Adobe Inc. $ADBE Shares Bought by Bey Douglas LLC

Key Points

• Bey Douglas LLC increased its investment in Adobe Inc. by 38.6% during Q2, owning 15,323 shares valued at approximately $5.93 million.
• Several institutional investors, including Fulcrum Capital LLC and Lindenwold Advisors INC, also raised their stakes in Adobe significantly during the same period.
• Analysts have varying opinions on Adobe's stock, with recent price targets ranging from $425 to $460, while the current consensus rating remains a "Hold".

Bey Douglas LLC boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 38.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,323 shares of the software company's stock after buying an additional 4,271 shares during the period. Adobe accounts for 3.5% of Bey Douglas LLC's investment portfolio, making the stock its 11th largest position. Bey Douglas LLC's holdings in Adobe were worth $5,928,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fulcrum Capital LLC boosted its stake in Adobe by 34.6% during the second quarter. Fulcrum Capital LLC now owns 34,692 shares of the software company's stock worth $13,422,000 after buying an additional 8,910 shares during the last quarter. Lindenwold Advisors INC boosted its stake in Adobe by 53.9% during the second quarter. Lindenwold Advisors INC now owns 6,101 shares of the software company's stock worth $2,360,000 after buying an additional 2,138 shares during the last quarter. Applied Capital LLC FL boosted its stake in Adobe by 186.7% during the second quarter. Applied Capital LLC FL now owns 1,812 shares of the software company's stock worth $701,000 after buying an additional 1,180 shares during the last quarter. Aberdeen Group plc boosted its stake in Adobe by 9.5% during the second quarter. Aberdeen Group plc now owns 538,195 shares of the software company's stock worth $207,905,000 after buying an additional 46,541 shares during the last quarter. Finally, Zullo Investment Group Inc. boosted its stake in Adobe by 4.2% during the second quarter. Zullo Investment Group Inc. now owns 892 shares of the software company's stock worth $345,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ADBE. Robert W. Baird boosted their price objective on Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Mizuho lowered Adobe from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Oppenheimer reduced their target price on Adobe from $500.00 to $460.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. Morgan Stanley downgraded Adobe from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $520.00 to $450.00 in a research report on Wednesday, September 24th. Finally, Wall Street Zen upgraded Adobe from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $433.41.

Adobe Price Performance

ADBE stock opened at $337.51 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $141.28 billion, a PE ratio of 21.03, a P/E/G ratio of 1.56 and a beta of 1.49. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $557.90. The business's fifty day moving average price is $351.67 and its 200 day moving average price is $370.78.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data 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 return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the previous year, the business earned $4.65 EPS. The company's quarterly revenue 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. On average, sell-side analysts anticipate 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.

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