Exchange Traded Concepts LLC Cuts Stock Holdings in Adobe Inc. $ADBE

Exchange Traded Concepts LLC reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 60.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,670 shares of the software company’s stock after selling 29,993 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Adobe were worth $6,939,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADBE. Lathrop Investment Management Co. lifted its stake in Adobe by 2.8% in the second quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock worth $10,269,000 after acquiring an additional 718 shares during the period. Mcdaniel Terry & Co. raised its holdings in Adobe by 2.8% in the 2nd quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock worth $15,284,000 after purchasing an additional 1,093 shares in the last quarter. Jackson Thornton Wealth Management LLC purchased a new stake in shares of Adobe in the 2nd quarter worth about $328,000. Bourgeon Capital Management LLC boosted its stake in shares of Adobe by 41.0% during the 2nd quarter. Bourgeon Capital Management LLC now owns 24,680 shares of the software company’s stock valued at $9,548,000 after purchasing an additional 7,176 shares in the last quarter. Finally, Svenska Handelsbanken AB publ bought a new stake in shares of Adobe during the 3rd quarter valued at about $34,922,000. Institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the business’s 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 completion of the transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by company insiders.

Key Stores Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Partnership: Adobe partnered with Runway to deliver advanced AI video solutions for creators and brands — expands Adobe’s product ecosystem in generative video, supports monetization of creative-cloud and Premiere workflows. Adobe and Runway partner to bring advanced AI videos solutions for creators and brands
• Positive Sentiment: Bullish analysis: A Seeking Alpha piece argues 2025 set the stage for multi-year growth as Adobe’s AI investments and recurring revenue mix position the company for accelerating monetization. Adobe: 2025 Was A Setup
• Positive Sentiment: Analyst upgrade: Wall Street Zen upgraded Adobe to a “Buy,” which can support investor sentiment and buying interest in the near term. Adobe (NASDAQ:ADBE) Upgraded by Wall Street Zen to “Buy” Rating
• Neutral Sentiment: BMO view: BMO kept an Outperform rating but trimmed its price target to $400 (from $405), praising Q4 results while flagging competitive pressure in lower-end offerings and AI. That keeps institutional support but caps near-term upside. BMO Stays Outperform on Adobe (ADBE) Despite Competitive AI Pressures
• Neutral Sentiment: Duplicate coverage: InsiderMonkey also reports BMO’s PT cut to $400 while reiterating Outperform — reinforces the same mixed message (solid fundamentals, cautious on AI competition). BMO Stays Outperform on Adobe (ADBE) Despite Competitive AI Pressures
• Neutral Sentiment: Price-target trims: Multiple Wall Street firms trimmed Adobe price targets while still praising revenue growth and the long-term outlook — suggests analysts see ongoing execution but nearer-term valuation pressure. Wall Street Firms Cut Adobe Inc. (ADBE) Price Target but Tout Revenue Growth and Long-term Outlook
• Negative Sentiment: Legal risk: Adobe was hit with a class-action lawsuit alleging misuse of data to train AI models — introduces regulatory, litigation and reputational risk that could pressure the stock if exposure grows. Adobe hit with class action over alleged AI training misuse

Adobe Price Performance

ADBE opened at $352.42 on Wednesday. The stock has a 50-day moving average price of $337.43 and a 200-day moving average price of $354.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The firm has a market cap of $147.52 billion, a PE ratio of 21.09, a P/E/G ratio of 1.41 and a beta of 1.54. Adobe Inc. has a 1 year low of $311.58 and a 1 year high of $465.70.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating the consensus estimate of $5.40 by $0.10. The company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. Adobe’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.81 EPS. 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 predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Oppenheimer decreased their price target on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. Wolfe Research decreased their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Barclays restated an “overweight” rating and issued a $415.00 target price on shares of Adobe in a research note on Friday, December 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $430.00 price target on shares of Adobe in a research note on Thursday, December 11th. Finally, BMO Capital Markets lowered their price objective on Adobe from $405.00 to $400.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Adobe presently has a consensus rating of “Hold” and a consensus price target of $417.93.

Adobe Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.