Liberty Wealth Management LLC Cuts Stock Position in Adobe Inc. $ADBE

Liberty Wealth Management LLC trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 99.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,365 shares of the software company’s stock after selling 399,405 shares during the period. Liberty Wealth Management LLC’s holdings in Adobe were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. 1248 Management LLC purchased a new stake in shares of Adobe in the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Adobe during the 1st quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new position in Adobe in the 1st quarter worth approximately $29,000. HHM Wealth Advisors LLC acquired a new stake in Adobe in the first quarter valued at approximately $30,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of Adobe during the second quarter valued at approximately $31,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADBE. Redburn Atlantic downgraded shares of Adobe from a “hold” rating to a “strong sell” rating and decreased their target price for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Citigroup decreased their price objective on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. Oppenheimer lowered their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. Redburn Partners set a $280.00 price target on Adobe in a research note on Monday, September 1st. Finally, Evercore ISI lowered their price objective on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Adobe currently has a consensus rating of “Hold” and an average target price of $433.41.

Adobe Stock Performance

Shares of ADBE stock opened at $353.52 on Monday. The stock has a market capitalization of $147.98 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 1.58 and a beta of 1.49. Adobe Inc. has a one year low of $327.50 and a one year high of $557.90. The company’s 50-day simple moving average is $351.71 and its 200-day simple moving average is $368.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02.

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