Lmcg Investments LLC Sells 750 Shares of Adobe Inc. $ADBE

Lmcg Investments LLC trimmed its holdings in Adobe Inc. (NASDAQ:ADBE) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,556 shares of the software company’s stock after selling 750 shares during the quarter. Lmcg Investments LLC’s holdings in Adobe were worth $6,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Garde Capital Inc. acquired a new position in shares of Adobe in the 1st quarter valued at about $34,000. PFG Advisors lifted its stake in shares of Adobe by 20.8% in the 1st quarter. PFG Advisors now owns 4,964 shares of the software company’s stock valued at $1,904,000 after purchasing an additional 855 shares during the period. Krane Funds Advisors LLC lifted its stake in shares of Adobe by 110.4% in the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company’s stock valued at $533,000 after purchasing an additional 730 shares during the period. Financial Counselors Inc. raised its stake in Adobe by 9.2% during the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company’s stock worth $24,105,000 after buying an additional 5,298 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new position in Adobe during the 1st quarter worth approximately $305,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Adobe from $525.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, June 13th. Mizuho downgraded Adobe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. BMO Capital Markets dropped their price target on Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. Finally, Melius downgraded Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target on the stock. in a research note on Monday, August 11th. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $433.41.

Adobe Stock Performance

Shares of Adobe stock opened at $337.51 on Friday. The company has a market cap of $141.28 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90. The business has a 50 day moving average price of $351.67 and a 200-day moving average price of $370.78. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business 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. Equities analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.