Valley Brook Capital Group Inc. Decreases Holdings in Adobe Inc. $ADBE

Valley Brook Capital Group Inc. lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 7.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,265 shares of the software company’s stock after selling 100 shares during the period. Valley Brook Capital Group Inc.’s holdings in Adobe were worth $489,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ADBE. 1248 Management LLC purchased a new stake in Adobe during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Adobe during the first quarter worth about $26,000. Flaharty Asset Management LLC purchased a new stake in Adobe during the first quarter worth about $29,000. HHM Wealth Advisors LLC purchased a new stake in Adobe during the first quarter worth about $30,000. Finally, Garde Capital Inc. purchased a new stake in Adobe during the first quarter worth about $34,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Piper Sandler decreased their price objective on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th. DA Davidson reiterated a “buy” rating and set a $500.00 target price on shares of Adobe in a research report on Friday, September 12th. Barclays increased their target price on shares of Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Redburn Atlantic lowered shares of Adobe from a “hold” rating to a “strong sell” rating and cut their target price for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Finally, BMO Capital Markets cut their target price on shares of Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Trading Down 2.9%

Shares of ADBE opened at $337.51 on Friday. The firm’s 50 day simple moving average is $351.67 and its 200 day simple moving average is $370.59. The company has a market capitalization of $141.28 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.51 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90.

Adobe (NASDAQ:ADBE) last announced its earnings results 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. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. Adobe’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Sell-side analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.