Adobe Inc. $ADBE Holdings Decreased by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 35.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 650 shares of the software company’s stock after selling 362 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Adobe were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. 1248 Management LLC purchased a new position in Adobe in the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe in the first quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new position in Adobe in the first quarter valued at about $29,000. HHM Wealth Advisors LLC purchased a new position in Adobe in the first quarter valued at about $30,000. Finally, Garde Capital Inc. purchased a new position in Adobe in the first quarter valued at about $34,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

NASDAQ ADBE opened at $348.31 on Wednesday. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $145.80 billion, a PE ratio of 21.70, a P/E/G ratio of 1.57 and a beta of 1.49. The stock has a 50-day simple moving average of $352.39 and a 200 day simple moving average of $371.72.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping 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 business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the firm earned $4.65 EPS. The firm’s 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. Research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of recent research reports. DA Davidson restated a “buy” rating and issued a $500.00 target price on shares of Adobe in a research note on Friday, September 12th. Oppenheimer decreased their price target on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. Wells Fargo & Company reiterated an “overweight” rating and set a $470.00 price target (up previously from $430.00) on shares of Adobe in a research note on Friday, June 13th. BMO Capital Markets decreased their price target on Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Finally, Redburn Partners set a $280.00 price target on Adobe in a research note on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Adobe has an average rating of “Hold” and a consensus price target of $433.41.

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.