Paramount Global (NASDAQ:PARA) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its holdings in Paramount Global (NASDAQ:PARA) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 97,801 shares of the company’s stock after selling 3,015 shares during the period. D.A. Davidson & CO.’s holdings in Paramount Global were worth $1,023,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP increased its holdings in shares of Paramount Global by 140.1% during the fourth quarter. Allworth Financial LP now owns 2,391 shares of the company’s stock valued at $25,000 after purchasing an additional 1,395 shares during the period. Blue Trust Inc. increased its stake in Paramount Global by 162.8% during the 3rd quarter. Blue Trust Inc. now owns 2,539 shares of the company’s stock valued at $26,000 after buying an additional 1,573 shares during the period. Huntington National Bank raised its position in shares of Paramount Global by 129.0% during the 3rd quarter. Huntington National Bank now owns 2,771 shares of the company’s stock worth $29,000 after buying an additional 1,561 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of Paramount Global in the 3rd quarter worth approximately $47,000. Finally, FNY Investment Advisers LLC lifted its stake in shares of Paramount Global by 102.4% in the 4th quarter. FNY Investment Advisers LLC now owns 7,224 shares of the company’s stock worth $75,000 after acquiring an additional 3,654 shares during the period. Institutional investors own 73.00% of the company’s stock.

Paramount Global Stock Up 0.2 %

PARA stock opened at $11.49 on Monday. The company has a 50 day moving average of $10.75 and a two-hundred day moving average of $10.71. The company has a market cap of $7.66 billion, a price-to-earnings ratio of -1.40, a PEG ratio of 1.68 and a beta of 1.69. Paramount Global has a 12-month low of $9.54 and a 12-month high of $14.54. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PARA shares. Morgan Stanley increased their price target on Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paramount Global in a research note on Monday, November 11th. Macquarie reiterated an “underperform” rating and issued a $10.00 price target on shares of Paramount Global in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of Paramount Global from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.58.

Paramount Global Company Profile

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.