Channel Wealth LLC Has $1.82 Million Position in Adobe Inc. $ADBE

Channel Wealth LLC lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 47.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,150 shares of the software company’s stock after selling 4,691 shares during the period. Channel Wealth LLC’s holdings in Adobe were worth $1,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADBE. 1248 Management LLC bought a new position in shares of Adobe in the first quarter valued at about $25,000. LSV Asset Management grew its stake in Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after buying an additional 56 shares during the last quarter. Flaharty Asset Management LLC bought a new position in Adobe in the 1st quarter valued at about $29,000. Nexus Investment Management ULC bought a new position in Adobe in the 2nd quarter valued at about $31,000. Finally, Horizon Financial Services LLC lifted its position in Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after acquiring an additional 80 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Adobe Stock Up 1.9%

Shares of NASDAQ ADBE opened at $354.66 on Thursday. The stock has a market capitalization of $148.46 billion, a P/E ratio of 21.22, a PEG ratio of 1.37 and a beta of 1.54. The stock’s fifty day moving average is $336.20 and its 200 day moving average is $356.18. Adobe Inc. has a 52 week low of $311.58 and a 52 week high of $465.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the prior year, the company posted $4.81 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Sell-side analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ADBE shares. Piper Sandler decreased their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. TD Cowen decreased their price objective on Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. BMO Capital Markets dropped their target price on Adobe from $405.00 to $400.00 and set an “outperform” rating for the company in a report on Monday. Evercore ISI decreased their price target on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. Finally, UBS Group set a $487.00 price target on shares of Adobe in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $417.93.

Adobe Company Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.