Ally Financial Inc. Purchases 5,500 Shares of Adobe Inc. $ADBE

Key Points

• Ally Financial Inc. increased its stake in Adobe Inc. by 36.7%, acquiring an additional 5,500 shares to own 20,500 shares in total, which is valued at approximately $7.86 million.
• Institutional investors own 81.79% of Adobe's stock, with notable increases in stakes by firms such as Vanguard Group and Goldman Sachs.
• Adobe reported a quarterly earnings per share of $5.06, exceeding analysts' expectations and showing a 10.6% revenue increase year-over-year.

Ally Financial Inc. boosted its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 36.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,500 shares of the software company's stock after acquiring an additional 5,500 shares during the quarter. Adobe accounts for about 0.9% of Ally Financial Inc.'s investment portfolio, making the stock its 24th biggest position. Ally Financial Inc.'s holdings in Adobe were worth $7,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake 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 acquiring an additional 171,547 shares during the period. Bank of New York Mellon Corp increased its stake 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 acquiring an additional 821,293 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 acquiring an additional 600,146 shares during the period. Northern Trust Corp increased its stake 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 acquiring an additional 672,919 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake 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 acquiring an additional 1,856,544 shares during the period. Institutional investors own 81.79% of the company's stock.

Adobe Price Performance

ADBE opened at $362.09 on Friday. Adobe Inc. has a one year low of $330.04 and a one year high of $587.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The company's 50 day simple moving average is $366.57 and its 200-day simple moving average is $389.64. The stock has a market capitalization of $153.60 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.51.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.09. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the business posted $4.48 earnings per share. Adobe's revenue was up 10.6% compared to the same quarter last year. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADBE has been the topic of several research analyst reports. Phillip Securities raised shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. Melius cut shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective on the stock. in a research note on Monday, August 11th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $470.00 price objective (up from $430.00) on shares of Adobe in a research note on Friday, June 13th. Wall Street Zen cut shares of Adobe from a "buy" rating to a "hold" rating in a research note on Friday. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $450.00 price objective on shares of Adobe in a research note on Friday, June 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $467.58.

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.

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