Signal Advisors Wealth LLC Has $347,000 Holdings in Adobe Inc. $ADBE

Key Points

• Signal Advisors Wealth LLC significantly reduced its holdings in Adobe Inc. by 71.2% during Q2, now owning 897 shares worth $347,000 after selling 2,219 shares.
• Brokerage ratings for Adobe reflect mixed perspectives, with 15 analysts rating it as "Buy" and an average target price of $435.63, despite some adjustments in price targets by major firms.
• Adobe reported Q3 earnings with $5.31 EPS, exceeding expectations, and guidance for FY 2025 is set between 20.800-20.850 EPS.

Signal Advisors Wealth LLC lowered its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 71.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 897 shares of the software company's stock after selling 2,219 shares during the quarter. Signal Advisors Wealth LLC's holdings in Adobe were worth $347,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADBE. Copia Wealth Management acquired a new stake in shares of Adobe during the 4th quarter worth approximately $28,000. SWAN Capital LLC acquired a new stake in shares of Adobe during the 4th quarter worth approximately $28,000. 1248 Management LLC acquired a new stake in shares of Adobe during the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Adobe during the 1st quarter worth approximately $26,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Adobe during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ADBE shares. Barclays lifted their price target on shares of Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Robert W. Baird lifted their price target on shares of Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Evercore ISI reduced their price objective on shares of Adobe from $475.00 to $450.00 and set an "outperform" rating on the stock in a research note on Friday, September 12th. Mizuho reduced their price objective on shares of Adobe from $530.00 to $460.00 and set an "outperform" rating on the stock in a research note on Monday, September 8th. Finally, Oppenheimer reduced their price objective on shares of Adobe from $500.00 to $460.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $435.63.

Adobe Stock Performance

Shares of NASDAQ:ADBE traded up $1.36 on Tuesday, hitting $365.44. The company had a trading volume of 935,380 shares, compared to its average volume of 3,942,999. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90. The stock has a market cap of $155.02 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 1.64 and a beta of 1.48. The stock has a 50 day moving average price of $355.82 and a 200 day moving average price of $375.39. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 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 57.54%. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the company earned $4.65 earnings per share. The company's quarterly revenue was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Analysts expect that Adobe Inc. will post 16.65 EPS for the current 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.