Adobe Inc. $ADBE Shares Sold by UMB Bank n.a.

Key Points

• UMB Bank n.a. reduced its stake in Adobe Inc. by 36.2% during the 2nd quarter, selling 8,561 shares and holding 15,096 shares valued at approximately $5.84 million.
• Analyst ratings for Adobe are mixed, with one strong buy, fifteen buy, eight hold, and three sell ratings, while consensus expectations point to a price target of $435.63.
• Adobe reported earnings of $5.31 EPS, surpassing estimates and demonstrating a revenue increase of 10.7% year-over-year, with a net margin of 30.01%.

UMB Bank n.a. reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 36.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,096 shares of the software company's stock after selling 8,561 shares during the quarter. UMB Bank n.a.'s holdings in Adobe were worth $5,840,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock valued at $3,588,000 after buying an additional 167 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in Adobe by 2.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 28,969 shares of the software company's stock valued at $12,882,000 after purchasing an additional 756 shares during the period. Fourth Dimension Wealth LLC bought a new stake in shares of Adobe in the 4th quarter worth approximately $67,000. GTS Securities LLC lifted its position in shares of Adobe by 105.4% in the 4th quarter. GTS Securities LLC now owns 4,890 shares of the software company's stock worth $2,174,000 after acquiring an additional 95,020 shares during the period. Finally, GF Fund Management CO. LTD. bought a new position in shares of Adobe during the 4th quarter worth approximately $37,099,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Stock Down 0.3%

Shares of NASDAQ ADBE traded down $0.94 on Tuesday, reaching $363.14. 2,112,609 shares of the company's stock traded hands, compared to its average volume of 3,949,583. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The business's 50 day simple moving average is $355.82 and its two-hundred day simple moving average is $375.39. The company has a market cap of $154.05 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 1.64 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.91 billion. During the same quarter in the previous year, the company earned $4.65 EPS. Adobe's revenue for the quarter 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. As a group, equities research analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ADBE shares. Wall Street Zen raised Adobe from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Mizuho lowered their target price on Adobe from $530.00 to $460.00 and set an "outperform" rating on the stock in a research report on Monday, September 8th. Piper Sandler cut their price target on Adobe from $500.00 to $470.00 and set an "overweight" rating for the company in a research note on Friday, September 12th. Royal Bank Of Canada lowered their price target on shares of Adobe from $480.00 to $430.00 and set an "outperform" rating for the company in a report on Monday, September 8th. Finally, DA Davidson reiterated a "buy" rating and set a $500.00 price target on shares of Adobe in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.63.

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.