Lido Advisors LLC Has $9.23 Million Holdings in Adobe Inc. $ADBE

Lido Advisors LLC trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 67.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,955 shares of the software company’s stock after selling 77,330 shares during the period. Lido Advisors LLC’s holdings in Adobe were worth $9,226,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ADBE. Willis Investment Counsel increased its position in shares of Adobe by 138.9% in the 4th quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock valued at $14,250,000 after acquiring an additional 23,671 shares during the period. Nicholas Company Inc. raised its stake in Adobe by 7.6% in the 4th quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock worth $61,117,000 after acquiring an additional 12,400 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Adobe by 13.4% during the 4th quarter. Teacher Retirement System of Texas now owns 215,611 shares of the software company’s stock worth $75,462,000 after acquiring an additional 25,435 shares during the period. Wealthfront Advisers LLC lifted its position in Adobe by 13.2% during the 4th quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock worth $19,312,000 after acquiring an additional 6,426 shares during the period. Finally, True North Advisors LLC grew its stake in Adobe by 301.1% during the 4th quarter. True North Advisors LLC now owns 6,493 shares of the software company’s stock valued at $2,273,000 after purchasing an additional 4,874 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ADBE shares. Sanford C. Bernstein cut their price objective on Adobe from $447.00 to $379.00 and set an “outperform” rating on the stock in a report on Friday, June 12th. The Goldman Sachs Group decreased their target price on Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a report on Friday, June 12th. Mizuho dropped their target price on Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Citigroup reiterated a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Adobe in a research report on Wednesday, June 3rd. Seven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $271.30.

Insider Activity at Adobe

In other news, Director David A. Ricks bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the purchase, the director directly owned 17,655 shares in the company, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the sale, the chief accounting officer directly owned 3,521 shares in the company, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.20% of the company’s stock.

Adobe Stock Down 2.8%

Adobe stock opened at $212.17 on Friday. The firm has a market cap of $84.34 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 0.73 and a beta of 1.43. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $376.16. The business’s 50-day moving average price is $227.23 and its 200 day moving average price is $252.03. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the company posted $5.06 earnings per share. Adobe’s revenue for the quarter was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. As a group, sell-side analysts anticipate that Adobe Inc. will post 19.81 earnings per share for the current year.

Adobe declared that its Board of Directors has authorized a stock buyback plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the software company to reacquire up to 24.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Negative Sentiment: Morgan Stanley downgraded Adobe to underweight from equal-weight and cut its price target to $240 from $365, citing concerns that Adobe’s move toward free basic services could pressure subscription revenue, along with leadership uncertainty and other strategic shifts. Why Adobe (ADBE) Shares Are Sliding Today
• Negative Sentiment: Zacks said Adobe’s large pullback from its 52-week high reflects investor doubts about AI monetization, slower near-term ARR growth, and ongoing leadership changes despite strong product adoption. Adobe Drops 40% From 52-Week High: Buy, Sell or Hold the Stock?
• Negative Sentiment: Adobe’s stock also underperformed peers recently, reinforcing the view that sentiment remains weak relative to other software names. Adobe Inc. stock underperforms Wednesday when compared to competitors
• Neutral Sentiment: CLSA reportedly initiated coverage with a moderate buy rating, which offers a counterpoint to the bearish calls but has not yet offset the broader negative sentiment. Adobe (NASDAQ:ADBE) Earns Moderate Buy Rating from Analysts at CLSA
• Neutral Sentiment: Insider activity was mixed across the tech sector, with one note highlighting that Eli Lilly CEO David Ricks bought Adobe shares, though this is not enough on its own to change the near-term narrative. Insider Moves Are Sending Mixed Signals Across the Tech Sector

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.