Dissecting Adobe Inc. (NASDAQ: ADBE) top performing stock: Get the Stats

Adobe Inc. (NASDAQ: ADBE) is -2.96% lower on its value in year-to-date trading and has touched a low of $255.13 and a high of $536.88 in the current 52-week trading range. The ADBE stock was last observed hovering at around $500.12 in the last trading session, with the day’s loss setting it -14.78% off its average median price target of $571.00 for the next 12 months. It is also 19.78% off the consensus price target high of $605.00 offered by 25 analysts, but current levels are -7.85% lower than the price target low of $450.00 for the same period.

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Currently trading at $485.34, the stock is -1.45% and 1.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.61 million and changing -2.96% at the moment leaves the stock 11.80% off its SMA200. ADBE registered 46.27% gain for a year compared to 6-month gain of 7.24%. The firm has a 50-day simple moving average (SMA 50) of $483.64 and a 200-day simple moving average (SMA200) of $471.34.

The stock witnessed a 0.85% loss in the last 1 month and extending the period to 3 months gives it a 1.33%, and is -2.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.18% over the week and 2.17% over the month.

Adobe Inc. (ADBE) has around 22634 employees, a market worth around $231.58B and $12.87B in sales. Current P/E ratio is 44.76 and Fwd P/E is 36.68. Profit margin for the company is 28.80%. Distance from 52-week low is 90.23% and -9.60% from its 52-week high. The company has generated returns on investments over the last 12 months (20.60%).

Adobe Inc. (ADBE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Adobe Inc. (ADBE) is a “Overweight”. 25 analysts offering their recommendations for the stock have an average rating of 1.80, where 7 rate it as a Hold and 2 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Adobe Inc. is expected to release its quarterly report on 03/23/2021 and quarterly earnings per share for the current quarter are estimated at $2.78 with sales reaching $3.76B over the same period.The EPS is expected to grow by 7.80% this year, but quarterly earnings will post 18.10% year-over-year. Quarterly sales are estimated to grow 21.60% in year-over-year returns.

Adobe Inc. (ADBE) Top Institutional Holders

2,767 institutions hold shares in Adobe Inc. (ADBE), with 1.49M shares held by insiders accounting for 0.31% while institutional investors hold 86.37% of the company’s shares. The shares outstanding are 480.00M, and float is at 477.60M with Short Float at 1.03%. Institutions hold 86.10% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 38.85 million shares valued at $19.05 billion. The investor’s holdings represent 8.10% of the ADBE Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 37.01 million shares valued at $18.15 billion to account for 7.72% of the shares outstanding. The other top investors are FMR, LLC which holds 30.27 million shares representing 6.31% and valued at over $14.85 billion, while State Street Corporation holds 4.12% of the shares totaling 19.78 million with a market value of $9.7 billion.

Adobe Inc. (ADBE) Insider Activity

The most recent transaction is an insider sale by Belsky Scott, the company’s EVP, CPO, Creative Cloud. SEC filings show that Belsky Scott sold 600 shares of the company’s common stock on Dec 15 at a price of $489.38 per share for a total of $0.29 million. Following the sale, the insider now owns 16067.0 shares.

Adobe Inc. disclosed in a document filed with the SEC on Dec 14 that Rao Dana (EVP, Gen. Counsel & Secretary) sold a total of 1,931 shares of the company’s common stock. The trade occurred on Dec 14 and was made at $487.49 per share for $0.94 million. Following the transaction, the insider now directly holds 18732.0 shares of the ADBE stock.

Still, SEC filings show that on Dec 14, Garfield Mark S. (VP, CAO & Corp. Controller) disposed off 948 shares at an average price of $475.61 for $0.45 million. The insider now directly holds 178 shares of Adobe Inc. (ADBE).

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Adobe Inc. (ADBE): Who are the competitors?

The company’s main competitors (and peers) include salesforce.com inc. (CRM) that is trading 32.58% up over the past 12 months. Nuance Communications Inc. (NUAN) is 142.37% up on the 1-year trading charts. Short interest in the company’s stock has risen 1.22% from the last report on Nov 12, 2020 to stand at a total of 4.85 million short shares sold with a short interest ratio of 1.79.

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