AQR Capital Management LLC Acquires 880,134 Shares of Adobe Inc. $ADBE

Key Points

• AQR Capital Management LLC has increased its stake in Adobe Inc. by 116.9%, acquiring an additional 880,134 shares, bringing its total holdings to approximately 1.63 million shares.
• Adobe's stock has experienced a 3.1% decline, with a current share price of $345.63 and a market capitalization of $146.62 billion.
• The company's latest quarterly earnings surpassed estimates, reporting a 10.6% year-over-year revenue growth and an EPS of $5.06 compared to the consensus estimate of $4.97.

AQR Capital Management LLC boosted its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 116.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,632,789 shares of the software company's stock after acquiring an additional 880,134 shares during the period. Adobe accounts for approximately 0.6% of AQR Capital Management LLC's portfolio, making the stock its 14th largest holding. AQR Capital Management LLC owned approximately 0.38% of Adobe worth $616,345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Siemens Fonds Invest GmbH raised its stake in Adobe by 252.9% in the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after acquiring an additional 39,888 shares during the period. 1248 Management LLC bought a new stake in Adobe in the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Adobe in the 1st quarter valued at about $26,000. SWAN Capital LLC bought a new stake in Adobe in the 4th quarter valued at about $28,000. Finally, Copia Wealth Management bought a new stake in Adobe in the 4th quarter valued at about $28,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Down 3.1%

Shares of NASDAQ ADBE opened at $345.63 on Wednesday. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $587.75. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $146.62 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.69 and a beta of 1.48. The business has a 50-day moving average of $362.73 and a 200-day moving average of $384.96.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, topping the consensus estimate of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the previous year, the firm earned $4.48 earnings per share. Adobe's revenue was up 10.6% on a year-over-year basis. 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 expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADBE has been the topic of a number of research reports. Rothschild & Co Redburn cut Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price objective on the stock. in a research note on Wednesday, July 2nd. JMP Securities reaffirmed a "market perform" rating on shares of Adobe in a report on Monday, June 23rd. Mizuho reduced their target price on Adobe from $575.00 to $530.00 and set an "outperform" rating for the company in a report on Friday, June 13th. BMO Capital Markets reaffirmed an "outperform" rating and set a $450.00 target price on shares of Adobe in a report on Friday, June 13th. Finally, Wall Street Zen lowered Adobe from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $459.52.

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.

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