RWA Wealth Partners LLC Has $2.02 Million Stock Position in Adobe Inc. $ADBE

Key Points

• RWA Wealth Partners LLC has decreased its stake in Adobe Inc. by 21.1%, selling 1,407 shares and now holding 5,258 shares valued at approximately $2.02 million.
• Adobe's recent quarterly earnings showed a 10.6% year-over-year revenue increase, reporting $5.87 billion and an EPS of $5.06, surpassing analysts' estimates.
• The company's stock has a current market capitalization of $153.15 billion, with a consensus rating of "Moderate Buy" and an average price target of $467.58.

RWA Wealth Partners LLC cut its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 21.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,258 shares of the software company's stock after selling 1,407 shares during the quarter. RWA Wealth Partners LLC's holdings in Adobe were worth $2,017,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Adobe by 0.4% in the first quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company's stock valued at $15,779,895,000 after purchasing an additional 171,547 shares during the last quarter. Bank of New York Mellon Corp raised its position in Adobe by 14.4% in the first quarter. Bank of New York Mellon Corp now owns 6,530,611 shares of the software company's stock valued at $2,504,685,000 after purchasing an additional 821,293 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Adobe by 12.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,341,695 shares of the software company's stock valued at $2,375,345,000 after purchasing an additional 600,146 shares during the last quarter. Northern Trust Corp raised its position in Adobe by 14.5% in the fourth quarter. Northern Trust Corp now owns 5,314,215 shares of the software company's stock valued at $2,363,125,000 after purchasing an additional 672,919 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Adobe by 68.3% in the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock valued at $1,754,954,000 after purchasing an additional 1,856,544 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on ADBE. Evercore ISI reiterated an "outperform" rating and issued a $475.00 target price on shares of Adobe in a research report on Friday, June 13th. Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target for the company. in a research note on Monday, August 11th. Mizuho decreased their price target on Adobe from $575.00 to $530.00 and set an "outperform" rating for the company in a research note on Friday, June 13th. BMO Capital Markets reissued an "outperform" rating and issued a $450.00 price target on shares of Adobe in a research note on Friday, June 13th. Finally, UBS Group increased their price target on Adobe from $380.00 to $430.00 and gave the company a "neutral" rating in a research note on Monday, June 9th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Adobe has an average rating of "Moderate Buy" and an average price target of $467.58.

Adobe Trading Up 2.5%

NASDAQ ADBE traded up $8.66 during trading hours on Friday, hitting $362.09. 3,055,589 shares of the company's stock were exchanged, compared to its average volume of 3,743,152. The stock has a 50-day simple moving average of $366.57 and a 200 day simple moving average of $389.97. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $587.75. The firm has a market cap of $153.60 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.68 and a beta of 1.51. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, topping the consensus estimate of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The business had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.80 billion. During the same quarter last year, the firm posted $4.48 earnings per share. The firm's revenue was up 10.6% on a year-over-year basis. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

About Adobe

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.