WBH Advisory Inc. Increases Stock Holdings in Adobe Inc. $ADBE

WBH Advisory Inc. grew its position in Adobe Inc. (NASDAQ:ADBE) by 34.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 705 shares of the software company’s stock after buying an additional 180 shares during the quarter. WBH Advisory Inc.’s holdings in Adobe were worth $273,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Madison Wealth Partners Inc purchased a new position in shares of Adobe in the second quarter valued at $218,000. Calamos Wealth Management LLC acquired a new stake in shares of Adobe during the second quarter valued at $9,186,000. Salomon & Ludwin LLC boosted its stake in shares of Adobe by 45.6% during the second quarter. Salomon & Ludwin LLC now owns 198 shares of the software company’s stock valued at $75,000 after acquiring an additional 62 shares during the last quarter. Crux Wealth Advisors boosted its stake in shares of Adobe by 53.2% during the second quarter. Crux Wealth Advisors now owns 1,808 shares of the software company’s stock valued at $699,000 after acquiring an additional 628 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Adobe by 48.6% during the second quarter. Chicago Partners Investment Group LLC now owns 5,193 shares of the software company’s stock valued at $1,934,000 after acquiring an additional 1,699 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the topic of a number of analyst reports. Rothschild & Co Redburn lowered Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price objective on the stock. in a research note on Wednesday, July 2nd. Redburn Atlantic lowered Adobe from a “hold” rating to a “strong sell” rating and decreased their price objective for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Citigroup decreased their price objective on Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Oppenheimer decreased their price objective on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Finally, Barclays raised their price target on Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Up 3.0%

Shares of NASDAQ:ADBE opened at $343.40 on Tuesday. The stock’s 50-day moving average price is $351.18 and its two-hundred day moving average price is $368.72. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12-month low of $327.50 and a 12-month high of $557.90. The firm has a market cap of $143.75 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.49 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.65 EPS. 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 forecast that Adobe Inc. will post 16.65 EPS for the current year.

Adobe 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.