Compagnie Lombard Odier SCmA Sells 13,216 Shares of Adobe Inc. $ADBE

Key Points

• Compagnie Lombard Odier SCmA reduced its stake in Adobe Inc. by 8.9%, selling 13,216 shares and bringing their total holdings to 136,088 shares valued at approximately $52.65 million.
• Institutional investors now own 81.79% of Adobe's stock, with several firms like Siemens Fonds Invest GmbH significantly increasing their stakes in recent quarters.
• Adobe's latest quarterly earnings report showed a 10.7% year-over-year revenue increase to $5.99 billion, exceeding analysts' expectations and reporting an EPS of $5.31.

Compagnie Lombard Odier SCmA lessened its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 8.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,088 shares of the software company's stock after selling 13,216 shares during the period. Compagnie Lombard Odier SCmA's holdings in Adobe were worth $52,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ADBE. 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 acquired a new position in Adobe in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Adobe in the 1st quarter valued at $26,000. SWAN Capital LLC acquired a new position in Adobe in the 4th quarter valued at $28,000. Finally, Copia Wealth Management acquired a new position in Adobe in the 4th quarter valued at $28,000. Institutional investors own 81.79% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on ADBE. Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. Rothschild & Co Redburn lowered Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price on the stock. in a report on Wednesday, July 2nd. BMO Capital Markets reduced their target price on Adobe from $450.00 to $405.00 and set an "outperform" rating on the stock in a report on Friday, September 12th. Bank of America increased their target price on Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Finally, Barclays increased their target price on Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. One investment analyst has 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $435.63.

Adobe Trading Down 0.5%

NASDAQ ADBE opened at $364.08 on Tuesday. The business has a 50 day simple moving average of $355.82 and a 200 day simple moving average of $375.39. Adobe Inc. has a one year low of $330.04 and a one year high of $557.90. The stock has a market capitalization of $154.44 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.64 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.99.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion during the quarter, compared to analysts' expectations of $5.91 billion. During the same quarter last year, the firm posted $4.65 earnings per share. The company'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. Research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

About Adobe

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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