J. Stern & Co. LLP Purchases 9,517 Shares of Adobe Inc. $ADBE

Key Points

• J. Stern & Co. LLP increased its stake in Adobe Inc. by 10.9%, purchasing an additional 9,517 shares, now holding a total of 96,623 shares worth approximately $37 million.
• Adobe's shares recently opened at $363.21, with a market cap of $154.07 billion, while the company reported earnings of $5.06 per share for the last quarter, beating estimates.
• Analyst ratings for Adobe show a consensus of Moderate Buy with an average price target of $467.58, although ratings vary with some analysts suggesting higher and others lower projections.

J. Stern & Co. LLP increased its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 10.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,623 shares of the software company's stock after acquiring an additional 9,517 shares during the period. Adobe comprises about 3.5% of J. Stern & Co. LLP's investment portfolio, making the stock its 16th biggest holding. J. Stern & Co. LLP's holdings in Adobe were worth $37,058,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Harvest Portfolios Group Inc. grew its holdings in shares of Adobe by 9.4% in the first quarter. Harvest Portfolios Group Inc. now owns 55,807 shares of the software company's stock worth $21,404,000 after acquiring an additional 4,809 shares during the period. South Plains Financial Inc. grew its holdings in Adobe by 14.5% during the first quarter. South Plains Financial Inc. now owns 3,384 shares of the software company's stock valued at $1,298,000 after purchasing an additional 428 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in Adobe by 27.4% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 572,262 shares of the software company's stock valued at $219,480,000 after purchasing an additional 123,251 shares during the period. Virtus Advisers LLC bought a new stake in Adobe during the first quarter valued at about $206,000. Finally, Brooks Moore & Associates Inc. grew its holdings in Adobe by 56.3% during the first quarter. Brooks Moore & Associates Inc. now owns 1,658 shares of the software company's stock valued at $636,000 after purchasing an additional 597 shares during the period. Institutional investors own 81.79% of the company's stock.

Adobe Price Performance

Shares of Adobe stock traded up $2.74 during trading hours on Friday, hitting $356.70. The company's stock had a trading volume of 2,637,158 shares, compared to its average volume of 3,666,279. The business has a 50 day moving average price of $363.93 and a two-hundred day moving average price of $386.99. 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 $151.31 billion, a PE ratio of 22.82, a PEG ratio of 1.68 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the previous year, the business earned $4.48 earnings per share. The business's revenue 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. Analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ADBE has been the subject of several recent research reports. BMO Capital Markets reissued an "outperform" rating and set a $450.00 price target on shares of Adobe in a report on Friday, June 13th. Melius lowered Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target for the company. in a report on Monday, August 11th. Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. Mizuho cut their price target on Adobe from $575.00 to $530.00 and set an "outperform" rating for the company in a report on Friday, June 13th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $470.00 price target (up previously from $430.00) on shares of Adobe in a report on Friday, June 13th. Two equities 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 given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $466.42.

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.