Allen Mooney & Barnes Investment Advisors LLC Boosts Holdings in Adobe Inc. $ADBE

Key Points

• Allen Mooney & Barnes Investment Advisors LLC increased its holdings in Adobe Inc. by 485.1% in Q2, now owning 5,512 shares valued at approximately $2,132,000.
• Adobe reported a 10.7% year-over-year revenue increase with earnings of $5.31 per share, surpassing the consensus estimate by $0.13, and set its FY 2025 guidance at 20.800-20.850 EPS.
• Analyst ratings for Adobe show a consensus of Moderate Buy, with target prices ranging from $375.00 to $475.00, indicating a mix of optimism and caution among analysts.

Allen Mooney & Barnes Investment Advisors LLC grew its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 485.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,512 shares of the software company's stock after purchasing an additional 4,570 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC's holdings in Adobe were worth $2,132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ADBE. Garde Capital Inc. purchased a new position in Adobe in the first quarter worth approximately $34,000. PFG Advisors lifted its stake in Adobe by 20.8% in the first quarter. PFG Advisors now owns 4,964 shares of the software company's stock worth $1,904,000 after acquiring an additional 855 shares during the last quarter. Krane Funds Advisors LLC lifted its stake in Adobe by 110.4% in the first quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock worth $533,000 after acquiring an additional 730 shares during the last quarter. Financial Counselors Inc. lifted its stake in Adobe by 9.2% in the first quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock worth $24,105,000 after acquiring an additional 5,298 shares during the last quarter. Finally, Koss Olinger Consulting LLC acquired a new stake in Adobe during the first quarter worth approximately $305,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $349.36 on Monday. The firm has a market capitalization of $148.20 billion, a P/E ratio of 21.77, a PEG ratio of 1.65 and a beta of 1.48. Adobe Inc. has a one year low of $330.04 and a one year high of $557.90. The company's fifty day moving average is $357.32 and its two-hundred day moving average is $378.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 1.02.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.18 by $0.13. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ADBE shares. Piper Sandler cut their price objective on shares of Adobe from $500.00 to $470.00 and set an "overweight" rating on the stock in a report on Friday. 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. Citigroup cut their target price on shares of Adobe from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Thursday. Phillip Securities raised shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. Finally, UBS Group cut their target price on shares of Adobe from $400.00 to $375.00 and set a "neutral" rating on the stock in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Adobe presently 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.

Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.