Channel Wealth LLC Sells 4,691 Shares of Adobe Inc. $ADBE

Channel Wealth LLC lessened its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 47.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,150 shares of the software company’s stock after selling 4,691 shares during the quarter. Channel Wealth LLC’s holdings in Adobe were worth $1,817,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Adobe by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock valued at $2,097,289,000 after purchasing an additional 126,688 shares in the last quarter. Norges Bank bought a new stake in Adobe during the 2nd quarter worth approximately $2,029,950,000. Amundi raised its holdings in Adobe by 24.7% during the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after buying an additional 961,895 shares during the period. Invesco Ltd. lifted its stake in Adobe by 16.1% in the second quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after buying an additional 610,215 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Adobe by 17.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after buying an additional 548,903 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $354.66 on Thursday. The stock has a market capitalization of $148.46 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.37 and a beta of 1.54. Adobe Inc. has a 52 week low of $311.58 and a 52 week high of $465.70. The stock has a 50 day moving average price of $336.20 and a 200 day moving average price of $356.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter in the prior year, the business posted $4.81 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADBE has been the topic of a number of research analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $430.00 price objective on shares of Adobe in a report on Thursday, December 11th. Wells Fargo & Company dropped their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Citigroup upped their price objective on Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a research note on Thursday, December 11th. Finally, Mizuho reduced their price target on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $417.93.

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated 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 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 legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.

Adobe Profile

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.