GKV Capital Management Co. Inc. Reduces Stock Holdings in Adobe Inc. $ADBE

Key Points

• GKV Capital Management drastically reduced its stake in Adobe Inc. by 89.7%, selling 3,477 shares and leaving it with only 400 shares, valued at approximately $153,000.
• Institutional investors hold 81.79% of Adobe's stock, with several firms, including Siren L.L.C. and Itau Unibanco Holding S.A., significantly increasing their positions in the company during the first quarter.
• Analyst ratings on Adobe reflect a consensus of "Moderate Buy" with varied price targets, including upgrades and downgrades, with an average target of $466.42.

GKV Capital Management Co. Inc. decreased its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 89.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 400 shares of the software company's stock after selling 3,477 shares during the quarter. GKV Capital Management Co. Inc.'s holdings in Adobe were worth $153,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Copia Wealth Management purchased a new stake in Adobe in the 4th quarter valued at about $28,000. SWAN Capital LLC purchased a new stake in shares of Adobe during the fourth quarter worth approximately $28,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Adobe during the first quarter worth approximately $26,000. HHM Wealth Advisors LLC acquired a new position in Adobe in the first quarter valued at approximately $30,000. Finally, Bernard Wealth Management Corp. acquired a new position in Adobe in the fourth quarter valued at approximately $36,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ADBE shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $480.00 price objective on shares of Adobe in a report on Thursday, June 5th. Stifel Nicolaus cut their price target on Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a research note on Friday, June 13th. Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target for the company. in a research note on Monday, August 11th. Citigroup cut their price target on Adobe from $465.00 to $450.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. Finally, Phillip Securities upgraded Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. Two research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $459.52.

Adobe Price Performance

Shares of ADBE stock traded down $12.16 during mid-day trading on Tuesday, reaching $344.54. The stock had a trading volume of 2,923,314 shares, compared to its average volume of 3,746,163. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $587.75. The company has a market cap of $146.16 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 1.69 and a beta of 1.48. The business has a 50-day simple moving average of $363.46 and a 200 day simple moving average of $385.24. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings results 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. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The business had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.80 billion. During the same quarter last year, the business posted $4.48 earnings per share. The business's revenue for the quarter was up 10.6% on a year-over-year basis. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share 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.