KPP Advisory Services LLC Acquires 76 Shares of Adobe Inc. $ADBE

KPP Advisory Services LLC raised its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,216 shares of the software company’s stock after purchasing an additional 76 shares during the period. KPP Advisory Services LLC’s holdings in Adobe were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Adobe Stock Down 1.3%

NASDAQ:ADBE opened at $346.74 on Monday. 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 company’s fifty day moving average price is $353.22 and its 200-day moving average price is $372.14. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90. The firm has a market capitalization of $145.15 billion, a P/E ratio of 21.60, a PEG ratio of 1.55 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $4.65 EPS. 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 year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a research note on Saturday, September 27th. Oppenheimer decreased their price target on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. Wells Fargo & Company reissued an “overweight” rating and issued a $470.00 price objective (up previously from $430.00) on shares of Adobe in a research note on Friday, June 13th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Finally, Bank of America upped their target price on Adobe from $424.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $433.41.

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.