recently, reflecting volatility and sensitivity to newsflow/expectations — highlights that shares remain reactive to short-term data and headlines. Zacks: Recent Price Drop

Wall Street Analyst Weigh In

Several research firms recently commented on RDDT. Bank of America reduced their price objective on shares of Reddit from $205.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Oppenheimer reduced their price objective on shares of Reddit from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Evercore reiterated an “outperform” rating and set a $290.00 price objective on shares of Reddit in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Reddit in a research note on Monday, December 29th. Finally, Argus set a $300.00 target price on shares of Reddit in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $234.22.

Reddit Trading Up 4.7%

NYSE:RDDT opened at $164.26 on Thursday. The company has a market cap of $31.38 billion, a PE ratio of 62.69, a P/E/G ratio of 1.14 and a beta of 2.40. Reddit Inc. has a twelve month low of $94.89 and a twelve month high of $282.95. The company’s 50 day moving average is $142.76 and its two-hundred day moving average is $186.38.

Reddit (NYSE:RDDT) last released its earnings results on Thursday, February 5th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.28. The company had revenue of $725.61 million for the quarter, compared to the consensus estimate of $665.80 million. Reddit had a net margin of 24.05% and a return on equity of 20.89%. Reddit’s revenue was up 69.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. As a group, analysts expect that Reddit Inc. will post 4.02 EPS for the current fiscal year.

Insider Buying and Selling at Reddit

In other Reddit news, Director Sarah E. Farrell acquired 10,500 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $132.26 per share, with a total value of $1,388,730.00. Following the acquisition, the director directly owned 61,000 shares of the company’s stock, valued at approximately $8,067,860. The trade was a 20.79% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Christopher Brian Slowe sold 15,500 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $150.67, for a total transaction of $2,335,385.00. Following the completion of the sale, the chief technology officer directly owned 38,413 shares in the company, valued at $5,787,686.71. This trade represents a 28.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders acquired 61,000 shares of company stock valued at $8,870,815 and sold 298,441 shares valued at $44,170,999. Insiders own 34.25% of the company’s stock.

Reddit Company Profile

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.