Adobe (NASDAQ:ADBE) Stock Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of Adobe Inc. NASDAQ: ADBE. In a filing disclosed on June 22nd, the Representative disclosed that they had bought between $15,001 and $50,000 in Adobe stock on May 8th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Adobe Stock Down 0.3%

Shares of NASDAQ ADBE traded down $0.95 during trading hours on Friday, hitting $370.74. The company had a trading volume of 2,052,034 shares, compared to its average volume of 3,416,126. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm's 50 day moving average is $391.01 and its 200-day moving average is $400.84. The stock has a market capitalization of $157.27 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.76 and a beta of 1.51. Adobe Inc. has a 1-year low of $332.01 and a 1-year high of $587.75.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%. The business had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.80 billion. During the same quarter last year, the company posted $4.48 earnings per share. Adobe's quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ADBE. Siemens Fonds Invest GmbH increased its stake in shares of Adobe by 252.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after buying an additional 39,888 shares during the period. 1248 Management LLC acquired a new position in shares of Adobe in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Adobe in the first quarter valued at approximately $26,000. SWAN Capital LLC acquired a new position in shares of Adobe in the fourth quarter valued at approximately $28,000. Finally, Copia Wealth Management acquired a new position in shares of Adobe in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on ADBE. BMO Capital Markets reaffirmed an "outperform" rating and set a $450.00 price target on shares of Adobe in a report on Friday, June 13th. Citigroup cut their price target on Adobe from $465.00 to $450.00 and set a "neutral" rating for the company in a report on Monday, June 16th. UBS Group raised their price target on Adobe from $380.00 to $430.00 and gave the company a "neutral" rating in a report on Monday, June 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $480.00 price target on shares of Adobe in a report on Thursday, June 5th. Finally, Redburn Atlantic cut Adobe from a "hold" rating to a "strong sell" rating and lowered their price objective for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $473.88.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.