Ameritas Advisory Services LLC Has $805,000 Stock Holdings in Adobe Inc. $ADBE

Key Points

• Ameritas Advisory Services LLC reduced its holdings in Adobe Inc. by 28.4% in the second quarter, owning 2,080 shares valued at $805,000 after selling 825 shares.
• Adobe's earnings report for the quarter showed earnings per share of $5.31, beating estimates, with revenue of $5.99 billion, reflecting a 10.7% increase year-over-year.
• Analyst ratings for Adobe have varied, with one research firm setting a target price as low as $280, while others maintain buy ratings, reflecting mixed sentiment among investors.

Ameritas Advisory Services LLC lessened its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 28.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,080 shares of the software company's stock after selling 825 shares during the quarter. Ameritas Advisory Services LLC's holdings in Adobe were worth $805,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Adobe by 4.1% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 28,604 shares of the software company's stock valued at $11,066,000 after purchasing an additional 1,124 shares in the last quarter. HighMark Wealth Management LLC lifted its stake in shares of Adobe by 224.1% in the 2nd quarter. HighMark Wealth Management LLC now owns 282 shares of the software company's stock valued at $109,000 after acquiring an additional 195 shares during the last quarter. Abundance Wealth Counselors lifted its stake in shares of Adobe by 11.1% in the 2nd quarter. Abundance Wealth Counselors now owns 2,535 shares of the software company's stock valued at $1,005,000 after acquiring an additional 253 shares during the last quarter. Cromwell Holdings LLC lifted its stake in shares of Adobe by 8.8% in the 2nd quarter. Cromwell Holdings LLC now owns 1,329 shares of the software company's stock valued at $514,000 after acquiring an additional 108 shares during the last quarter. Finally, Exchange Capital Management Inc. lifted its stake in shares of Adobe by 26.2% in the 2nd quarter. Exchange Capital Management Inc. now owns 9,294 shares of the software company's stock valued at $3,595,000 after acquiring an additional 1,928 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Stock Performance

Shares of ADBE opened at $346.74 on Monday. The firm has a market capitalization of $145.15 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.55 and a beta of 1.49. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90. The stock has a 50 day moving average price of $353.22 and a two-hundred day moving average price of $372.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Redburn Partners set a $280.00 price target on Adobe in a research note on Monday, September 1st. Mizuho cut Adobe from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Evercore ISI dropped their price target on Adobe from $475.00 to $450.00 and set an "outperform" rating for the company in a research note on Friday, September 12th. Stifel Nicolaus dropped their price target on Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a research note on Friday, June 13th. Finally, Wall Street Zen raised Adobe from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $433.41.

Adobe 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.

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