Stonehage Fleming Financial Services Holdings Ltd Sells 796 Shares of Adobe Inc. $ADBE

Key Points

• Stonehage Fleming Financial Services Holdings Ltd has reduced its stake in Adobe Inc. by 32.5%, selling 796 shares to hold a total of 1,654 shares valued at approximately $640,000.
• Recent analyst ratings for Adobe show a mix of opinions, with a consensus target price of $433.41 and various price targets ranging from $280.00 to $465.00.
• Adobe's recent earnings report showed a 10.7% increase in revenue year-over-year, with an earnings per share (EPS) of $5.31, exceeding analysts' expectations.

Stonehage Fleming Financial Services Holdings Ltd reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 32.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,654 shares of the software company's stock after selling 796 shares during the period. Stonehage Fleming Financial Services Holdings Ltd's holdings in Adobe were worth $640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 1248 Management LLC bought a new position in shares of Adobe during the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Adobe during the 1st quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Adobe during the 1st quarter valued at approximately $29,000. HHM Wealth Advisors LLC purchased a new stake in shares of Adobe during the 1st quarter valued at approximately $30,000. Finally, Garde Capital Inc. purchased a new stake in shares of Adobe during the 1st quarter valued at approximately $34,000. 81.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Citigroup dropped their price target on shares of Adobe from $450.00 to $400.00 and set a "neutral" rating on the stock in a research note on Thursday, September 11th. Rothschild & Co Redburn cut shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target on the stock. in a research note on Wednesday, July 2nd. Barclays upped their price target on shares of Adobe from $460.00 to $465.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Redburn Partners set a $280.00 price target on shares of Adobe in a research note on Monday, September 1st. Finally, Wall Street Zen upgraded shares of Adobe from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Adobe has an average rating of "Hold" and a consensus target price of $433.41.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $337.51 on Friday. The company's fifty day moving average price is $351.67 and its 200-day moving average price is $370.59. The firm has a market capitalization of $141.28 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.51 and a beta of 1.49. Adobe Inc. has a one year low of $330.04 and a one year high of $557.90. 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 issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts' consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior 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. On average, equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Adobe 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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