Exchange Traded Concepts LLC Sells 29,993 Shares of Adobe Inc. $ADBE

Exchange Traded Concepts LLC lessened its stake in Adobe Inc. (NASDAQ:ADBE) by 60.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,670 shares of the software company’s stock after selling 29,993 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Adobe were worth $6,939,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. 1248 Management LLC purchased a new position in Adobe in the 1st quarter valued at approximately $25,000. LSV Asset Management raised its stake in shares of Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after purchasing an additional 56 shares during the period. Flaharty Asset Management LLC bought a new stake in shares of Adobe during the 1st quarter valued at $29,000. Nexus Investment Management ULC purchased a new stake in Adobe during the 2nd quarter worth about $31,000. Finally, Horizon Financial Services LLC boosted its stake in Adobe by 4,000.0% in 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. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ADBE has been the topic of several analyst reports. Mizuho decreased their price target on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research note on Monday. Citigroup raised their price target on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. UBS Group set a $487.00 price target on shares of Adobe in a report on Sunday, December 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Adobe in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $417.93.

Key Stores Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Partnership: Adobe partnered with Runway to deliver advanced AI video solutions for creators and brands — expands Adobe’s product ecosystem in generative video, supports monetization of creative-cloud and Premiere workflows. Adobe and Runway partner to bring advanced AI videos solutions for creators and brands
• Positive Sentiment: Bullish analysis: A Seeking Alpha piece argues 2025 set the stage for multi-year growth as Adobe’s AI investments and recurring revenue mix position the company for accelerating monetization. Adobe: 2025 Was A Setup
• Positive Sentiment: Analyst upgrade: Wall Street Zen upgraded Adobe to a “Buy,” which can support investor sentiment and buying interest in the near term. Adobe (NASDAQ:ADBE) Upgraded by Wall Street Zen to “Buy” Rating
• Neutral Sentiment: BMO view: BMO kept an Outperform rating but trimmed its price target to $400 (from $405), praising Q4 results while flagging competitive pressure in lower-end offerings and AI. That keeps institutional support but caps near-term upside. BMO Stays Outperform on Adobe (ADBE) Despite Competitive AI Pressures
• Neutral Sentiment: Duplicate coverage: InsiderMonkey also reports BMO’s PT cut to $400 while reiterating Outperform — reinforces the same mixed message (solid fundamentals, cautious on AI competition). BMO Stays Outperform on Adobe (ADBE) Despite Competitive AI Pressures
• Neutral Sentiment: Price-target trims: Multiple Wall Street firms trimmed Adobe price targets while still praising revenue growth and the long-term outlook — suggests analysts see ongoing execution but nearer-term valuation pressure. Wall Street Firms Cut Adobe Inc. (ADBE) Price Target but Tout Revenue Growth and Long-term Outlook
• Negative Sentiment: Legal risk: Adobe was hit with a class-action lawsuit alleging misuse of data to train AI models — introduces regulatory, litigation and reputational risk that could pressure the stock if exposure grows. Adobe hit with class action over alleged AI training misuse

Adobe Stock Performance

NASDAQ ADBE opened at $352.42 on Wednesday. Adobe Inc. has a 52-week low of $311.58 and a 52-week high of $465.70. The company has a fifty day moving average of $337.43 and a 200-day moving average of $354.18. The company has a market capitalization of $147.52 billion, a P/E ratio of 21.09, a P/E/G ratio of 1.41 and a beta of 1.54. 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 released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter last year, the business posted $4.81 earnings per share. The company’s revenue for the quarter 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. As a group, equities research analysts predict that Adobe Inc. will post 16.65 EPS 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.