AAFMAA Wealth Management & Trust LLC Sells 834 Shares of Adobe Inc. $ADBE

AAFMAA Wealth Management & Trust LLC trimmed its holdings in Adobe Inc. (NASDAQ:ADBE) by 20.4% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,249 shares of the software company’s stock after selling 834 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Adobe were worth $1,257,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Copia Wealth Management bought a new stake in Adobe in the 4th quarter worth about $28,000. 1248 Management LLC purchased a new position in Adobe in the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe in the first quarter worth about $26,000. Flaharty Asset Management LLC purchased a new position in Adobe in the first quarter worth about $29,000. Finally, HHM Wealth Advisors LLC purchased a new position in Adobe in the first quarter worth about $30,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Up 0.3%

ADBE stock opened at $354.16 on Friday. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a market cap of $150.23 billion, a P/E ratio of 22.07, a PEG ratio of 1.58 and a beta of 1.48. The business’s 50-day moving average price is $355.36 and its 200-day moving average price is $374.59.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm earned $4.65 EPS. The business’s quarterly 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. On average, equities research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analyst Weigh In

ADBE has been the topic of several research reports. Piper Sandler dropped their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. Wells Fargo & Company reissued an “overweight” rating and issued a $470.00 target price (up from $430.00) on shares of Adobe in a research report on Friday, June 13th. Melius cut Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price on the stock. in a research report on Monday, August 11th. Redburn Partners set a $280.00 target price on Adobe in a research report on Monday, September 1st. Finally, Stifel Nicolaus dropped their target price on Adobe from $525.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $433.41.

Adobe 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.