Lazard Freres Gestion S.A.S. Trims Stock Position in Adobe Inc. $ADBE
Lazard Freres Gestion S.A.S. reduced its stake in Adobe Inc. by 6.1% in the fourth quarter, selling 4,924 shares and ending with 75,782 shares valued at approximately $26.5 million. This reduction comes amid notable insider selling, including CEO Shantanu Narayen and CAO Jillian Forusz. Despite a recent $25 billion share buyback authorization, analysts maintain a consensus "Hold" rating with an average price target of $338.15.
https://www.marketbeat.com/instant-alerts/filing-lazard-freres-gestion-sas-trims-stock-position-in-adobe-inc-adbe-2026-05-20/