HBW Advisory Services LLC Has $2.42 Million Stake in Adobe Inc. $ADBE

Key Points

• HBW Advisory Services LLC significantly increased its stake in Adobe Inc. by 469.7% during Q2, owning 6,250 shares worth approximately $2.42 million.
• Multiple analysts have adjusted their price targets for Adobe, with Oppenheimer setting it at $460 and Stifel Nicolaus at $480, while the overall consensus rating for the stock is "Moderate Buy."
• Adobe reported a quarterly earnings per share (EPS) of $5.31, exceeding expectations, with a revenue of $5.99 billion, reflecting a year-over-year increase of 10.7%.

HBW Advisory Services LLC boosted its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 469.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,250 shares of the software company's stock after buying an additional 5,153 shares during the period. HBW Advisory Services LLC's holdings in Adobe were worth $2,418,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Copia Wealth Management acquired a new stake in Adobe during the fourth quarter worth about $28,000. SWAN Capital LLC acquired a new stake in shares of Adobe in the 4th quarter valued at approximately $28,000. 1248 Management LLC acquired a new stake in shares of Adobe in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Adobe in the 1st quarter valued at approximately $26,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Adobe in the 1st quarter valued at approximately $29,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADBE has been the topic of a number of research analyst reports. Oppenheimer reduced their price target on shares of Adobe from $500.00 to $460.00 and set an "outperform" rating on the stock in a research note on Tuesday. Stifel Nicolaus reduced their price target on shares of Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a research note on Friday, June 13th. Mizuho reduced their price target on shares of Adobe from $530.00 to $460.00 and set an "outperform" rating on the stock in a research note on Monday, September 8th. Melius downgraded shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target on the stock. in a research note on Monday, August 11th. Finally, Royal Bank Of Canada dropped their price objective on shares of Adobe from $480.00 to $430.00 and set an "outperform" rating for the company in a report on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $435.63.

Adobe Stock Down 0.3%

Shares of NASDAQ ADBE opened at $349.36 on Friday. The company has a market capitalization of $148.20 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 1.66 and a beta of 1.48. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $557.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. The company's 50 day moving average price is $357.32 and its 200-day moving average price is $379.80.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 56.30%. The company's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company 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. Equities analysts forecast 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.

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