Adobe Inc. $ADBE Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S lowered its position in Adobe Inc. (NASDAQ:ADBE) by 15.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 546,493 shares of the software company’s stock after selling 96,148 shares during the quarter. Adobe comprises approximately 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 owned 0.13% of Adobe worth $211,427,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. 1248 Management LLC acquired a new stake in shares of Adobe in the first quarter valued at approximately $25,000. Flaharty Asset Management LLC acquired a new position in shares of Adobe during the first quarter valued at approximately $29,000. HHM Wealth Advisors LLC acquired a new position in shares of Adobe during the first quarter valued at approximately $30,000. Nexus Investment Management ULC acquired a new position in shares of Adobe during the second quarter valued at approximately $31,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of Adobe by 128.6% during the first quarter. Cornerstone Planning Group LLC now owns 112 shares of the software company’s stock valued at $39,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Adobe Trading Up 0.1%

Shares of NASDAQ:ADBE opened at $335.53 on Thursday. The stock has a market capitalization of $140.45 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.51 and a beta of 1.49. Adobe Inc. has a 1-year low of $327.50 and a 1-year high of $557.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day moving average price of $349.35 and a 200 day moving average price of $368.49.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $4.65 earnings per share. 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 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on ADBE shares. Oppenheimer lowered their price objective on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Barclays set a $465.00 price objective on shares of Adobe and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Redburn Partners set a $280.00 price objective on shares of Adobe in a research note on Monday, September 1st. Piper Sandler lowered their price objective on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Finally, Royal Bank Of Canada lowered their price objective on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.