Adobe Inc. $ADBE Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Adobe Inc. by 9.3%, now holding approximately 0.23% of the company with $373.76 million in value as per the latest SEC filing.
• Several institutional investors increased their positions in Adobe, with Alpha Family Trust boosting its stake by 13.5% and Brooklyn Investment Group raising its position by 40.0% in the same quarter.
• Adobe reported quarterly earnings of $5.06 EPS, surpassing expectations, with revenue growth of 10.6% year-over-year, indicating strong financial performance amidst varying analyst ratings for its stock.

Wellington Management Group LLP cut its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 9.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 974,516 shares of the software company's stock after selling 100,058 shares during the period. Wellington Management Group LLP owned about 0.23% of Adobe worth $373,756,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Eagle Strategies LLC raised its position in Adobe by 1.5% during the fourth quarter. Eagle Strategies LLC now owns 1,465 shares of the software company's stock worth $651,000 after acquiring an additional 22 shares during the period. RB Capital Management LLC grew its holdings in shares of Adobe by 0.4% during the fourth quarter. RB Capital Management LLC now owns 4,944 shares of the software company's stock worth $2,198,000 after buying an additional 22 shares in the last quarter. Orin Green Financial LLC grew its holdings in shares of Adobe by 3.8% during the fourth quarter. Orin Green Financial LLC now owns 621 shares of the software company's stock worth $276,000 after buying an additional 23 shares in the last quarter. Diligent Investors LLC grew its holdings in shares of Adobe by 1.2% during the fourth quarter. Diligent Investors LLC now owns 2,160 shares of the software company's stock worth $961,000 after buying an additional 26 shares in the last quarter. Finally, Second Line Capital LLC grew its holdings in shares of Adobe by 3.5% during the fourth quarter. Second Line Capital LLC now owns 768 shares of the software company's stock worth $342,000 after buying an additional 26 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Up 2.5%

Shares of ADBE traded up $8.66 during mid-day trading on Friday, reaching $362.09. The stock had a trading volume of 3,055,589 shares, compared to its average volume of 3,743,152. 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 52-week low of $330.04 and a 52-week high of $587.75. The business's fifty day moving average is $366.57 and its 200 day moving average is $389.64. The firm has a market cap of $153.60 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 1.72 and a beta of 1.51.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $5.80 billion. During the same quarter in the prior year, the firm posted $4.48 earnings per share. Adobe'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, sell-side analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

ADBE has been the subject of a number of research reports. Rothschild & Co Redburn lowered 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. DA Davidson reaffirmed a "buy" rating and set a $500.00 target price on shares of Adobe in a report on Friday, June 20th. Oppenheimer dropped their target price on shares of Adobe from $530.00 to $500.00 and set an "outperform" rating for the company in a report on Friday, June 13th. Melius lowered 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. Finally, Robert W. Baird upped their target price on shares of Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a 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 stock has an average rating of "Moderate Buy" and a consensus price target of $467.58.

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.