Courier Capital LLC Acquires 1,086 Shares of Adobe Inc. $ADBE

Key Points

• Courier Capital LLC increased its stake in Adobe Inc. by 187.6%, acquiring an additional 1,086 shares, bringing its total holdings to 1,665 shares valued at $644,000.
• Analysts have mixed ratings on Adobe with targets ranging from $280.00 to $500.00, resulting in an average target price of $433.41 and a general consensus rating of "Hold."
• Adobe reported earnings of $5.31 per share for the last quarter, exceeding expectations with 10.7% revenue growth year-over-year, and has set FY 2025 EPS guidance between 20.800 to 20.850.

Courier Capital LLC grew its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 187.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,665 shares of the software company's stock after buying an additional 1,086 shares during the period. Courier Capital LLC's holdings in Adobe were worth $644,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. 1248 Management LLC bought a new stake in shares of Adobe during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Adobe during the 1st quarter valued at $26,000. Flaharty Asset Management LLC bought a new position in Adobe in the 1st quarter worth about $29,000. HHM Wealth Advisors LLC bought a new position in Adobe in the 1st quarter worth about $30,000. Finally, Garde Capital Inc. bought a new position in Adobe in the 1st quarter worth about $34,000. Institutional investors own 81.79% of the company's stock.

Analysts Set New Price Targets

ADBE has been the topic of a number of analyst reports. DA Davidson reiterated a "buy" rating and issued a $500.00 price target on shares of Adobe in a research note on Friday, September 12th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Adobe in a research note on Wednesday, October 8th. Rothschild & Co Redburn cut shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target on the stock. in a research note on Wednesday, July 2nd. JMP Securities reiterated a "market perform" rating on shares of Adobe in a research note on Friday, September 12th. Finally, Barclays upped their price target on shares of Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $433.41.

Adobe Price Performance

ADBE opened at $335.94 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $140.62 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.52 and a beta of 1.49. The company's 50-day simple moving average is $351.63 and its two-hundred day simple moving average is $369.85. 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 earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.91 billion. During the same quarter in the prior year, the business earned $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. As a group, analysts predict that Adobe Inc. will post 16.65 EPS 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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