JB Capital LLC Has $4.19 Million Stock Position in Adobe Inc. $ADBE

JB Capital LLC grew its stake in Adobe Inc. (NASDAQ:ADBE) by 1,950.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,872 shares of the software company’s stock after buying an additional 11,293 shares during the quarter. JB Capital LLC’s holdings in Adobe were worth $4,188,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in shares of Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after purchasing an additional 167 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its position in Adobe by 43.9% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 8,411 shares of the software company’s stock valued at $3,226,000 after buying an additional 2,567 shares during the last quarter. 1248 Management LLC bought a new stake in Adobe in the 1st quarter valued at approximately $25,000. First Manhattan CO. LLC. boosted its position in Adobe by 2.1% during the 1st quarter. First Manhattan CO. LLC. now owns 5,624 shares of the software company’s stock worth $2,157,000 after acquiring an additional 117 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its position in Adobe by 7.4% during the 1st quarter. EP Wealth Advisors LLC now owns 48,703 shares of the software company’s stock worth $18,679,000 after acquiring an additional 3,357 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

Shares of ADBE opened at $352.39 on Wednesday. The company has a market cap of $147.51 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54. The firm has a 50-day moving average of $338.85 and a 200-day moving average of $352.17. Adobe Inc. has a one year low of $311.58 and a one 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.

Adobe (NASDAQ:ADBE) last issued its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.11 billion. During the same period last year, the business posted $4.81 EPS. Adobe’s revenue 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. As a group, equities analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wolfe Research lowered their price objective on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. UBS Group set a $487.00 target price on shares of Adobe in a research report on Sunday, December 14th. Morgan Stanley lowered their price target on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. DA Davidson reissued a “buy” rating and set a $500.00 price target on shares of Adobe in a research report on Thursday, December 11th. Finally, Barclays restated an “overweight” rating and set a $415.00 price objective on shares of Adobe in a research note on Friday, December 5th. One research 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. According to data from MarketBeat, Adobe has a consensus rating of “Hold” and a consensus price target of $417.93.

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.