International Assets Investment Management LLC Acquires 1,005 Shares of Adobe Inc. $ADBE

Key Points

• International Assets Investment Management LLC increased its stake in Adobe Inc. by 17.6%, acquiring an additional 1,005 shares, bringing its total holdings to 6,701 shares valued at approximately $2.59 million.
• Adobe reported earnings of $5.31 EPS for the quarter, exceeding analyst expectations and marking a 10.7% year-over-year revenue growth to $5.99 billion.
• Several analysts adjusted their price targets for Adobe, with Barclays raising its target to $465.00 while other firms varied, reflecting mixed sentiments about the stock's performance.

International Assets Investment Management LLC increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 17.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,701 shares of the software company's stock after purchasing an additional 1,005 shares during the period. International Assets Investment Management LLC's holdings in Adobe were worth $2,592,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ADBE. 1248 Management LLC bought a new position in shares of Adobe during the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Adobe in the 1st quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in Adobe in the 1st quarter valued at approximately $29,000. HHM Wealth Advisors LLC acquired a new stake in Adobe in the 1st quarter valued at approximately $30,000. Finally, Nexus Investment Management ULC acquired a new stake in Adobe in the 2nd quarter valued at approximately $31,000. Institutional investors own 81.79% of the company's stock.

Adobe Stock Up 1.2%

ADBE stock opened at $333.26 on Friday. 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 moving average price of $350.99 and a two-hundred day moving average price of $368.75. The company has a market cap of $139.50 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.49 and a beta of 1.49. Adobe Inc. has a twelve month low of $327.50 and a twelve month high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the company posted $4.65 EPS. The firm'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. Analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ADBE shares. Barclays lifted their target price on Adobe from $460.00 to $465.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Oppenheimer dropped their target price on Adobe from $500.00 to $460.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. Citigroup dropped their target price on Adobe from $450.00 to $400.00 and set a "neutral" rating on the stock in a research report on Thursday, September 11th. UBS Group decreased their price target on Adobe from $400.00 to $375.00 and set a "neutral" rating for the company in a research note on Friday, September 12th. 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 equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Adobe presently has a consensus rating of "Hold" and an average target price of $433.41.

Adobe Company 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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