MBB Public Markets I LLC Invests $310,000 in Adobe Inc. $ADBE

Key Points

• MBB Public Markets I LLC has acquired 807 shares of Adobe Inc., valued at approximately $310,000, marking their entry into the company's stock during the first quarter.
• Adobe reported a strong quarterly earnings performance, with $5.06 earnings per share, surpassing estimates, and a revenue increase of 10.6% from the previous year.
• Analysts have mixed ratings for Adobe, with a consensus rating of "Moderate Buy" and an average price target of $446.74, reflecting diverse opinions on the stock's future performance.

MBB Public Markets I LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 807 shares of the software company's stock, valued at approximately $310,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC increased its stake in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock valued at $3,588,000 after buying an additional 167 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of Adobe by 2.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 28,969 shares of the software company's stock worth $12,882,000 after acquiring an additional 756 shares during the period. Minot DeBlois Advisors LLC acquired a new position in shares of Adobe during the fourth quarter worth about $40,000. Numerai GP LLC purchased a new position in Adobe during the fourth quarter worth about $2,357,000. Finally, Northeast Financial Consultants Inc boosted its holdings in Adobe by 7.8% in the 4th quarter. Northeast Financial Consultants Inc now owns 2,061 shares of the software company's stock valued at $916,000 after purchasing an additional 150 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Redburn Atlantic downgraded Adobe from a "hold" rating to a "strong sell" rating and cut their target price for the stock from $420.00 to $280.00 in a research note on Wednesday, July 2nd. TD Cowen cut their price objective on Adobe from $470.00 to $420.00 and set a "hold" rating for the company in a research report on Friday. Mizuho reduced their target price on Adobe from $530.00 to $460.00 and set an "outperform" rating for the company in a report on Monday, September 8th. Oppenheimer lowered their price target on shares of Adobe from $500.00 to $460.00 and set an "outperform" rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $470.00 price target (up previously from $430.00) on shares of Adobe in a report on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $435.63.

Adobe Price Performance

NASDAQ:ADBE traded down $1.19 during mid-day trading on Friday, hitting $349.36. 14,118,114 shares of the company's stock traded hands, compared to its average volume of 3,814,649. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $148.20 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.66 and a beta of 1.48. The firm's 50 day simple moving average is $357.32 and its 200 day simple moving average is $379.80. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $557.90.

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 (EPS) 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 56.30%. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the prior year, the firm earned $4.65 earnings per share. The company'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. Sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current 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.