Mirae Asset Global Investments Co. Ltd. increased its holdings in Reddit Inc. by 13,730.5% during the third quarter.

The firm added 47,782 shares, bringing its total position to 48,130 shares.

This stake was valued at approximately $11.07 million at the end of the quarter.

Reddit reported its last quarterly earnings on October 30th.

The company beat estimates, posting an EPS of $0.80 on revenues of $584.91 million.

The report also highlighted significant recent insider selling, including sales by the COO and CTO.

Analysts currently maintain a "Moderate Buy" consensus rating on the stock.