Adobe Inc. $ADBE Shares Bought by Vision Financial Markets LLC

Vision Financial Markets LLC grew its holdings in Adobe Inc. (NASDAQ:ADBE) by 12,268.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,979 shares of the software company’s stock after acquiring an additional 1,963 shares during the period. Adobe comprises approximately 0.7% of Vision Financial Markets LLC’s holdings, making the stock its 28th biggest holding. Vision Financial Markets LLC’s holdings in Adobe were worth $766,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ADBE. Vanguard Group Inc. lifted its stake in shares of Adobe by 0.4% during the first quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company’s stock worth $15,779,895,000 after purchasing an additional 171,547 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Adobe by 14.4% in the 1st quarter. Bank of New York Mellon Corp now owns 6,530,611 shares of the software company’s stock worth $2,504,685,000 after acquiring an additional 821,293 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Adobe by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock valued at $2,097,289,000 after acquiring an additional 126,688 shares in the last quarter. Amundi raised its stake in shares of Adobe by 24.7% during the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after purchasing an additional 961,895 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Adobe by 68.3% during the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company’s stock worth $1,754,954,000 after purchasing an additional 1,856,544 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on ADBE shares. Melius lowered shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective on the stock. in a report on Monday, August 11th. Oppenheimer lowered their price objective 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 Atlantic cut Adobe from a “hold” rating to a “strong sell” rating and reduced their target price for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Evercore ISI decreased their price target on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. Finally, Barclays upped their price target on shares of Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $433.41.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $357.80 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $149.78 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. Adobe Inc. has a twelve month low of $327.50 and a twelve month high of $557.90. The business has a 50 day simple moving average of $351.72 and a 200-day simple moving average of $368.91.

Adobe (NASDAQ:ADBE) last released 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. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the previous year, the company posted $4.65 earnings per share. The firm’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. As a group, equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

About Adobe

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.