Oliver Lagore Vanvalin Investment Group Invests $1.42 Million in Adobe Inc. $ADBE

Key Points

• Oliver Lagore Vanvalin Investment Group purchased 3,702 shares of Adobe Inc. for approximately $1,420,000 during the second quarter, increasing institutional ownership to 81.79% of the company.
• Adobe's stock is currently rated as a "Moderate Buy" with a consensus target price of $435.63, reflecting upgrades from various analysts.
• Adobe reported a 10.7% year-over-year revenue growth with $5.99 billion in revenue and an EPS of $5.31, exceeding analysts' expectations.

Oliver Lagore Vanvalin Investment Group bought a new position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,702 shares of the software company's stock, valued at approximately $1,420,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH increased its holdings in shares of Adobe by 252.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock worth $25,000 after buying an additional 39,888 shares in the last quarter. 1248 Management LLC acquired a new stake in Adobe in the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Adobe in the first quarter valued at $26,000. SWAN Capital LLC acquired a new stake in Adobe in the fourth quarter valued at $28,000. Finally, Copia Wealth Management acquired a new stake in Adobe in the fourth quarter valued at $28,000. 81.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Stifel Nicolaus decreased their price objective on Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a report on Friday, June 13th. Mizuho decreased their price target on Adobe from $530.00 to $460.00 and set an "outperform" rating for the company in a report on Monday, September 8th. BMO Capital Markets reduced their target price on Adobe from $450.00 to $405.00 and set an "outperform" rating for the company in a research note on Friday, September 12th. Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Adobe in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $435.63.

Adobe Stock Down 0.5%

NASDAQ ADBE traded down $1.82 during trading hours on Monday, hitting $364.08. The company's stock had a trading volume of 4,704,525 shares, compared to its average volume of 5,210,053. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90. The company has a market capitalization of $154.44 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.64 and a beta of 1.48. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. The company's 50-day simple moving average is $355.82 and its two-hundred day simple moving average is $375.39.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.91 billion. During the same quarter last year, the firm earned $4.65 EPS. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.