Mutual Advisors LLC Sells 116 Shares of Adobe Inc. $ADBE

Mutual Advisors LLC lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 0.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 15,817 shares of the software company’s stock after selling 116 shares during the period. Mutual Advisors LLC’s holdings in Adobe were worth $5,864,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ADBE. 1248 Management LLC bought a new stake in shares of Adobe in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Adobe during the first quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in Adobe during the first quarter worth $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe during the first quarter worth $30,000. Finally, Garde Capital Inc. acquired a new position in Adobe during the first quarter worth $34,000. Institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

Shares of ADBE opened at $330.63 on Thursday. The firm has a market capitalization of $138.40 billion, a PE ratio of 20.60, a PEG ratio of 1.51 and a beta of 1.49. The company’s 50-day moving average is $351.33 and its 200-day moving average is $369.58. Adobe Inc. has a fifty-two week low of $329.20 and a fifty-two week 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.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period in the prior year, the firm earned $4.65 earnings per share. The company’s revenue 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. Equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ADBE shares. Weiss Ratings restated a “hold (c-)” rating on shares of Adobe in a report on Wednesday, October 8th. JMP Securities restated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Barclays boosted their target price on shares of Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Redburn Atlantic downgraded shares of 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 report on Wednesday, July 2nd. Finally, Evercore ISI lowered their target price on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.