Adobe Inc. $ADBE Shares Purchased by Avior Wealth Management LLC

Key Points

• Avior Wealth Management LLC increased its stake in Adobe by 62.7%, owning 1,928 shares valued at $746,000 as of the most recent reporting period.
• Adobe's earnings report for the quarter showed an EPS of $5.31, surpassing analysts' estimates and reflecting a revenue increase of 10.7%.
• Market analysts currently have a consensus rating of "Hold" for Adobe, with an average target price of $433.41.

Avior Wealth Management LLC raised its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 62.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,928 shares of the software company's stock after buying an additional 743 shares during the quarter. Avior Wealth Management LLC's holdings in Adobe were worth $746,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ADBE. Schmidt P J Investment Management Inc. boosted its holdings in shares of Adobe by 2.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company's stock worth $344,000 after purchasing an additional 25 shares during the last quarter. GS Investments Inc. boosted its holdings in Adobe by 0.3% in the first quarter. GS Investments Inc. now owns 7,563 shares of the software company's stock valued at $2,901,000 after acquiring an additional 26 shares during the last quarter. Ted Buchan & Co boosted its holdings in Adobe by 1.9% in the first quarter. Ted Buchan & Co now owns 1,368 shares of the software company's stock valued at $525,000 after acquiring an additional 26 shares during the last quarter. Lifeworks Advisors LLC boosted its holdings in Adobe by 3.6% in the first quarter. Lifeworks Advisors LLC now owns 786 shares of the software company's stock valued at $301,000 after acquiring an additional 27 shares during the last quarter. Finally, VanderPol Investments L.L.C. boosted its holdings in Adobe by 5.2% in the first quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company's stock valued at $209,000 after acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company's stock.

Analysts Set New Price Targets

ADBE has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a report on Monday, June 16th. DA Davidson reiterated a "buy" rating and issued a $500.00 target price on shares of Adobe in a report on Friday, September 12th. Rothschild & Co Redburn cut Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price on the stock. in a report on Wednesday, July 2nd. Bank of America lifted their target price on Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a report on Friday, June 13th. Finally, Barclays lifted their target price on Adobe from $460.00 to $465.00 and gave the company an "overweight" rating in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $433.41.

Adobe Trading Down 0.3%

NASDAQ:ADBE opened at $359.42 on Tuesday. The business's 50-day moving average is $355.08 and its two-hundred day moving average is $373.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90. The firm has a market capitalization of $150.45 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.62 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period in the previous year, the company 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. Research analysts predict that Adobe Inc. will post 16.65 earnings per share 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.

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