General American Investors Co. Inc. Has $7.06 Million Holdings in Adobe Inc. $ADBE

General American Investors Co. Inc. cut its position in shares of Adobe Inc. (NASDAQ:ADBE) by 23.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,006 shares of the software company’s stock after selling 6,000 shares during the period. General American Investors Co. Inc.’s holdings in Adobe were worth $7,057,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ADBE. Brighton Jones LLC grew its position in Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after acquiring an additional 167 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Adobe by 25.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after purchasing an additional 486 shares during the last quarter. Patton Fund Management Inc. bought a new stake in Adobe in the second quarter worth $231,000. Sage Rhino Capital LLC acquired a new position in Adobe during the second quarter worth $205,000. Finally, Avior Wealth Management LLC raised its holdings in Adobe by 62.7% during the second quarter. Avior Wealth Management LLC now owns 1,928 shares of the software company’s stock valued at $746,000 after buying an additional 743 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Adobe Price Performance

Shares of ADBE stock opened at $304.72 on Tuesday. The stock has a 50 day moving average of $330.69 and a two-hundred day moving average of $343.59. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12 month low of $288.33 and a 12 month high of $465.70. The company has a market capitalization of $125.09 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.18 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data 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 business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.Adobe’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, equities analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ADBE shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 price target on shares of Adobe in a research note on Thursday, December 11th. Mizuho decreased their target price on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. DA Davidson reissued a “buy” rating and issued a $500.00 price target on shares of Adobe in a research report on Thursday, December 11th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, UBS Group lowered their target price on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $397.19.

About Adobe

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.