Retirement Guys Formula LLC Reduces Holdings in Adobe Inc. $ADBE

Retirement Guys Formula LLC lowered its position in Adobe Inc. (NASDAQ:ADBE) by 59.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,605 shares of the software company’s stock after selling 2,380 shares during the quarter. Retirement Guys Formula LLC’s holdings in Adobe were worth $566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LSV Asset Management raised its position in shares of Adobe by 350.0% in 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 in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Adobe during the first quarter worth approximately $29,000. Nexus Investment Management ULC bought a new stake in shares of Adobe in the second quarter worth $31,000. Horizon Financial Services LLC raised its holdings in Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after acquiring an additional 80 shares in the last quarter. Finally, 1248 Management LLC acquired a new stake in Adobe in the first quarter valued at $33,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bull case highlighting AI monetization, valuation gap and a $595 price target argues Adobe is underpriced and will benefit from workflow AI integration; this supports a longer-term bullish thesis for ADBE. Adobe: Mispriced, Misunderstood, And Monetizing AI
• Positive Sentiment: Long-term performance piece: a retrospective showing strong multi-decade total return for Adobe, which can support investor confidence in ADBE as a secular growth ownership story. If You Invested $100 In Adobe Stock 20 Years Ago, You Would Have This Much Today
• Neutral Sentiment: Zacks issued a FY2028 earnings projection (EPS $24.05), signaling confidence in multi‑year earnings growth even as near‑term estimates shift; longer‑term estimates can moderate panic but are further out. (No direct link provided)
• Neutral Sentiment: Regulatory bill (HUSTLE Act) mentions Adobe among companies that could see increased demand for content tools if NIL-driven creator activity expands — a small, policy‑driven upside over time. New Bill: Senator Marsha Blackburn introduces S. 3378
• Neutral Sentiment: Market commentary and watchlists (e.g., “Final Trades” video) include Adobe as a stock to monitor, keeping it on investor radar but not providing immediate catalysts. Final Trades: Adobe, Alibaba and Goldman Sachs
• Negative Sentiment: Zacks Research reduced its Q4 2026 EPS estimate for Adobe from $5.05 to $4.90 — a near‑term downward revision that can pressure sentiment and valuation multiples. (Reported via MarketBeat summary)
• Negative Sentiment: Macro headwinds: U.S. stock futures and economic headlines turned negative at the end of the year, contributing to broad market selling that hurt higher‑beta, growth‑oriented names like ADBE. U.S. Stock Futures in Red to Close an Impressive 2025

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ADBE shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a report on Monday. Cowen reaffirmed a “hold” rating on shares of Adobe in a research report on Monday, December 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $430.00 price objective on shares of Adobe in a report on Thursday, December 11th. Wells Fargo & Company cut their price objective on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Finally, Wolfe Research decreased their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $417.93.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction 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 sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Adobe Stock Down 0.7%

ADBE stock opened at $349.99 on Friday. The firm’s 50-day moving average is $338.69 and its two-hundred day moving average is $352.14. The company has a market capitalization of $146.51 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.52. Adobe Inc. has a 52 week low of $311.58 and a 52 week high of $465.70. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter last year, the business earned $4.81 earnings per share. The business’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. On average, analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.