Warren Buffett’s Stock Portfolio and 5 Newest Investments in 2022

4. Paramount Global (NASDAQ:PARA)

Number of Hedge Fund Holders: 40

Berkshire Hathaway’s Stake Value: $1,736,763,000

Paramount Global (NASDAQ:PARA) is a New York-based media and entertainment company that operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. In Q3 2022, Warren Buffett strengthened his hold on Paramount Global (NASDAQ:PARA) by 17%. The billionaire owned 91.2 million shares of the company worth $1.7 billion, representing 0.58% of the total 13F securities. 

On November 4, Deutsche Bank analyst Bryan Kraft maintained a Buy recommendation on Paramount Global (NASDAQ:PARA) but lowered the firm’s price target on the shares to $28 from $32. The soft advertising market and currency tampered with the company’s outlook, the analyst told investors in a research note.

According to Insider Monkey’s data, 40 hedge funds were long Paramount Global (NASDAQ:PARA) at the end of Q3 2022, compared to 42 funds in the prior quarter. John W. Rogers’ Ariel Investments held a prominent stake in the company, comprising 7.14 million shares worth $136 million.

Follow Paramount Global (NASDAQ:PARAA,PARA)