Adobe Inc. $ADBE Stock Position Increased by Geo Capital Gestora de Recursos Ltd

Key Points

• Geo Capital Gestora de Recursos Ltd increased its stake in Adobe Inc. by 56.8%, now holding 7,615 shares valued at approximately $2.92 million, making it the fund's 10th largest investment.
• Adobe's recent quarterly earnings exceeded analyst expectations, with $5.06 earnings per share and total revenue of $5.87 billion, marking a 10.6% year-over-year growth.
• Adobe has been receiving mixed analyst ratings, with a consensus rating of "Moderate Buy" and an average price target of $467.58.

Geo Capital Gestora de Recursos Ltd increased its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 56.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,615 shares of the software company's stock after acquiring an additional 2,758 shares during the quarter. Adobe comprises approximately 4.0% of Geo Capital Gestora de Recursos Ltd's portfolio, making the stock its 10th largest holding. Geo Capital Gestora de Recursos Ltd's holdings in Adobe were worth $2,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Siemens Fonds Invest GmbH increased its stake in Adobe by 252.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after purchasing an additional 39,888 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Adobe in the first quarter valued at $26,000. SWAN Capital LLC acquired a new position in Adobe in the fourth quarter valued at $28,000. Copia Wealth Management acquired a new position in Adobe in the fourth quarter valued at $28,000. Finally, HHM Wealth Advisors LLC acquired a new position in Adobe in the first quarter valued at $30,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ADBE shares. DA Davidson reaffirmed a "buy" rating and issued a $500.00 target price on shares of Adobe in a report on Friday, June 20th. Melius downgraded shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 target price on the stock. in a report on Monday, August 11th. Bank of America lifted their target price on shares of Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a report on Friday, June 13th. Phillip Securities raised shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. Finally, Citigroup lowered their target price on shares of Adobe from $465.00 to $450.00 and set a "neutral" rating on the stock in a report on Monday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $467.58.

Adobe Price Performance

ADBE stock traded up $8.66 during trading on Friday, reaching $362.09. 3,055,589 shares of the company were exchanged, compared to its average volume of 3,743,152. The company has a market cap of $153.60 billion, a P/E ratio of 23.17, a PEG ratio of 1.68 and a beta of 1.51. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $587.75. The stock's 50 day moving average price is $366.57 and its 200 day moving average price is $389.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The firm's revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.48 earnings per share. 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, 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.