Adobe Inc. $ADBE Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,467 shares of the software company’s stock after selling 30 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Adobe were worth $954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after purchasing an additional 167 shares during the last quarter. Rothschild Investment LLC grew its position in Adobe by 94.3% during the 1st quarter. Rothschild Investment LLC now owns 2,129 shares of the software company’s stock worth $817,000 after purchasing an additional 1,033 shares during the period. Lantz Financial LLC raised its stake in shares of Adobe by 6.8% during the 1st quarter. Lantz Financial LLC now owns 740 shares of the software company’s stock valued at $284,000 after buying an additional 47 shares during the last quarter. Peoples Bank KS lifted its holdings in shares of Adobe by 13.1% in the 1st quarter. Peoples Bank KS now owns 1,209 shares of the software company’s stock valued at $464,000 after buying an additional 140 shares during the period. Finally, Kaizen Financial Strategies boosted its stake in shares of Adobe by 2.9% in the first quarter. Kaizen Financial Strategies now owns 1,829 shares of the software company’s stock worth $701,000 after buying an additional 52 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BMO Capital Markets reduced their price target on Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. DA Davidson reaffirmed a “buy” rating and set a $500.00 target price on shares of Adobe in a report on Friday, September 12th. JMP Securities reissued a “market perform” rating on shares of Adobe in a report on Friday, September 12th. UBS Group dropped their price target on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Finally, Rothschild & Co Redburn downgraded shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price objective for the company. in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $433.41.

Adobe Stock Performance

NASDAQ:ADBE opened at $360.37 on Monday. 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 stock has a market capitalization of $150.85 billion, a PE ratio of 22.45, a P/E/G ratio of 1.62 and a beta of 1.48. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90. The company has a fifty day moving average of $355.25 and a two-hundred day moving average of $373.60.

Adobe (NASDAQ:ADBE) last announced its earnings results 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 net margin of 30.01% and a return on equity of 57.54%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter last year, the business earned $4.65 earnings per share. The company’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. As a group, research analysts forecast 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.