FARMERS & MERCHANTS TRUST Co OF LONG BEACH Sells 8,941 Shares of Adobe Inc. $ADBE

FARMERS & MERCHANTS TRUST Co OF LONG BEACH trimmed its position in Adobe Inc. (NASDAQ:ADBE) by 82.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,922 shares of the software company’s stock after selling 8,941 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Adobe were worth $678,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ADBE. Arcadia Investment Management Corp MI grew its stake in Adobe by 4.9% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 23,911 shares of the software company’s stock worth $8,435,000 after buying an additional 1,122 shares during the last quarter. WealthPLAN Partners LLC boosted its holdings in Adobe by 41.0% in the third quarter. WealthPLAN Partners LLC now owns 5,828 shares of the software company’s stock worth $2,056,000 after acquiring an additional 1,696 shares in the last quarter. WealthPlan Investment Management LLC boosted its holdings in Adobe by 7.2% in the third quarter. WealthPlan Investment Management LLC now owns 12,216 shares of the software company’s stock worth $4,309,000 after acquiring an additional 824 shares in the last quarter. Kera Capital Partners Inc. grew its stake in shares of Adobe by 58.9% during the third quarter. Kera Capital Partners Inc. now owns 1,827 shares of the software company’s stock worth $644,000 after acquiring an additional 677 shares during the last quarter. Finally, GWN Securities Inc. increased its holdings in shares of Adobe by 68.3% during the third quarter. GWN Securities Inc. now owns 1,491 shares of the software company’s stock valued at $534,000 after acquiring an additional 605 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on ADBE. DA Davidson reiterated a “buy” rating and issued a $500.00 target price on shares of Adobe in a research note on Thursday, December 11th. Wells Fargo & Company decreased their price target on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Stifel Nicolaus dropped their price objective on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Jefferies Financial Group downgraded Adobe from a “buy” rating to a “hold” rating and cut their target price for the company from $500.00 to $400.00 in a research report on Monday, January 5th. Finally, UBS Group set a $487.00 price target on Adobe in a research report on Sunday, December 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $406.44.

Adobe Trading Down 5.4%

NASDAQ ADBE opened at $309.93 on Wednesday. Adobe Inc. has a 1 year low of $307.91 and a 1 year high of $465.70. 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 company has a market capitalization of $129.74 billion, a PE ratio of 18.55, a P/E/G ratio of 1.29 and a beta of 1.53. The company has a fifty day moving average of $336.45 and a 200 day moving average of $348.73.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same quarter last year, the business posted $4.81 EPS. The company’s revenue 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. Research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Retail investors remain supportive in some channels despite the sell-side pressure, which could limit downside if buying persists. ADBE shares slip on analyst downgrades — but why is retail bullish?
• Positive Sentiment: Bull case reminders: Some commentators highlight Adobe’s attractive long-term fundamentals and recurring revenue profile, which may prompt value-seeking investors to accumulate after the pullback. What Makes Adobe (ADBE) an Attractive Opportunity?
• Neutral Sentiment: Broader market and macro moves (surprise inflation prints, tech rotation) are pressuring software names including Adobe; some of the day’s weakness reflects sector flows rather than company-specific news. Salesforce and Adobe see their stocks slide as AI fears intensify
• Negative Sentiment: Goldman Sachs initiated coverage with a Sell rating and $290 target, signaling near-term downside and prompting institutional selling pressure. Finviz / The Fly coverage of Goldman Sachs sell
• Negative Sentiment: Multiple sell-side downgrades and lower price targets (Oppenheimer, BMO, Jefferies moves reported) are compressing the stock as analysts point to limited near‑term catalysts. Adobe (ADBE) Downgraded as Analysts See Limited Near-Term Catalysts
• Negative Sentiment: AI-related headwinds: analysts and commentators warn that AI is reshaping software competition and could hurt incumbents, with specific pieces recommending caution on Adobe. AI Could Spell Trouble for Software. These Experts Say to Avoid One Stock In Particular
• Negative Sentiment: Competitive pressure from Apple’s lower‑cost creative app suite and similar offerings raises concerns about pricing/market share for parts of Adobe’s Creative Cloud business. Apple Hits Adobe Where It Hurts With an Affordable Creative App Suite
• Negative Sentiment: Stock hit a 52‑week low during the session, reflecting the cumulative effect of downgrades, negative headlines and weak sector momentum. Adobe stock hits 52-week low at $311.55

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 149 shares of the firm’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 transaction of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

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.