LVM Capital Management Ltd. MI Sells 60 Shares of Adobe Inc. $ADBE

LVM Capital Management Ltd. MI cut its position in Adobe Inc. (NASDAQ:ADBE) by 7.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 698 shares of the software company’s stock after selling 60 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Adobe were worth $270,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. RB Capital Management LLC boosted its stake in shares of Adobe by 0.4% in the 4th quarter. RB Capital Management LLC now owns 4,944 shares of the software company’s stock valued at $2,198,000 after buying an additional 22 shares during the period. Orin Green Financial LLC lifted its stake in 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 purchasing an additional 23 shares during the last quarter. Schmidt P J Investment Management Inc. lifted its stake in Adobe by 2.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after purchasing an additional 25 shares during the last quarter. Second Line Capital LLC lifted its stake in 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 purchasing an additional 26 shares during the last quarter. Finally, Vista Investment Management lifted its stake in Adobe by 3.1% during the fourth quarter. Vista Investment Management now owns 875 shares of the software company’s stock worth $389,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Trading Down 0.3%

ADBE opened at $349.36 on Friday. The firm has a market cap of $148.20 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.66 and a beta of 1.48. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90. The business’s 50 day moving average is $357.32 and its two-hundred day moving average is $379.80. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.18 by $0.13. Adobe had a return on equity of 56.30% and a net margin of 30.01%.The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the previous year, the company posted $4.65 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, research analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JMP Securities restated a “market perform” rating on shares of Adobe in a research note on Friday. BMO Capital Markets decreased their target price on Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research note on Friday. UBS Group decreased their target price on Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a research note on Friday. Bank of America boosted their target price on Adobe from $424.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, June 13th. Finally, Oppenheimer decreased their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Adobe currently has an average rating of “Moderate Buy” and a consensus target price of $435.63.

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.