Lindenwold Advisors INC Acquires 2,138 Shares of Adobe Inc. $ADBE

Key Points

• Lindenwold Advisors INC has increased its holdings in Adobe Inc. by 53.9%, acquiring an additional 2,138 shares, bringing its total to 6,101 shares, valued at $2.36 million.
• Adobe reported a $5.31 EPS for its latest quarter, exceeding estimates, with revenue of $5.99 billion, reflecting a year-over-year increase of 10.7%.
• Analysts have varied ratings on Adobe, with an average rating of "Hold" and a target price of $433.41, reflecting differing perspectives on the stock's potential.

Lindenwold Advisors INC increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 53.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,101 shares of the software company's stock after acquiring an additional 2,138 shares during the quarter. Adobe makes up about 1.2% of Lindenwold Advisors INC's holdings, making the stock its 23rd largest position. Lindenwold Advisors INC's holdings in Adobe were worth $2,360,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. 1248 Management LLC bought a new stake in Adobe during the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Adobe in the first quarter valued at $26,000. Flaharty Asset Management LLC bought a new stake in shares of Adobe in the first quarter valued at $29,000. HHM Wealth Advisors LLC bought a new stake in shares of Adobe in the first quarter valued at $30,000. Finally, Garde Capital Inc. bought a new stake in shares of Adobe in the first quarter valued at $34,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $337.51 on Friday. The stock has a market cap of $141.28 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average of $351.67 and a 200-day moving average of $370.78.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping 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 business had revenue of $5.99 billion during the quarter, compared to analysts' expectations of $5.91 billion. During the same period in the previous year, the business earned $4.65 earnings per share. The firm's 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. Equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on ADBE shares. Redburn Atlantic lowered Adobe from a "hold" rating to a "strong sell" rating and lowered their target price for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. TD Cowen lowered their target price on Adobe from $470.00 to $420.00 and set a "hold" rating on the stock in a research note on Friday, September 12th. Morgan Stanley lowered Adobe from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $520.00 to $450.00 in a research note on Wednesday, September 24th. Evercore ISI lowered their target price on Adobe from $475.00 to $450.00 and set an "outperform" rating on the stock in a research note on Friday, September 12th. Finally, Barclays boosted their target price on Adobe from $460.00 to $465.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Adobe has an average rating of "Hold" and an average target price 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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