Adobe Inc. $ADBE Shares Sold by Bey Douglas LLC

Bey Douglas LLC lowered its position in shares of Adobe Inc. (NASDAQ:ADBE) by 25.5% in the third quarter, Holdings Channel reports. The institutional investor owned 11,416 shares of the software company’s stock after selling 3,907 shares during the period. Adobe accounts for 3.0% of Bey Douglas LLC’s holdings, making the stock its 13th biggest holding. Bey Douglas LLC’s holdings in Adobe were worth $4,027,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management raised its holdings in Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares in the last quarter. Nexus Investment Management ULC purchased a new stake in Adobe in the 2nd quarter valued at approximately $31,000. Horizon Financial Services LLC increased its position in Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after purchasing an additional 80 shares during the period. Total Investment Management Inc. purchased a new position in shares of Adobe during the 2nd quarter worth approximately $35,000. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of Adobe in the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ADBE shares. Wolfe Research dropped their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Stifel Nicolaus lowered their price target on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 price objective on shares of Adobe in a report on Thursday, December 11th. Finally, Mizuho dropped their target price on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $402.85.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe rolled out AI-powered video and motion-design upgrades for Premiere Pro and After Effects (plus Firefly enhancements) that strengthen Creative Cloud’s product differentiation and could support subscription retention and upsells. Adobe unveils new AI-powered video editing tools for Premiere – Engadget
• Positive Sentiment: Adobe pledged $10M to a film & TV fund and announced content partnerships that can expand professional use cases for its video and generative tools, supporting long‑term demand for Creative Cloud/Firefly. Adobe Pledges $10 Million to Film and TV Fund…
• Neutral Sentiment: Adobe made a $12 buyout offer for Semrush, a move that could broaden its marketing/SEO capabilities if completed but is now facing shareholder scrutiny; the deal’s outcome will affect acquisition upside and integration risk. Johnson Fistel Investigates Semrush Shareholders’ Rights…
• Neutral Sentiment: ADBE is drawing heightened investor attention and search interest; some outlets present it as a potential value play after the recent pullback, which could attract bargain hunters if sentiment stabilizes. Adobe Inc. (ADBE) is Attracting Investor Attention…
• Negative Sentiment: Analysts and comparisons highlight intensifying competition: ServiceNow is portrayed as having an edge from AI-driven workflow moves and deal activity, which raises questions about Adobe’s relative growth runway in enterprise workflows. ServiceNow vs. Adobe: Which Cloud Software Stock Has an Edge Now?
• Negative Sentiment: Broker and media coverage notes caution among analysts as AI disrupts SaaS economics and intensifies competition across Adobe’s core creative markets, pressuring sentiment and near‑term multiples. Cautious Analyst Sentiment on Adobe (ADBE)…
• Negative Sentiment: Price action shows weakness (multi‑session losses and mentions of 52‑week lows), reflecting investor worry that AI could hurt growth; that negative momentum can amplify short‑term downside even as product advances roll out. Adobe vs. Intuit: Which 52-Week Low Is a Buy?

Adobe Stock Up 1.3%

ADBE stock opened at $294.28 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50 day simple moving average is $332.38 and its 200-day simple moving average is $345.37. Adobe Inc. has a 12 month low of $288.33 and a 12 month high of $465.70. The firm has a market capitalization of $120.80 billion, a PE ratio of 17.61, a P/E/G ratio of 1.14 and a beta of 1.53.

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

Adobe Company 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.