Blair William & Co. IL trimmed its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 565,371 shares of the software company's stock after selling 38,554 shares during the quarter. Blair William & Co. IL owned about 0.13% of Adobe worth $218,731,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. 1248 Management LLC bought a new position in shares of Adobe during the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe in the 1st quarter worth about $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Adobe during the 1st quarter valued at about $29,000. HHM Wealth Advisors LLC purchased a new stake in shares of Adobe during the 1st quarter valued at about $30,000. Finally, Garde Capital Inc. bought a new stake in shares of Adobe in the first quarter worth approximately $34,000. 81.79% of the stock is owned by hedge funds and other institutional investors.
Adobe Stock Performance
Shares of ADBE opened at $348.77 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $352.08 and a two-hundred day simple moving average of $371.56. The stock has a market cap of $146.00 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.56 and a beta of 1.49. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90.
Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. The firm 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%.The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.65 EPS. 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.
Wall Street Analyst Weigh In
ADBE has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of Adobe from $400.00 to $375.00 and set a "neutral" rating on the stock in a research report on Friday, September 12th. Royal Bank Of Canada dropped their price target on Adobe from $480.00 to $430.00 and set an "outperform" rating on the stock in a research note on Monday, September 8th. Bank of America lifted their price objective on Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Stifel Nicolaus lowered their target price on Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a report on Friday, June 13th. Finally, Rothschild & Co Redburn downgraded Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target for the company. in a research note on Wednesday, July 2nd. One 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 given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $433.41.
Read Our Latest Research Report on Adobe
About Adobe
(
Free Report)
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.
Further Reading
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