Adobe Inc. $ADBE Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 15.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,791 shares of the software company’s stock after selling 705 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Adobe were worth $1,467,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ADBE. 1248 Management LLC acquired a new position in Adobe in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Adobe in the 1st quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in Adobe in the 1st quarter valued at $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe in the 1st quarter valued at $30,000. Finally, Garde Capital Inc. acquired a new position in Adobe in the 1st quarter valued at $34,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Performance

Shares of ADBE stock opened at $348.31 on Wednesday. Adobe Inc. has a 12 month low of $330.04 and a 12 month 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 firm has a market capitalization of $145.80 billion, a P/E ratio of 21.70, a P/E/G ratio of 1.57 and a beta of 1.49. The company’s fifty day moving average price is $352.39 and its two-hundred day moving average price is $371.72.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on ADBE shares. DA Davidson reiterated a “buy” rating and issued a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Piper Sandler lowered their price objective on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. Wells Fargo & Company reissued an “overweight” rating and set a $470.00 price objective (up from $430.00) on shares of Adobe in a research note on Friday, June 13th. Melius cut shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective for the company. in a research note on Monday, August 11th. Finally, JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company 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.