Wealthfront Advisers LLC Increases Stock Holdings in Adobe Inc. $ADBE

Wealthfront Advisers LLC increased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,461 shares of the software company’s stock after buying an additional 58 shares during the quarter. Wealthfront Advisers LLC’s holdings in Adobe were worth $18,749,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. 1248 Management LLC bought a new stake in shares of Adobe in the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Adobe during the first quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new position in Adobe during the first quarter worth about $29,000. HHM Wealth Advisors LLC bought a new stake in Adobe in the 1st quarter worth about $30,000. Finally, Nexus Investment Management ULC bought a new stake in Adobe in the 2nd quarter worth about $31,000. 81.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. BMO Capital Markets dropped their target price on shares of Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Barclays increased their price target on Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. UBS Group cut their price objective on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Morgan Stanley lowered Adobe from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $520.00 to $450.00 in a research report on Wednesday, September 24th. Finally, Redburn Atlantic cut Adobe from a “hold” rating to a “strong sell” rating and lowered their target price for the stock from $420.00 to $280.00 in a research note on Wednesday, July 2nd. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $433.41.

Adobe Price Performance

NASDAQ ADBE opened at $353.52 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a market cap of $147.98 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. Adobe Inc. has a 52 week low of $327.50 and a 52 week high of $557.90. The firm’s 50-day simple moving average is $351.71 and its two-hundred day simple moving average is $368.92.

Adobe (NASDAQ:ADBE) last posted its earnings results 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. The firm had revenue of $5.99 billion during 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%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $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. Research analysts predict that Adobe Inc. will post 16.65 earnings per share 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.