Baldwin Wealth Partners LLC MA Trims Stake in Adobe Inc. $ADBE

Key Points

• Baldwin Wealth Partners LLC MA reduced its stake in Adobe Inc. by 2.4%, now holding 45,446 shares valued at approximately $17.58 million.
• Adobe's recent quarterly earnings exceeded expectations with an EPS of $5.31, marking a 10.7% revenue increase from the previous year.
• Analysts' ratings on Adobe's stock show a mix, with one Strong Buy, thirteen Buy, and three Sell ratings, indicating varied market sentiment.

Baldwin Wealth Partners LLC MA lowered its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,446 shares of the software company's stock after selling 1,106 shares during the period. Adobe makes up approximately 1.2% of Baldwin Wealth Partners LLC MA's investment portfolio, making the stock its 23rd biggest holding. Baldwin Wealth Partners LLC MA's holdings in Adobe were worth $17,582,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. 1248 Management LLC bought a new stake in shares of Adobe during the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe during the first quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new position in Adobe in the first quarter worth $29,000. HHM Wealth Advisors LLC purchased a new position in Adobe in the first quarter worth $30,000. Finally, Garde Capital Inc. purchased a new position in Adobe in the first quarter worth $34,000. Institutional investors own 81.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Phillip Securities raised shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. Evercore ISI decreased their target price on shares of Adobe from $475.00 to $450.00 and set an "outperform" rating for the company in a research report on Friday, September 12th. Barclays upped their price objective on shares of Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. UBS Group reduced their price target on shares of Adobe from $400.00 to $375.00 and set a "neutral" rating for the company in a research report on Friday, September 12th. Finally, BMO Capital Markets reduced their price target on shares of Adobe from $450.00 to $405.00 and set an "outperform" rating for the company in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Adobe presently has an average rating of "Hold" and a consensus target price of $433.41.

Adobe Stock Performance

Adobe stock opened at $347.47 on Friday. The firm has a 50 day simple moving average of $351.88 and a 200-day simple moving average of $371.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90. The stock has a market cap of $145.45 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49.

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

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.

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.