Banco Bilbao Vizcaya Argentaria S.A. Buys 2,202 Shares of Adobe Inc. $ADBE

by · The Cerbat Gem

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,430 shares of the software company’s stock after purchasing an additional 2,202 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Adobe were worth $53,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADBE. 1248 Management LLC bought a new position in shares of Adobe during the 1st quarter worth approximately $25,000. Flaharty Asset Management LLC purchased a new position in Adobe in the first quarter worth $29,000. HHM Wealth Advisors LLC purchased a new position in Adobe in the first quarter worth $30,000. Nexus Investment Management ULC acquired a new position in shares of Adobe during the second quarter worth $31,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Adobe by 44.9% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock valued at $39,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays set a $465.00 target price on Adobe and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Citigroup cut their price objective on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Thursday, September 11th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $405.00 price objective on shares of Adobe in a research report on Wednesday, October 29th. DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Adobe in a research report on Friday, September 12th. Finally, Royal Bank Of Canada cut their price target on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $433.41.

Get Our Latest Stock Report on ADBE

Insiders Place Their Bets

In related news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Adobe Trading Down 1.0%

Shares of Adobe stock opened at $333.60 on Friday. The stock has a market cap of $139.64 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47. The firm has a fifty day moving average price of $346.97 and a 200 day moving average price of $367.41. Adobe Inc. has a 1 year low of $323.03 and a 1 year high of $557.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE – Get Free Report) 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. Equities research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current 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.

See Also

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