D.A. Davidson & CO. Has $1.02 Million Holdings in Paramount Global (NASDAQ:PARA)

D.A. Davidson & CO. decreased its stake in Paramount Global (NASDAQ:PARA) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund 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 Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Carson Advisory Inc. lifted its position in shares of Paramount Global by 1.9% in the 3rd quarter. Carson Advisory Inc. now owns 54,364 shares of the company’s stock worth $577,000 after acquiring an additional 1,004 shares during the period. Allworth Financial LP raised its stake in shares of Paramount Global by 140.1% in 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 in the last quarter. PNC Financial Services Group Inc. lifted its position in Paramount Global by 1.6% in the third quarter. PNC Financial Services Group Inc. now owns 92,019 shares of the company’s stock worth $977,000 after purchasing an additional 1,481 shares during the period. Huntington National Bank boosted its stake in Paramount Global by 129.0% during the third 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. Finally, Blue Trust Inc. increased its holdings in Paramount Global by 162.8% in 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. Institutional investors own 73.00% of the company’s stock.

Paramount Global Price Performance

Shares of PARA stock opened at $11.49 on Monday. Paramount Global has a 52 week low of $9.54 and a 52 week high of $14.54. The stock has a market capitalization of $7.66 billion, a PE ratio of -1.40, a PEG ratio of 1.68 and a beta of 1.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. The stock’s fifty day moving average is $10.75 and its 200-day moving average is $10.71.

Analyst Ratings Changes

A number of research firms have recently commented on PARA. Morgan Stanley raised their price objective on shares of Paramount Global from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Tuesday, February 4th. StockNews.com upgraded shares of Paramount Global from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Needham & Company LLC reiterated a “hold” rating on shares of Paramount Global in a research note on Monday, November 11th. Finally, Macquarie restated an “underperform” rating and set a $10.00 target price on shares of Paramount Global in a research report on Monday, November 11th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.58.

Paramount Global 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.