Moran Wealth Management 13F: New $2.1M Stake in Reddit (RDDT)

Moran Wealth Management opened a brand-new position in Reddit, Inc. (NYSE: RDDT), picking up 14,987 shares. According to a Form 13F filing with the SEC on October 22, 2026, the stake had a reported value of about $2.13 million.

RDDT Reddit, Inc.

$150.26 ▼ -37.88% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Moran Wealth Management's Reddit Position

The filing shows Moran Wealth Management initiated its stake during the period, moving from zero shares up to 14,987 shares. Reddit closed at $150.26 on the filing date.

Other Institutional Activity in Reddit

Other large funds have also adjusted their portfolios around the digital platform company. Coatue Management reduced its holdings by 2,760,350 shares, ending with 2,789,891 shares worth about $486.53 million. Portman Square Capital grew its holdings by 164,901 shares, ending with 478,773 shares worth about $68.20 million. D1 Capital Partners L.P. grew its holdings by 340,554 shares, ending with 2,459,151 shares worth about $428.85 million. Baillie Gifford & Co trimmed 117,675 shares to finish with 7,191,302 shares valued at approximately $1.08 billion. Alliancebernstein L.P. cut 703,017 shares, leaving it with 4,168,897 shares valued at around $626.42 million.

Reddit, Inc. Stock Down 3.4%

Reddit shares recently traded around $150.31 as of October 23, roughly equal to the $150.26 close on the filing date. The stock sits about 2.5% below its 50-day moving average of $154.15 and roughly 8.1% below its 200-day moving average of $163.56. Shares have traded in a 52-week range between $119.27 and $263.50.

Recent Earnings

Reddit generated trailing-twelve-month revenue of $2.78 billion alongside $4.30 in earnings per share. The company reported a net profit margin of 31.3% and a return on equity of 30.7%. Its next quarterly financial update is scheduled for October 29, 2026.

Dividend

Reddit does not pay a regular dividend to shareholders.

Insider Buying and Selling at Reddit, Inc.

Company insiders have actively adjusted their holdings in recent months. CEO and President Steve Ladd Huffman purchased 18,000 shares on June 15 for $455,220, but later sold 17,308 shares on October 13 for roughly $2.74 million under a trading plan. Chief Operating Officer Jennifer Wong sold 39,166 shares on June 16 for about $6.93 million, and Chief Operating Officer Jennifer L. Wong sold 60,000 shares on October 14 for roughly $9.03 million.

Analysts Set New Price Targets

Wall Street firms continue to evaluate the company ahead of upcoming reports. On July 31, JP Morgan maintained a neutral stance with a $185 price target, down from $200. On the same day, Oppenheimer kept an outperform rating while lowering its target from $225 to $200. Morgan Stanley maintained its overweight rating on August 21 with a target moved from $240 to $210. DA Davidson kept a buy rating on September 18 while lowering its target to $185 from $200. Needham reiterated a buy rating on October 9 with a $300 price target. Overall, the stock carries a consensus buy rating and a mean target price of $212.95 from 33 analysts.

About Reddit

Headquartered in San Francisco, Reddit operates an online platform where users connect through distinct communities based on shared interests. Individuals participate by sharing links, text conversations, images, and videos while interacting across millions of active boards. The company generates revenue primarily through digital advertising and platform services.

Bottom Line

Market participants will look toward Reddit's upcoming financial results on October 29 for further clues on user growth and ad revenue trends. Institutional filings and insider transaction disclosures will continue to map how major stakeholders position themselves around the stock.