Adobe Inc. $ADBE Stock Position Decreased by Amiral Gestion

robot
Abstract generation in progress

Amiral Gestion significantly reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 20.1% in Q4, making it still their second-largest holding despite the sale of 24,967 shares. This move comes as Adobe faces market pressures, including a stock trading down approximately 2.5% near its 52-week low, a $150 million settlement, and increased AI competition, although the company did beat quarterly earnings expectations. Institutional ownership remains high at 81.79%, yet analysts have a consensus “Hold” rating with an average target price of $343.88.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin