Groupe la Francaise Has $3.05 Million Stock Position in Adobe Inc. $ADBE
Groupe la Francaise reduced its stake in Adobe Inc. (NASDAQ: ADBE) by 51.5% in Q1, holding 7,729 shares valued at $3.05 million. Other institutional investors, like GAMMA Investing LLC and Goldman Sachs, significantly increased their positions in Adobe. Analyst ratings for Adobe vary, with a consensus rating of "Moderate Buy" and a target price of $467.58. Adobe reported Q2 earnings of $5.06 EPS, exceeding estimates, with revenue of $5.87 billion, up 10.6% year-over-year. The company has set Q3 2025 guidance at 5.150-5.200 EPS.
Groupe la Francaise decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 51.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,729 shares of the software company's stock after selling 8,197 shares during the quarter. Groupe la Francaise's holdings in Adobe were worth $3,054,000 at the end of the most recent quarter.
- Figma's Wild IPO Ride: Is the Stock's Premium Price Justified?
Several other institutional investors have also recently made changes to their positions in ADBE. GAMMA Investing LLC increased its position in shares of Adobe by 46,806.6% during the 1st quarter. GAMMA Investing LLC now owns 2,990,767 shares of the software company's stock worth $1,147,049,000 after purchasing an additional 2,984,391 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Adobe by 68.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock worth $1,754,954,000 after purchasing an additional 1,856,544 shares during the last quarter. Nuveen LLC acquired a new position in shares of Adobe during the 1st quarter worth approximately $607,443,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Adobe by 1,482.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company's stock worth $498,000 after purchasing an additional 1,216,351 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Adobe by 1,414.5% during the 4th quarter. Two Sigma Advisers LP now owns 889,000 shares of the software company's stock worth $395,321,000 after acquiring an additional 830,300 shares during the period. Institutional investors and hedge funds own 81.79% of the company's stock.
Analyst Upgrades and Downgrades
ADBE has been the subject of several research analyst reports. Wall Street Zen downgraded Adobe from a "buy" rating to a "hold" rating in a research note on Friday. JMP Securities reiterated a "market perform" rating on shares of Adobe in a research note on Monday, June 23rd. DA Davidson reiterated a "buy" rating and set a $500.00 target price on shares of Adobe in a research note on Friday, June 20th. Evercore ISI reiterated an "outperform" rating and set a $475.00 target price on shares of Adobe in a research note on Friday, June 13th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $450.00 target price on shares of Adobe in a research note on Friday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $467.58.
- Best Prime Day Ever? Here Are the Prime Winners Riding the Wave
Read Our Latest Stock Report on Adobe
Adobe Stock Performance
ADBE opened at $362.09 on Friday. The business has a fifty day simple moving average of $366.57 and a 200 day simple moving average of $389.64. The company has a market capitalization of $153.60 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.51. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $587.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99.
- Smart Investors Are Watching These 3 Undervalued Stocks
Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.09. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The firm's quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $4.48 EPS. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Research analysts expect that Adobe Inc. will post 16.65 EPS for the current year.
About Adobe
(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.
Further Reading
- Five stocks we like better than Adobe
- Pets Are Big Business: 4 Big-Ticket Pet Stocks to Add to Your Portfolio
- Equal Weight ETFs: Hidden Upside in Today’s Market
- What is diluted earnings per share (Diluted EPS)?
- Zillow Group Approaching Key Technical Levels: Is It Time to Buy?
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- For True Diversification: 3 Stocks You Can Buy Now
Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Adobe Right Now?
Before you consider Adobe, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adobe wasn't on the list.
While Adobe currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
