Adobe Inc. $ADBE Shares Sold by Advisory Alpha LLC

Advisory Alpha LLC reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 21.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 613 shares of the software company’s stock after selling 168 shares during the quarter. Advisory Alpha LLC’s holdings in Adobe were worth $237,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ADBE. 1248 Management LLC acquired a new position in shares of Adobe in the 1st quarter worth approximately $25,000. Flaharty Asset Management LLC acquired a new position in shares of Adobe in the 1st quarter worth approximately $29,000. HHM Wealth Advisors LLC acquired a new position in shares of Adobe in the 1st quarter worth approximately $30,000. Nexus Investment Management ULC acquired a new position in shares of Adobe in the 2nd quarter worth approximately $31,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Adobe by 128.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 112 shares of the software company’s stock worth $39,000 after acquiring an additional 63 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Price Performance

Shares of ADBE opened at $339.24 on Friday. Adobe Inc. has a twelve month low of $327.50 and a twelve month high of $557.90. The firm’s fifty day simple moving average is $351.10 and its 200-day simple moving average is $368.67. The firm has a market capitalization of $142.01 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.51 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period last year, the business earned $4.65 EPS. The company’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 analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on ADBE. Weiss Ratings restated a “hold (c-)” rating on shares of Adobe in a report on Wednesday, October 8th. Mizuho lowered Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Finally, Piper Sandler lowered their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company 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, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.