Adobe Inc. $ADBE Shares Sold by Freedom Investment Management Inc.

by · The Cerbat Gem

Freedom Investment Management Inc. reduced its position in Adobe Inc. (NASDAQ:ADBE – Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,788 shares of the software company’s stock after selling 108 shares during the quarter. Freedom Investment Management Inc.’s holdings in Adobe were worth $1,466,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. 1248 Management LLC acquired a new position in Adobe in the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Adobe in the 1st quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new position in shares of Adobe during the first quarter worth about $29,000. HHM Wealth Advisors LLC acquired a new position in shares of Adobe during the first quarter worth about $30,000. Finally, Nexus Investment Management ULC acquired a new position in shares of Adobe during the second quarter worth about $31,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of analyst reports. Evercore ISI lowered 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a research report on Wednesday, October 8th. Barclays boosted their price objective on Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Melius downgraded Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective for the company. in a research report on Monday, August 11th. Finally, Rothschild & Co Redburn downgraded 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 issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Adobe has an average rating of “Hold” and an average price target of $433.41.

View Our Latest Stock Report on Adobe

Adobe Price Performance

ADBE stock opened at $354.12 on Friday. The business has a 50 day moving average price of $351.74 and a 200 day moving average price of $368.63. The stock has a market cap of $148.23 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.59 and a beta of 1.49. Adobe Inc. has a fifty-two week low of $327.50 and a fifty-two week high of $557.90. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE – Get Free Report) last posted its 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 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 was up 10.7% compared to the same quarter last year. During the same quarter 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. Equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Adobe Profile

(Free Report)

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.

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