In this paper, we classify umbilic-free hypersurfaces of the unit sphere that have constant para-Blaschke eigenvalues and possess parallel Möbius form. To achieve the classification, we first of all show that, under the condition of having constant para-Blaschke eigenvalues, an umbilic-free hypersurface of the unit sphere is of parallel Möbius form if and only if its Möbius form vanishes identically.