Swiss National Bank Purchases 1,700 Shares of Privia Health Group, Inc. (NASDAQ:PRVA)

Swiss National Bank raised its holdings in shares of Privia Health Group, Inc. (NASDAQ:PRVA) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,100 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Swiss National Bank owned approximately 0.16% of Privia Health Group worth $3,677,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Park Avenue Securities LLC lifted its stake in shares of Privia Health Group by 3.8% during the 4th quarter. Park Avenue Securities LLC now owns 14,697 shares of the company’s stock valued at $287,000 after buying an additional 532 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Privia Health Group by 8.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,169 shares of the company’s stock worth $140,000 after acquiring an additional 533 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Privia Health Group by 53.8% in the fourth quarter. First Horizon Advisors Inc. now owns 1,807 shares of the company’s stock worth $35,000 after acquiring an additional 632 shares during the period. HighTower Advisors LLC grew its position in shares of Privia Health Group by 5.0% in the fourth quarter. HighTower Advisors LLC now owns 19,469 shares of the company’s stock valued at $381,000 after purchasing an additional 932 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Privia Health Group by 6.7% during the 4th quarter. US Bancorp DE now owns 18,058 shares of the company’s stock valued at $353,000 after purchasing an additional 1,134 shares during the period. Institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group upped their price target on Privia Health Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. increased their target price on shares of Privia Health Group from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Macquarie initiated coverage on shares of Privia Health Group in a research report on Monday, December 16th. They set an “outperform” rating and a $25.00 price target for the company. Stephens reaffirmed an “overweight” rating and issued a $26.00 price target on shares of Privia Health Group in a report on Thursday, January 2nd. Finally, Piper Sandler lifted their price objective on Privia Health Group from $25.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Privia Health Group has a consensus rating of “Buy” and an average target price of $26.67.

Privia Health Group Stock Performance

NASDAQ:PRVA opened at $22.75 on Wednesday. Privia Health Group, Inc. has a fifty-two week low of $15.92 and a fifty-two week high of $26.04. The firm has a market cap of $2.74 billion, a PE ratio of 227.52, a price-to-earnings-growth ratio of 3.47 and a beta of 0.85. The business has a 50 day moving average price of $23.75 and a 200-day moving average price of $21.11.

Privia Health Group Profile

Privia Health Group, Inc operates as a national physician-enablement company in the United States. The company collaborates with medical groups, health plans, and health systems to optimize physician practices, enhance patient experiences, and reward doctors for delivering care in-person and virtual settings.