Oppenheimer & Co. Inc. Sells 33,044 Shares of Paramount Global (NASDAQ:PARA)

Oppenheimer & Co. Inc. lessened its stake in shares of Paramount Global (NASDAQ:PARAFree Report) by 25.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 97,184 shares of the company’s stock after selling 33,044 shares during the period. Oppenheimer & Co. Inc.’s holdings in Paramount Global were worth $1,254,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Captrust Financial Advisors bought a new position in shares of Paramount Global in the second quarter worth about $767,000. Marshall Wace LLP bought a new position in shares of Paramount Global in the third quarter worth about $3,099,000. Two Sigma Investments LP bought a new position in shares of Paramount Global in the third quarter worth about $4,764,000. Thrivent Financial for Lutherans bought a new position in shares of Paramount Global in the third quarter worth about $2,288,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Paramount Global in the third quarter worth about $5,682,000. Institutional investors own 72.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Loop Capital lowered Paramount Global from a “hold” rating to a “sell” rating and set a $12.00 price objective for the company. in a research note on Friday, December 8th. Wells Fargo & Company raised Paramount Global from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $15.00 to $18.00 in a research note on Wednesday, December 20th. Redburn Atlantic lowered Paramount Global from a “neutral” rating to a “sell” rating and dropped their price target for the company from $17.00 to $11.00 in a research note on Thursday, January 11th. Morgan Stanley dropped their price target on Paramount Global from $15.00 to $9.00 and set an “underweight” rating for the company in a research note on Wednesday, November 1st. Finally, TheStreet lowered Paramount Global from a “c-” rating to a “d+” rating in a research note on Friday, October 27th. Eleven research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.40.

View Our Latest Research Report on PARA

Paramount Global Price Performance

Shares of NASDAQ PARA opened at $13.99 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.09 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average price is $14.62 and its 200-day moving average price is $13.87. Paramount Global has a fifty-two week low of $10.51 and a fifty-two week high of $24.66.

Paramount Global Company Profile

(Free Report)

Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. Its TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Paramount Media Networks, Nickelodeon, BET Media Group, and CBS Sports.

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Institutional Ownership by Quarter for Paramount Global (NASDAQ:PARA)

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