AQR Capital Management LLC Has $644.95 Million Stock Position in Adobe Inc. $ADBE

AQR Capital Management LLC boosted its stake in Adobe Inc. (NASDAQ:ADBE) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,667,046 shares of the software company’s stock after buying an additional 34,257 shares during the quarter. Adobe makes up about 0.5% of AQR Capital Management LLC’s investment portfolio, making the stock its 17th largest position. AQR Capital Management LLC owned 0.39% of Adobe worth $644,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Avenir Corp bought a new stake in shares of Adobe in the 2nd quarter worth about $29,248,000. Abbot Financial Management Inc. lifted its holdings in Adobe by 22.3% during the 2nd quarter. Abbot Financial Management Inc. now owns 2,372 shares of the software company’s stock valued at $918,000 after purchasing an additional 433 shares during the last quarter. Vista Capital Partners Inc. boosted its position in Adobe by 5.8% in the second quarter. Vista Capital Partners Inc. now owns 624 shares of the software company’s stock valued at $241,000 after buying an additional 34 shares in the last quarter. Florida Financial Advisors LLC boosted its position in Adobe by 29.3% in the second quarter. Florida Financial Advisors LLC now owns 1,456 shares of the software company’s stock valued at $561,000 after buying an additional 330 shares in the last quarter. Finally, Financial Advisors Network Inc. grew its stake in Adobe by 10.6% during the second quarter. Financial Advisors Network Inc. now owns 6,639 shares of the software company’s stock worth $2,568,000 after buying an additional 635 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADBE has been the subject of a number of research analyst reports. Cowen reiterated a “hold” rating on shares of Adobe in a research note on Monday. Redburn Partners set a $280.00 price target on Adobe in a report on Monday, September 1st. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a report on Thursday. Finally, Jefferies Financial Group lowered their target price on Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $413.19.

Insider Transactions at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the stock in a transaction dated Friday, October 31st. The stock was 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 in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Adobe Stock Performance

Shares of ADBE stock opened at $356.43 on Friday. The stock has a market cap of $149.20 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.29 and a beta of 1.54. The stock has a 50-day moving average of $336.07 and a 200-day moving average of $357.87. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. Adobe Inc. has a one year low of $311.58 and a one year high of $474.91.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm 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, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

About Adobe

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.