Adobe Inc. $ADBE Shares Sold by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH cut its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 82.3% during the third quarter, Holdings Channel.com reports. The fund owned 1,922 shares of the software company’s stock after selling 8,941 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Adobe were worth $678,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ADBE. Norges Bank purchased a new stake in shares of Adobe in the second quarter valued at approximately $2,029,950,000. Assenagon Asset Management S.A. grew its stake in Adobe by 308.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock valued at $1,202,979,000 after acquiring an additional 2,347,562 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Adobe in the 2nd quarter worth $318,224,000. Franklin Resources Inc. increased its holdings in Adobe by 68.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock worth $750,168,000 after acquiring an additional 791,077 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in Adobe by 218.5% during the second quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock worth $415,434,000 after acquiring an additional 736,682 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Retail investors remain supportive in some channels despite the sell-side pressure, which could limit downside if buying persists. ADBE shares slip on analyst downgrades — but why is retail bullish?
• Positive Sentiment: Bull case reminders: Some commentators highlight Adobe’s attractive long-term fundamentals and recurring revenue profile, which may prompt value-seeking investors to accumulate after the pullback. What Makes Adobe (ADBE) an Attractive Opportunity?
• Neutral Sentiment: Broader market and macro moves (surprise inflation prints, tech rotation) are pressuring software names including Adobe; some of the day’s weakness reflects sector flows rather than company-specific news. Salesforce and Adobe see their stocks slide as AI fears intensify
• Negative Sentiment: Goldman Sachs initiated coverage with a Sell rating and $290 target, signaling near-term downside and prompting institutional selling pressure. Finviz / The Fly coverage of Goldman Sachs sell
• Negative Sentiment: Multiple sell-side downgrades and lower price targets (Oppenheimer, BMO, Jefferies moves reported) are compressing the stock as analysts point to limited near‑term catalysts. Adobe (ADBE) Downgraded as Analysts See Limited Near-Term Catalysts
• Negative Sentiment: AI-related headwinds: analysts and commentators warn that AI is reshaping software competition and could hurt incumbents, with specific pieces recommending caution on Adobe. AI Could Spell Trouble for Software. These Experts Say to Avoid One Stock In Particular
• Negative Sentiment: Competitive pressure from Apple’s lower‑cost creative app suite and similar offerings raises concerns about pricing/market share for parts of Adobe’s Creative Cloud business. Apple Hits Adobe Where It Hurts With an Affordable Creative App Suite
• Negative Sentiment: Stock hit a 52‑week low during the session, reflecting the cumulative effect of downgrades, negative headlines and weak sector momentum. Adobe stock hits 52-week low at $311.55

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the company’s 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 sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

Adobe Price Performance

ADBE stock opened at $309.93 on Wednesday. Adobe Inc. has a 1 year low of $307.91 and a 1 year high of $465.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The firm has a market capitalization of $129.74 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.29 and a beta of 1.53. The business has a 50 day simple moving average of $336.45 and a 200-day simple moving average of $348.73.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ADBE shares. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research note on Monday, December 22nd. Morgan Stanley lowered their price objective on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. Cowen reiterated a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Oppenheimer downgraded Adobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, The Goldman Sachs Group initiated coverage on Adobe in a research note on Monday. They issued a “sell” rating and a $290.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Adobe presently has a consensus rating of “Hold” and a consensus price target of $406.44.

Adobe 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.