Baillie Gifford & Co. Has $1.37 Billion Stock Holdings in Reddit Inc. $RDDT

Key Points

• Baillie Gifford trimmed its position by 2.1% to hold 5,980,918 shares worth $1.37 billion, representing about 3.16% of Reddit and roughly 1.1% of Baillie’s portfolio (its 20th largest holding).
• Analysts remain broadly positive with a consensus of "Moderate Buy" and an average target of $238.46, although several firms recently cut price targets amid mixed views.
• Reddit posted a strong quarter—EPS $1.24 vs. $0.96 estimate and revenue $725.6M (+69.7% YoY)—but insiders were net sellers recently (316,115 shares sold vs. 61,000 bought over 90 days), which may weigh on sentiment.

Baillie Gifford & Co. lessened its holdings in Reddit Inc. (NYSE:RDDT - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,980,918 shares of the company's stock after selling 126,267 shares during the period. Reddit comprises approximately 1.1% of Baillie Gifford & Co.'s portfolio, making the stock its 20th biggest position. Baillie Gifford & Co. owned about 3.16% of Reddit worth $1,374,834,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Reddit by 12.9% during the third quarter. Vanguard Group Inc. now owns 12,238,508 shares of the company's stock worth $2,814,734,000 after acquiring an additional 1,401,293 shares in the last quarter. State Street Corp raised its holdings in shares of Reddit by 22.3% during the third quarter. State Street Corp now owns 2,481,931 shares of the company's stock worth $570,819,000 after acquiring an additional 451,792 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Reddit by 38.4% during the third quarter. Bank of America Corp DE now owns 1,724,560 shares of the company's stock worth $396,632,000 after acquiring an additional 478,095 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Reddit by 419.0% during the third quarter. Invesco Ltd. now owns 1,487,941 shares of the company's stock worth $342,212,000 after acquiring an additional 1,201,237 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Reddit by 4.3% during the fourth quarter. Nordea Investment Management AB now owns 1,151,360 shares of the company's stock worth $265,273,000 after acquiring an additional 47,187 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RDDT. Oppenheimer cut their price objective on Reddit from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Friday, February 6th. Evercore reiterated an "outperform" rating and set a $290.00 price objective on shares of Reddit in a report on Friday, February 6th. The Goldman Sachs Group cut their price objective on Reddit from $236.00 to $206.00 and set a "neutral" rating for the company in a report on Friday, February 6th. Piper Sandler reiterated an "overweight" rating and set a $205.00 price objective (down from $290.00) on shares of Reddit in a report on Friday, February 6th. Finally, B. Riley Financial increased their price objective on Reddit from $245.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $238.46.

More Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Zacks highlights Reddit’s rapid advertising revenue growth, rising advertiser base and strong ROAS versus Alphabet, arguing Reddit has stronger upside potential among digital-advertising names — supportive for bullish sentiment. RDDT vs. GOOGL: Which Digital Advertising Stock Is a Better Buy?
• Positive Sentiment: Brokerage consensus is now a "Moderate Buy," which can attract momentum and institutional interest by signaling broad analyst support. Reddit Inc. NYSE: RDDT Receives Consensus Recommendation of "Moderate Buy" from Brokerages
• Positive Sentiment: Truist appears in press coverage as having issued a "Buy" for Reddit (reported by The Globe and Mail), which can directly support upside as large regional/big-bank calls often influence flows. Reddit Inc Class A (RDDT) Gets a Buy from Truist Financial
• Positive Sentiment: Wells Fargo initiated coverage on Reddit — initiation from a large shop can increase visibility and institutional flows. Wells Fargo & Company Initiates Coverage on Reddit NYSE: RDDT
• Neutral Sentiment: Reddit scheduled Q1 results for April 30 with a webcast; earnings cadence creates a near-term catalyst that may amplify price moves in either direction. Reddit to Announce First Quarter Results on Thursday, April 30, 2026
• Neutral Sentiment: Investor commentary (Jacob Funds letter via InsiderMonkey) outlines broader macro/AI risks and rationale for holding tech exposure; useful for context but not an immediate price driver. What Makes Reddit (RDDT) an Investment Bet?
• Neutral Sentiment: Analyses questioning whether it’s "too late" after sharp swings and discussion of AI data deals highlight valuation debate — keeps investor attention but ambiguous directional impact. Is It Too Late To Consider Reddit (RDDT) After Sharp Swings And AI Data Deals?
• Neutral Sentiment: Coverage on Reddit’s data deals and global growth frames upside but warns valuation expectations will be tested — mixed implications depending on upcoming execution. Reddit Data Deal And Global Growth Tested Against Valuation Expectations
• Negative Sentiment: Market-wide weakness (NYSE Composite stress) is cited as dragging Reddit shares lower at points; macro risk increases short-term downside sensitivity for a beta >2 name. Reddit Shares Weaken With Nyse Composite Reflecting Market Stress
• Negative Sentiment: One report notes Truist issuing a pessimistic forecast on Reddit’s price, a counterpoint to the buy call and a reminder of mixed analyst views that can increase volatility. Truist Financial Issues Pessimistic Forecast for Reddit NYSE: RDDT Stock Price

Insider Buying and Selling at Reddit

In other news, COO Jennifer L. Wong sold 33,507 shares of the firm's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $143.41, for a total value of $4,805,238.87. Following the sale, the chief operating officer directly owned 1,088,451 shares of the company's stock, valued at approximately $156,094,757.91. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Steve Ladd Huffman sold 18,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 448,576 shares in the company, valued at approximately $104,419,521.28. This represents a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders bought 61,000 shares of company stock valued at $8,870,815 and sold 316,115 shares valued at $51,962,936. 34.25% of the stock is currently owned by insiders.

Reddit Price Performance

Reddit stock opened at $139.89 on Monday. The company has a market capitalization of $26.72 billion, a price-to-earnings ratio of 53.39, a PEG ratio of 1.02 and a beta of 2.40. Reddit Inc. has a one year low of $90.78 and a one year high of $282.95. The company's fifty day moving average price is $141.61 and its two-hundred day moving average price is $189.68.

Reddit (NYSE:RDDT - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.96 by $0.28. The firm 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%. The business's quarterly revenue was up 69.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. As a group, sell-side analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current year.

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.

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