Investment Research & Advisory Group Inc. Has $1.60 Million Stock Holdings in Adobe Inc. $ADBE

Key Points

• Investment Research & Advisory Group Inc. reduced its stake in Adobe Inc. by 25.7%, holding $1.60 million worth of the stock after selling 1,431 shares in the second quarter.
• Several institutional investors have recently altered their positions in Adobe, with Garde Capital purchasing a new stake valued at approximately $34,000 and Krane Funds Advisors increasing their stake by 110.4%.
• Analysts have varied target prices for Adobe, with Citigroup decreasing theirs from $450 to $400, while Barclays raised their target from $460 to $465, reflecting a mix of ratings from 'buy' to 'sell' among analysts.

Investment Research & Advisory Group Inc. reduced its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 25.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,134 shares of the software company's stock after selling 1,431 shares during the period. Investment Research & Advisory Group Inc.'s holdings in Adobe were worth $1,599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Garde Capital Inc. bought a new stake in shares of Adobe during the first quarter valued at approximately $34,000. PFG Advisors grew its position in Adobe by 20.8% in the 1st quarter. PFG Advisors now owns 4,964 shares of the software company's stock valued at $1,904,000 after purchasing an additional 855 shares during the period. Krane Funds Advisors LLC increased its stake in Adobe by 110.4% during the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock valued at $533,000 after purchasing an additional 730 shares in the last quarter. Financial Counselors Inc. raised its holdings in Adobe by 9.2% during the first quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock worth $24,105,000 after buying an additional 5,298 shares during the last quarter. Finally, Koss Olinger Consulting LLC bought a new position in shares of Adobe in the first quarter valued at $305,000. Institutional investors own 81.79% of the company's stock.

Analysts Set New Price Targets

ADBE has been the subject of several recent research reports. Citigroup decreased their target price on shares of Adobe from $450.00 to $400.00 and set a "neutral" rating for the company in a research report on Thursday, September 11th. Redburn Partners set a $280.00 price objective on Adobe in a research note on Monday, September 1st. 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. Bank of America increased their price target on Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Finally, Rothschild & Co Redburn downgraded shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price objective on the stock. in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $433.41.

Adobe Trading Up 1.8%

Shares of Adobe stock opened at $360.37 on Monday. The firm has a market cap of $150.85 billion, a PE ratio of 22.45, a P/E/G ratio of 1.62 and a beta of 1.48. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $557.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a fifty day moving average price of $355.25 and a 200-day moving average price of $373.60.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.18 by $0.13. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Equities research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

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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