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Northeast Investment Management cut its Adobe stake by 84.2%, yet Adobe's earnings surpassed expectations.
Northeast Investment Management significantly reduced its stake in Adobe Inc. by 84.2% in Q4 2020, selling 19,753 shares.
Despite this, Adobe reported strong earnings, with EPS at $4.81 and revenue of $5.61 billion, both surpassing expectations.
Several analysts have given "Moderate Buy" ratings with a consensus price target of $573.00.
Institutional investors have mixed views, with some increasing and others decreasing their holdings.
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Northeast Investment Management redujo su participación en Adobe en un 84,2%, pero las ganancias de Adobe superaron las expectativas.