49,000 Shares in Adobe Inc. $ADBE Bought by Long Corridor Asset Management Ltd

Long Corridor Asset Management Ltd acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the second quarter, Holdings Channel.com reports. The firm acquired 49,000 shares of the software company’s stock, valued at approximately $10,046,000. Adobe comprises 3.0% of Long Corridor Asset Management Ltd’s investment portfolio, making the stock its 14th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ADBE. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe during the 3rd quarter worth about $26,000. Western Pacific Wealth Management LP acquired a new stake in Adobe in the 4th quarter worth about $26,000. TrustBank acquired a new stake in Adobe in the 4th quarter worth about $28,000. Lloyd Advisory Services LLC. purchased a new stake in Adobe during the 4th quarter worth approximately $31,000. Finally, Sankala Group LLC acquired a new position in shares of Adobe during the fourth quarter valued at approximately $31,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the sale, the chief accounting officer directly owned 3,824 shares in the company, valued at $1,010,797.92. This represents a 9.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Ricks bought 10,000 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was bought at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the purchase, the director directly owned 17,655 shares in the company, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ADBE shares. Wells Fargo & Company decreased their target price on Adobe from $330.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Wolfe Research cut Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 12th. The Goldman Sachs Group reduced their price objective on Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a research note on Friday, June 12th. DA Davidson decreased their price objective on Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, June 12th. Finally, Freedom Capital lowered Adobe from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Adobe presently has an average rating of “Hold” and a consensus target price of $270.96.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bank of America raised its Adobe price target, citing the company’s potential to monetize AI and its positioning within a broader software-sector rally. The forecast increase has reinforced bullish sentiment toward ADBE. Bank of America price-target increase
• Positive Sentiment: Adobe expanded Firefly’s capabilities by making AI-generated music, voiceovers, and sound effects broadly available. The move strengthens Adobe’s creative-AI product portfolio and could support new user adoption, engagement, and revenue opportunities. Adobe Firefly audio tools
• Positive Sentiment: An Adobe survey reported that 87% of creators say AI is helping them grow their businesses. The findings support demand for Adobe’s AI tools, although survey data is not a direct measure of financial performance. Adobe creator AI report
• Neutral Sentiment: Several analysts and market commentators describe Adobe’s valuation as attractive after its recovery, with some viewing the rebound as the beginning of a stronger turnaround. However, the stock’s outlook remains dependent on converting AI interest into sustained growth and cash flow. Adobe recovery analysis
• Negative Sentiment: Adobe has risen roughly 45% from its 2026 low, prompting caution that much of the near-term recovery may already be priced in. One analysis recommends taking some profits despite still-reasonable valuation metrics. Adobe rally and valuation analysis
• Negative Sentiment: Commentary warning that profitability alone cannot protect companies from intensifying competition highlights a longer-term risk for Adobe, particularly as generative-AI rivals pressure pricing and product differentiation. Profitability and competition analysis

Adobe Stock Up 1.1%

ADBE stock opened at $275.30 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average of $232.61 and a two-hundred day moving average of $244.99. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $370.86. The company has a market cap of $109.43 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.92 and a beta of 1.40.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.06 EPS. 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, analysts forecast that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

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.