Adobe Inc. $ADBE Shares Bought by Abundance Wealth Counselors

Abundance Wealth Counselors boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 11.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,535 shares of the software company’s stock after buying an additional 253 shares during the period. Abundance Wealth Counselors’ holdings in Adobe were worth $1,005,000 at the end of the most recent quarter.

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

Adobe Price Performance

ADBE stock opened at $351.48 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $147.13 billion, a PE ratio of 21.90, a P/E/G ratio of 1.54 and a beta of 1.49. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $557.90. The business’s fifty day moving average price is $353.70 and its 200 day moving average price is $372.68.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Redburn Atlantic lowered Adobe from a “hold” rating to a “strong sell” rating and decreased their price target for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Morgan Stanley lowered Adobe from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $520.00 to $450.00 in a research note on Wednesday, September 24th. Robert W. Baird upped their price target on Adobe from $410.00 to $425.00 and gave the company a “neutral” rating in a research note on Monday, June 16th. Finally, BMO Capital Markets decreased their price target on Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.