Shares of Adobe (ADBE) are down more than 26% year-to-date, weighed by rising AI competition and slower-than-hoped progress in monetizing new tools. The company reports its fourth-quarter Fiscal 2025 results on December 10, and Wall Street expects earnings of $5.40 per share on revenue of $6.11 billion. Ahead of the report, Citi analyst Tyler Radke reiterated a Hold rating on the stock and decreased the price target to $366 from $400. Meanwhile, top Barclays analyst Saket Kalia kept a Buy rating on the stock but cut his price target to $415 from $465, citing a more cautious view on ARR (annual recurring revenue) trends and the timing of the Semrush deal. With that in mind, it’s worth looking at who owns ADBE.
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Now, according to TipRanks’ ownership page, public companies and individual investors own 40.46% of ADBE. They are followed by ETFs, mutual funds, insiders, and other institutional investors at 30.39%, 18.51%, 10.47%, and 0.17%, respectively.

Digging Deeper into ADBE’s Ownership Structure
Looking closely at top shareholders, Vanguard owns the highest stake in Adobe at 8.42%. Next up is Vanguard Index Funds, which holds a 7.35% stake in the company.
Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 3.19% stake in Adobe stock, followed by the Vanguard S&P 500 ETF (VOO) with a 2.50% stake.
Moving to mutual funds, Vanguard Index Funds holds about 7.35% of ADBE. Meanwhile, Fidelity Concord Street Trust owns 1.79% of the stock.
Is ADBE Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on ADBE stock based on 18 Buys and seven Holds assigned in the past three months, as indicated by the graphic below. Furthermore, the average ADBE price target of $465.67 per share implies 34.49% upside potential.

Conclusion
TipRanks’ Ownership Tab provides valuable insights into the category-wise ownership structure of the company, enabling investors to make well-informed investment decisions.

