Capital Advisors Ltd. LLC Sells 131 Shares of Adobe Inc. (NASDAQ:ADBE)

Capital Advisors Ltd. LLC reduced its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 15.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 740 shares of the software company’s stock after selling 131 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Adobe were worth $329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. South Dakota Investment Council raised its holdings in Adobe by 187.3% during the 4th quarter. South Dakota Investment Council now owns 24,094 shares of the software company’s stock valued at $10,714,000 after acquiring an additional 15,709 shares during the period. MONECO Advisors LLC grew its position in shares of Adobe by 14.0% in the fourth quarter. MONECO Advisors LLC now owns 832 shares of the software company’s stock valued at $370,000 after purchasing an additional 102 shares in the last quarter. Forvis Mazars Wealth Advisors LLC raised its stake in shares of Adobe by 1.2% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 8,050 shares of the software company’s stock valued at $3,580,000 after purchasing an additional 95 shares during the period. Howard Capital Management Inc. lifted its holdings in Adobe by 3.0% during the 4th quarter. Howard Capital Management Inc. now owns 14,126 shares of the software company’s stock worth $6,282,000 after purchasing an additional 417 shares in the last quarter. Finally, Integral Investment Advisors Inc. boosted its stake in Adobe by 6.1% in the 4th quarter. Integral Investment Advisors Inc. now owns 2,782 shares of the software company’s stock worth $1,237,000 after purchasing an additional 159 shares during the period. 81.79% of the stock is owned by institutional investors.

Adobe Trading Down 2.3 %

NASDAQ ADBE opened at $444.32 on Monday. The stock has a 50-day moving average of $440.46 and a 200-day moving average of $493.88. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.29. Adobe Inc. has a 1-year low of $403.75 and a 1-year high of $587.75. The firm has a market cap of $193.41 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 2.20 and a beta of 1.31.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 11th. The software company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.67 by $0.14. Adobe had a return on equity of 45.87% and a net margin of 25.85%. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter in the previous year, the company posted $3.52 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 334 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $435.83, for a total transaction of $145,567.22. Following the transaction, the chief accounting officer now directly owns 2,685 shares of the company’s stock, valued at approximately $1,170,203.55. The trade was a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy Banse sold 606 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $550.00, for a total value of $333,300.00. Following the completion of the sale, the director now directly owns 32,929 shares of the company’s stock, valued at $18,110,950. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,681 shares of company stock valued at $2,525,126 in the last quarter. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $475.00 price target (down from $600.00) on shares of Adobe in a research report on Wednesday, January 8th. Bank of America lowered their target price on shares of Adobe from $640.00 to $605.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Citigroup reduced their price target on shares of Adobe from $616.00 to $590.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. StockNews.com downgraded Adobe from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, BNP Paribas upgraded Adobe from an “underperform” rating to a “neutral” rating and set a $425.00 target price for the company in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $570.88.

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.