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Adobe Inc. $ADBE Shares Acquired by HF Advisory Group LLC
HF Advisory Group LLC significantly increased its stake in Adobe Inc. ($ADBE) during Q4, acquiring over 95,000 additional shares. Other major institutions like Federated Hermes and Victory Capital also boosted their holdings, with institutional ownership of Adobe now standing at 81.79%. Despite beating Q1 earnings estimates, Adobe faces mixed analyst sentiment, target price cuts, and concerns regarding AI commoditization and a recent privacy allegation.