Adobe (NASDAQ:ADBE) Stock Unloaded Rep. Thomas H. Kean, Jr.

Key Points

• Representative Thomas H. Kean, Jr. sold between $1,001 and $15,000 in Adobe Inc. stock on July 29th as part of his "KEAN FAMILY PARTNERSHIP" account.
• Adobe's most recent quarterly earnings exceeded analysts' expectations, with an EPS of $5.06 and revenue of $5.87 billion, representing a 10.6% year-over-year growth.
• Analysts have mixed ratings for Adobe shares, with two giving a Strong Buy rating and a consensus target price of $467.58 among 28 analysts.

Representative Thomas H. Kean, Jr. (R-New Jersey) recently sold shares of Adobe Inc. NASDAQ: ADBE. In a filing disclosed on August 20th, the Representative disclosed that they had sold between $1,001 and $15,000 in Adobe stock on July 29th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Stryker NYSE: SYK on 7/31/2025.
• Sold $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 7/31/2025.
• Purchased $15,001 - $50,000 in shares of Check Point Software Technologies NASDAQ: CHKP on 7/29/2025.
• Purchased $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 6/30/2025.
• Sold $15,001 - $50,000 in shares of Stryker NYSE: SYK on 6/26/2025.
• Sold $1,001 - $15,000 in shares of WESCO International NYSE: WCC on 6/23/2025.
• Purchased $1,001 - $15,000 in shares of Danaher NYSE: DHR on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of AON NYSE: AON on 5/27/2025.

Adobe Stock Performance

NASDAQ ADBE opened at $353.43 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $587.75. The firm's fifty day simple moving average is $367.17 and its 200-day simple moving average is $390.51. The company has a market capitalization of $149.93 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The firm had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.80 billion. During the same quarter last year, the firm earned $4.48 earnings per share. The business's revenue for the quarter was up 10.6% on a year-over-year basis. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. As a group, sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Strategies LLC lifted its holdings in shares of Adobe by 1.5% in the fourth quarter. Eagle Strategies LLC now owns 1,465 shares of the software company's stock valued at $651,000 after purchasing an additional 22 shares in the last quarter. RB Capital Management LLC grew its holdings in shares of Adobe by 0.4% during the fourth quarter. RB Capital Management LLC now owns 4,944 shares of the software company's stock worth $2,198,000 after buying an additional 22 shares in the last quarter. Orin Green Financial LLC raised its position in Adobe by 3.8% in the 4th quarter. Orin Green Financial LLC now owns 621 shares of the software company's stock valued at $276,000 after buying an additional 23 shares during the last quarter. Schmidt P J Investment Management Inc. lifted its stake in Adobe by 2.9% in the 1st quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company's stock valued at $344,000 after acquiring an additional 25 shares in the last quarter. Finally, Diligent Investors LLC boosted its position in Adobe by 1.2% during the 4th quarter. Diligent Investors LLC now owns 2,160 shares of the software company's stock worth $961,000 after acquiring an additional 26 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ADBE shares. Redburn Atlantic cut Adobe from a "hold" rating to a "strong sell" rating and lowered their price target for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. DA Davidson reiterated a "buy" rating and issued a $500.00 target price on shares of Adobe in a research note on Friday, June 20th. Mizuho dropped their price target on shares of Adobe from $575.00 to $530.00 and set an "outperform" rating on the stock in a research note on Friday, June 13th. Robert W. Baird raised their price target on shares of Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Finally, Phillip Securities upgraded shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $467.58.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

Adobe Company Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.

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