C WorldWide Group Holding A S Has $211.43 Million Position in Adobe Inc. $ADBE

C WorldWide Group Holding A S lowered its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 15.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 546,493 shares of the software company’s stock after selling 96,148 shares during the period. Adobe comprises about 2.9% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 16th biggest holding. C WorldWide Group Holding A S’s holdings in Adobe were worth $211,427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Schmidt P J Investment Management Inc. boosted its stake in shares of Adobe by 2.9% during the 1st quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock valued at $344,000 after buying an additional 25 shares during the period. GS Investments Inc. boosted its stake in shares of Adobe by 0.3% during the 1st quarter. GS Investments Inc. now owns 7,563 shares of the software company’s stock valued at $2,901,000 after buying an additional 26 shares during the period. Ted Buchan & Co boosted its stake in shares of Adobe by 1.9% during the 1st quarter. Ted Buchan & Co now owns 1,368 shares of the software company’s stock valued at $525,000 after buying an additional 26 shares during the period. Lifeworks Advisors LLC boosted its stake in shares of Adobe by 3.6% during the 1st quarter. Lifeworks Advisors LLC now owns 786 shares of the software company’s stock valued at $301,000 after buying an additional 27 shares during the period. Finally, VanderPol Investments L.L.C. boosted its stake in shares of Adobe by 5.2% during the 1st quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock valued at $209,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Adobe Stock Performance

Shares of ADBE opened at $335.53 on Thursday. The company has a market capitalization of $140.45 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49. Adobe Inc. has a one year low of $327.50 and a one year high of $557.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The company’s fifty day moving average price is $349.35 and its 200 day moving average price is $368.49.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.18 by $0.13. The firm 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%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ADBE shares. Cowen restated a “hold” rating on shares of Adobe in a report on Wednesday, October 29th. Barclays set a $465.00 price target on shares of Adobe and gave the company an “overweight” rating in a report on Wednesday, October 29th. BMO Capital Markets restated an “outperform” rating and set a $405.00 price target on shares of Adobe in a report on Wednesday, October 29th. Piper Sandler cut their price target on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. Finally, Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $433.41.

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.