Baillie Gifford disclosed a 5.23% passive stake in Reddit in a Schedule 13G filing on May 7, 2026. The investment firm holds sole dispositive power over 7,309,109 shares.
The position follows Reddit's first-quarter 2026 earnings report on April 30. The company exceeded analyst expectations during the quarter.
Zacks Investment Research upgraded Reddit to Strong-Buy on May 7, 2026. Analysts named Reddit the Bull of the Day, citing accelerating growth and rising earnings estimates.