GC Wealth Management RIA LLC Takes Position in Adobe Inc. $ADBE

GC Wealth Management RIA LLC bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,248 shares of the software company’s stock, valued at approximately $2,030,000.

A number of other large investors have also recently bought and sold shares of the company. 1248 Management LLC purchased a new stake in Adobe in the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe during the first quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new position in Adobe in the first quarter valued at approximately $29,000. HHM Wealth Advisors LLC acquired a new stake in shares of Adobe during the 1st quarter worth approximately $30,000. Finally, Garde Capital Inc. purchased a new position in shares of Adobe during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ADBE shares. Redburn Atlantic cut shares of Adobe from a “hold” rating to a “strong sell” rating and cut their price objective for the company from $420.00 to $280.00 in a report on Wednesday, July 2nd. Rothschild & Co Redburn cut Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price target for the company. in a report on Wednesday, July 2nd. Mizuho downgraded Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Evercore ISI cut their price objective on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. Finally, Royal Bank Of Canada decreased their target price on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $433.41.

Adobe Stock Performance

NASDAQ ADBE opened at $359.42 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $355.08 and its 200-day simple moving average is $373.36. The company has a market cap of $150.45 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.62 and a beta of 1.48. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results 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 analysts’ expectations of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $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. As a group, equities research analysts anticipate that Adobe Inc. will post 16.65 EPS 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.