GoalVest Advisory LLC Purchases 75 Shares of Adobe Inc. $ADBE

GoalVest Advisory LLC raised its position in Adobe Inc. (NASDAQ:ADBE) by 37.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 276 shares of the software company’s stock after buying an additional 75 shares during the period. GoalVest Advisory LLC’s holdings in Adobe were worth $107,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Solstein Capital LLC boosted its position in shares of Adobe by 34.2% in the 2nd quarter. Solstein Capital LLC now owns 357 shares of the software company’s stock worth $138,000 after purchasing an additional 91 shares during the last quarter. Chilton Capital Management LLC boosted its position in shares of Adobe by 4.0% in the 2nd quarter. Chilton Capital Management LLC now owns 6,335 shares of the software company’s stock worth $2,451,000 after purchasing an additional 246 shares during the last quarter. Resonant Capital Advisors LLC boosted its position in shares of Adobe by 80.2% in the 2nd quarter. Resonant Capital Advisors LLC now owns 8,030 shares of the software company’s stock worth $3,107,000 after purchasing an additional 3,574 shares during the last quarter. Hixon Zuercher LLC boosted its position in shares of Adobe by 1.9% in the 2nd quarter. Hixon Zuercher LLC now owns 8,318 shares of the software company’s stock worth $3,218,000 after purchasing an additional 159 shares during the last quarter. Finally, New Hampshire Trust boosted its position in shares of Adobe by 2.6% in the 2nd quarter. New Hampshire Trust now owns 5,243 shares of the software company’s stock worth $2,028,000 after purchasing an additional 134 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on ADBE. Barclays raised their price target on Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Evercore ISI reduced their price target on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Adobe in a research report on Friday, September 12th. Melius lowered Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price on the stock. in a report on Monday, August 11th. Finally, BMO Capital Markets reduced their target price on Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Performance

ADBE stock opened at $353.52 on Monday. The business’s 50-day moving average price is $351.71 and its two-hundred day moving average price is $368.95. Adobe Inc. has a 1-year low of $327.50 and a 1-year high of $557.90. The firm has a market cap of $147.98 billion, a PE ratio of 22.03, a P/E/G ratio of 1.58 and a beta of 1.49. 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 (NASDAQ:ADBE) last released its quarterly earnings results 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 last year, the business posted $4.65 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, research analysts forecast 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.