Pinion Investment Advisors LLC Has $477,000 Stock Holdings in Adobe Inc. $ADBE

Pinion Investment Advisors LLC decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,232 shares of the software company’s stock after selling 114 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Adobe were worth $477,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. 1248 Management LLC acquired a new stake in Adobe during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Adobe during the 1st quarter valued at $26,000. Flaharty Asset Management LLC acquired a new stake in Adobe during the 1st quarter valued at $29,000. HHM Wealth Advisors LLC acquired a new stake in shares of Adobe during the first quarter worth $30,000. Finally, Garde Capital Inc. acquired a new stake in shares of Adobe during the first quarter worth $34,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADBE. Wells Fargo & Company reissued an “overweight” rating and set a $470.00 target price (up previously from $430.00) on shares of Adobe in a report on Friday, June 13th. 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. Rothschild & Co Redburn cut Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price target on the stock. in a report on Wednesday, July 2nd. Mizuho cut Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, JMP Securities reiterated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $433.41.

Adobe Price Performance

Shares of ADBE opened at $347.47 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. 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 price is $351.88 and its two-hundred day moving average price is $371.24. The firm has a market cap of $145.45 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% 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 period in the prior year, the firm earned $4.65 earnings per share. Adobe’s revenue for the quarter 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. On average, equities analysts anticipate 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.