Leo Wealth LLC Raises Stock Holdings in Adobe Inc. $ADBE

Key Points

• Leo Wealth LLC significantly increased its stake in Adobe Inc. by 241.2% during the second quarter, now holding 3,473 shares valued at approximately $1.34 million.
• Following quarterly earnings that surpassed expectations, Adobe has provided a FY 2025 guidance of 20.800-20.850 EPS while analysts maintain a consensus rating of "Hold" with an average target price of $433.41.
• A number of hedge funds have made adjustments to their positions in Adobe, contributing to institutional investors owning around 81.79% of the stock.

Leo Wealth LLC increased its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 241.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,473 shares of the software company's stock after purchasing an additional 2,455 shares during the quarter. Leo Wealth LLC's holdings in Adobe were worth $1,344,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Schmidt P J Investment Management Inc. lifted its position in Adobe by 2.9% during the 1st quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company's stock worth $344,000 after acquiring an additional 25 shares during the period. GS Investments Inc. lifted its position in Adobe by 0.3% during the 1st quarter. GS Investments Inc. now owns 7,563 shares of the software company's stock worth $2,901,000 after acquiring an additional 26 shares during the period. Ted Buchan & Co lifted its position in Adobe by 1.9% during the 1st quarter. Ted Buchan & Co now owns 1,368 shares of the software company's stock worth $525,000 after acquiring an additional 26 shares during the period. Lifeworks Advisors LLC lifted its position in Adobe by 3.6% during the 1st quarter. Lifeworks Advisors LLC now owns 786 shares of the software company's stock worth $301,000 after acquiring an additional 27 shares during the period. Finally, VanderPol Investments L.L.C. lifted its position in Adobe by 5.2% during the 1st quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company's stock worth $209,000 after acquiring an additional 27 shares during the period. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADBE has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price objective on Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a research report on Friday, June 13th. JMP Securities reaffirmed a "market perform" rating on shares of Adobe in a research report on Friday, September 12th. Evercore ISI decreased their price objective on Adobe from $475.00 to $450.00 and set an "outperform" rating for the company in a research report on Friday, September 12th. Redburn Partners set a $280.00 price objective on Adobe in a research report on Monday, September 1st. Finally, Wall Street Zen raised Adobe from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $433.41.

Adobe Stock Performance

NASDAQ ADBE opened at $347.47 on Friday. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90. The company has a market capitalization of $145.45 billion, a P/E ratio of 21.65, a PEG ratio of 1.56 and a beta of 1.49. The business has a 50 day moving average price of $351.88 and a 200 day moving average price of $371.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data 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. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the business posted $4.65 EPS. Adobe's quarterly revenue was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal 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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