Jackson Hole Capital Partners LLC Buys 884 Shares of Adobe Inc. $ADBE

Key Points

• Jackson Hole Capital Partners LLC increased its stake in Adobe Inc. by 9.5% during the 2nd quarter, acquiring an additional 884 shares, bringing their total holdings to 10,204 shares valued at approximately $3.95 million.
• Adobe's latest earnings report showed a Q3 EPS of $5.31, exceeding expectations, with revenue of $5.99 billion, also above analyst forecasts.
• Analysts have mixed ratings on Adobe, with varying price targets, including a downgrade from Rothschild & Co Redburn to a sell rating with a price target of $280, while Barclays upgraded their target to $465 with an "overweight" rating.

Jackson Hole Capital Partners LLC grew its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 9.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,204 shares of the software company's stock after purchasing an additional 884 shares during the period. Jackson Hole Capital Partners LLC's holdings in Adobe were worth $3,948,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. 1248 Management LLC purchased a new stake in shares of Adobe in the first quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Adobe in the first quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Adobe in the first quarter worth approximately $29,000. HHM Wealth Advisors LLC purchased a new stake in shares of Adobe in the first quarter worth approximately $30,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of Adobe in the second quarter worth approximately $31,000. 81.79% of the stock is owned by institutional investors.

Adobe Stock Up 0.0%

Shares of NASDAQ ADBE opened at $354.12 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $148.23 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.59 and a beta of 1.49. The stock's fifty day simple moving average is $351.74 and its two-hundred day simple moving average is $368.63. Adobe Inc. has a 12-month low of $327.50 and a 12-month high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ADBE shares. Rothschild & Co Redburn downgraded Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target on the stock. in a report on Wednesday, July 2nd. Barclays raised their price objective on Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. TD Cowen reduced their price objective on Adobe from $470.00 to $420.00 and set a "hold" rating on the stock in a report on Friday, September 12th. Wall Street Zen downgraded Adobe from a "buy" rating to a "hold" rating in a report on Saturday, October 18th. Finally, Royal Bank Of Canada reduced their price objective on Adobe from $480.00 to $430.00 and set an "outperform" rating on the stock in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target 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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