Avenir Corp Invests $29.25 Million in Adobe Inc. $ADBE

Avenir Corp purchased a new stake in Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 75,600 shares of the software company’s stock, valued at approximately $29,248,000. Adobe makes up 3.0% of Avenir Corp’s investment portfolio, making the stock its 12th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the stock. 1248 Management LLC purchased a new position in Adobe during the 1st quarter valued at about $25,000. LSV Asset Management boosted its position in shares of Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after acquiring an additional 56 shares during the period. Flaharty Asset Management LLC purchased a new position in Adobe during the first quarter valued at approximately $29,000. Nexus Investment Management ULC bought a new stake in Adobe during the 2nd quarter worth approximately $31,000. Finally, Horizon Financial Services LLC increased its holdings in Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

ADBE opened at $356.43 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $336.07 and its 200 day simple moving average is $357.87. The firm has a market cap of $149.20 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.29 and a beta of 1.54. Adobe Inc. has a 1 year low of $311.58 and a 1 year high of $474.91.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating the consensus estimate of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the previous year, the company posted $4.81 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. BMO Capital Markets restated an “outperform” rating and set a $405.00 price target on shares of Adobe in a research report on Wednesday, October 29th. Wolfe Research dropped their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a research note on Thursday. Oppenheimer lowered their price target on Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 price objective on shares of Adobe in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Adobe has a consensus rating of “Hold” and an average target price of $413.19.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by insiders.

Adobe 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.