Earned Wealth Advisors LLC Purchases 364 Shares of Adobe Inc. $ADBE

Earned Wealth Advisors LLC boosted its position in Adobe Inc. (NASDAQ:ADBE) by 33.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,444 shares of the software company’s stock after buying an additional 364 shares during the quarter. Earned Wealth Advisors LLC’s holdings in Adobe were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. 1248 Management LLC purchased a new stake in Adobe in the 1st quarter worth about $25,000. Flaharty Asset Management LLC purchased a new position in shares of Adobe in the first quarter worth about $29,000. HHM Wealth Advisors LLC purchased a new position in shares of Adobe in the first quarter worth about $30,000. Nexus Investment Management ULC purchased a new position in shares of Adobe in the second quarter worth about $31,000. Finally, Barnes Dennig Private Wealth Management LLC increased its stake in shares of Adobe by 44.9% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock worth $39,000 after purchasing an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 0.4%

Shares of NASDAQ ADBE opened at $339.24 on Friday. Adobe Inc. has a 12 month low of $327.50 and a 12 month high of $557.90. 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 firm has a market capitalization of $142.01 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.51 and a beta of 1.49. The business has a 50-day moving average of $351.10 and a 200-day moving average of $368.67.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results 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 business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the company earned $4.65 EPS. The business’s quarterly revenue 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. Sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ADBE shares. Melius lowered shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective for the company. in a research note on Monday, August 11th. UBS Group reduced their price target on Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. Piper Sandler reduced their price target on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, September 12th. Mizuho lowered Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.