Belmont Capital LLC Makes New $483,000 Investment in Adobe Inc. $ADBE

Key Points

• Belmont Capital LLC has made a new investment in Adobe Inc., purchasing 1,260 shares valued at approximately $483,000.
• Several analysts have reiterated positive ratings for Adobe, with target prices ranging from $450.00 to $480.00, indicating strong market confidence in the company's performance.
• Adobe reported a quarterly revenue of $5.87 billion and earnings per share of $5.06, exceeding analysts' expectations and showing a year-over-year revenue increase of 10.6%.

Belmont Capital LLC bought a new position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,260 shares of the software company's stock, valued at approximately $483,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH lifted its stake in Adobe by 252.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock worth $25,000 after purchasing an additional 39,888 shares during the last quarter. 1248 Management LLC bought a new stake in Adobe during the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Adobe during the first quarter worth $26,000. SWAN Capital LLC bought a new stake in Adobe during the fourth quarter worth $28,000. Finally, Copia Wealth Management bought a new stake in Adobe during the fourth quarter worth $28,000. 81.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ADBE shares. Wells Fargo & Company restated an "overweight" rating and set a $470.00 target price (up from $430.00) on shares of Adobe in a research note on Friday, June 13th. BMO Capital Markets reiterated an "outperform" rating and set a $450.00 price target on shares of Adobe in a report on Friday, June 13th. Royal Bank Of Canada reiterated an "outperform" rating and set a $480.00 price target on shares of Adobe in a report on Thursday, June 5th. Evercore ISI reiterated an "outperform" rating and set a $475.00 price target on shares of Adobe in a report on Friday, June 13th. Finally, Stifel Nicolaus lowered their price target on shares of Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a report on Friday, June 13th. Two 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $459.52.

Adobe Stock Performance

NASDAQ ADBE opened at $345.63 on Wednesday. The company 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. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $587.75. The stock has a fifty day simple moving average of $362.73 and a 200 day simple moving average of $384.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, beating analysts' consensus estimates of $4.97 by $0.09. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.Adobe's quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.48 earnings per share. 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 EPS for the current year.

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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