MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $196.81 Million Position in Adobe Inc. $ADBE

by · The Markets Daily

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its stake in Adobe Inc. (NASDAQ:ADBE – Free Report) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 508,763 shares of the software company’s stock after selling 9,871 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Adobe were worth $196,812,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. 1248 Management LLC bought a new stake in shares of Adobe during the first quarter worth $25,000. LSV Asset Management boosted its holdings in Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after acquiring an additional 56 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in Adobe in the first quarter worth about $29,000. Nexus Investment Management ULC bought a new stake in Adobe during the 2nd quarter worth about $31,000. Finally, Horizon Financial Services LLC raised its holdings in Adobe by 4,000.0% during 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 last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Price Performance

NASDAQ:ADBE opened at $350.43 on Friday. The company has a market cap of $146.69 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.26 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 1.02. Adobe Inc. has a 52-week low of $311.58 and a 52-week high of $494.00. The stock’s 50-day simple moving average is $335.88 and its 200 day simple moving average is $358.23.

Adobe (NASDAQ:ADBE – Get Free Report) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating the consensus estimate of $5.40 by $0.10. The company 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 60.67% and a net margin of 30.00%.The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADBE has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Citigroup reduced their price objective on shares of Adobe from $400.00 to $366.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Cowen reiterated a “hold” rating on shares of Adobe in a research report on Monday. Piper Sandler cut their price target on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Finally, UBS Group reaffirmed a “neutral” rating and set a $375.00 price objective on shares of Adobe in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe currently has a consensus rating of “Hold” and an average price target of $413.19.

Read Our Latest Research Report on ADBE

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Adobe Profile

(Free Report)

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.

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