Kestra Advisory Services LLC Sells 5,266 Shares of Adobe Inc. $ADBE

Key Points

• Kestra Advisory Services LLC reduced its stake in Adobe Inc. by 13.2%, selling 5,266 shares and holding 34,699 shares valued at approximately $13.3 million.
• Adobe's recent quarterly earnings report showed an earnings per share of $5.06, surpassing expectations and reflecting a 10.6% year-over-year revenue growth.
• Analysts have mixed ratings on Adobe, with a consensus rating of "Moderate Buy" and an average price target of $467.58, following a range of upgrades and downgrades from various research firms.

Kestra Advisory Services LLC decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 13.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,699 shares of the software company's stock after selling 5,266 shares during the period. Kestra Advisory Services LLC's holdings in Adobe were worth $13,308,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. RPG Investment Advisory LLC boosted its stake in Adobe by 105.3% during the first quarter. RPG Investment Advisory LLC now owns 48,448 shares of the software company's stock worth $18,581,000 after acquiring an additional 24,844 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA boosted its stake in Adobe by 0.5% during the first quarter. Kelly Lawrence W & Associates Inc. CA now owns 23,179 shares of the software company's stock worth $8,890,000 after acquiring an additional 120 shares in the last quarter. Compound Planning Inc. boosted its stake in Adobe by 24.4% during the first quarter. Compound Planning Inc. now owns 4,774 shares of the software company's stock worth $1,831,000 after acquiring an additional 936 shares in the last quarter. Monetary Management Group Inc. boosted its stake in Adobe by 2.4% during the first quarter. Monetary Management Group Inc. now owns 4,220 shares of the software company's stock worth $1,618,000 after acquiring an additional 100 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Adobe by 8.3% during the first quarter. Ameriprise Financial Inc. now owns 2,814,425 shares of the software company's stock worth $1,079,353,000 after acquiring an additional 215,287 shares in the last quarter. Institutional investors own 81.79% of the company's stock.

Adobe Stock Up 2.5%

Shares of Adobe stock opened at $362.09 on Friday. 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 has a 50-day simple moving average of $366.57 and a two-hundred day simple moving average of $389.64. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $587.75. The stock has a market capitalization of $153.60 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.51.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.09. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The firm had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.80 billion. During the same period in the previous year, the company earned $4.48 earnings per share. The firm's quarterly 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. On average, analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on ADBE shares. Bank of America boosted their price objective on shares of Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Rothschild & Co Redburn cut shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price for the company. in a report on Wednesday, July 2nd. Melius cut shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 target price for the company. in a report on Monday, August 11th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $470.00 target price (up from $430.00) on shares of Adobe in a report on Friday, June 13th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $475.00 target price on shares of Adobe in a report on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Adobe currently has a consensus rating of "Moderate Buy" and an average price target of $467.58.

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.

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