Venture Visionary Partners LLC Sells 6,353 Shares of Adobe Inc. $ADBE

Key Points

• Venture Visionary Partners LLC reduced its stake in Adobe Inc. by 54.4%, selling 6,353 shares to hold 5,331 shares worth approximately $2.05 million by the quarter's end.
• Adobe's recent quarterly earnings beat estimates, reporting $5.06 EPS on revenues of $5.87 billion, indicating a 10.6% year-over-year revenue growth.
• Analysts have mixed ratings for Adobe, with a consensus price target of $467.58, while recent reports saw price targets revised between $475.00 and $500.00.

Venture Visionary Partners LLC lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 54.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,331 shares of the software company's stock after selling 6,353 shares during the period. Venture Visionary Partners LLC's holdings in Adobe were worth $2,045,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Copia Wealth Management bought a new position in Adobe in the fourth quarter worth approximately $28,000. SWAN Capital LLC bought a new position in Adobe in the fourth quarter worth approximately $28,000. Barnes Dennig Private Wealth Management LLC bought a new position in Adobe in the first quarter worth approximately $26,000. HHM Wealth Advisors LLC bought a new position in Adobe in the first quarter worth approximately $30,000. Finally, Bernard Wealth Management Corp. bought a new position in Adobe in the fourth quarter worth approximately $36,000. Institutional investors own 81.79% of the company's stock.

Analysts Set New Price Targets

ADBE has been the subject of a number of recent research reports. Oppenheimer reduced their price objective on shares of Adobe from $530.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, June 13th. Bank of America upped their price target on Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $480.00 price target on shares of Adobe in a research report on Thursday, June 5th. Piper Sandler reduced their price target on Adobe from $600.00 to $500.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a research report on Monday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $467.58.

Adobe Price Performance

Shares of ADBE opened at $361.03 on Wednesday. The firm has a market capitalization of $153.15 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.69 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $587.75. The company's fifty day moving average price is $369.56 and its 200-day moving average price is $391.35.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, beating analysts' consensus estimates of $4.97 by $0.09. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The business's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.48 earnings per share. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, equities research analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

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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