Adobe Inc. $ADBE Holdings Raised by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC grew its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 28.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,578 shares of the software company’s stock after acquiring an additional 791 shares during the period. MBM Wealth Consultants LLC’s holdings in Adobe were worth $1,384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. 1248 Management LLC purchased a new stake in shares of Adobe during the 1st quarter worth about $25,000. LSV Asset Management increased its holdings in Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in Adobe in the first quarter worth approximately $29,000. Nexus Investment Management ULC bought a new position in Adobe during the second quarter valued at approximately $31,000. Finally, Horizon Financial Services LLC lifted its stake in Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after acquiring an additional 80 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Cowen restated a “hold” rating on shares of Adobe in a research note on Wednesday, October 29th. Morgan Stanley downgraded shares of Adobe from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $520.00 to $450.00 in a research report on Wednesday, September 24th. Royal Bank Of Canada cut their target price on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $428.96.

Insider Activity at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Adobe Trading Up 0.9%

Shares of ADBE stock opened at $320.25 on Monday. 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 1 year low of $311.58 and a 1 year high of $557.90. The firm’s fifty day simple moving average is $339.41 and its 200 day simple moving average is $362.37. The firm has a market capitalization of $134.05 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.13. The company 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 revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous 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, sell-side analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

About Adobe

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.