Pandora Media, Inc. (P) Shares Bought by Global X MANAGEMENT CO LLC

Global X MANAGEMENT CO LLC raised its stake in shares of Pandora Media, Inc. (NYSE:P) by 15.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,369 shares of the Internet radio service’s stock after buying an additional 38,932 shares during the quarter. Global X MANAGEMENT CO LLC owned about 0.12% of Pandora Media worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss National Bank boosted its position in shares of Pandora Media by 2.5% during the 3rd quarter. Swiss National Bank now owns 401,900 shares of the Internet radio service’s stock valued at $3,095,000 after acquiring an additional 9,900 shares during the last quarter. Teton Advisors Inc. boosted its position in shares of Pandora Media by 200.7% during the 3rd quarter. Teton Advisors Inc. now owns 75,721 shares of the Internet radio service’s stock valued at $583,000 after acquiring an additional 50,540 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Pandora Media by 80.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 684,691 shares of the Internet radio service’s stock valued at $5,272,000 after acquiring an additional 305,500 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its position in shares of Pandora Media by 9.7% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 1,930,863 shares of the Internet radio service’s stock valued at $14,868,000 after acquiring an additional 170,728 shares during the last quarter. Finally, Bourgeon Capital Management LLC bought a new position in shares of Pandora Media during the 3rd quarter valued at approximately $115,000.

In other Pandora Media news, insider Christopher W. Phillips sold 10,322 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total value of $86,911.24. Following the sale, the insider now owns 423,872 shares of the company’s stock, valued at approximately $3,569,002.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Gerbitz sold 9,959 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $8.42, for a total value of $83,854.78. Following the completion of the sale, the executive vice president now directly owns 355,607 shares in the company, valued at approximately $2,994,210.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,366 shares of company stock worth $564,822. 2.59% of the stock is owned by corporate insiders.

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Pandora Media, Inc. (NYSE:P) opened at $4.67 on Tuesday. Pandora Media, Inc. has a 12 month low of $4.44 and a 12 month high of $14.10. The company has a debt-to-equity ratio of 1.58, a quick ratio of 4.18 and a current ratio of 4.18.

Pandora Media (NYSE:P) last announced its quarterly earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. Pandora Media had a negative return on equity of 74.78% and a negative net margin of 39.49%. The business had revenue of $378.60 million for the quarter, compared to analyst estimates of $380.54 million. During the same quarter in the prior year, the company posted ($0.07) EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. equities research analysts anticipate that Pandora Media, Inc. will post -1.09 EPS for the current year.

P has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating and issued a $12.00 price target on shares of Pandora Media in a research report on Wednesday, August 23rd. ValuEngine downgraded Pandora Media from a “sell” rating to a “strong sell” rating in a research report on Friday, September 22nd. Zacks Investment Research upgraded Pandora Media from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Citigroup Inc. reiterated a “buy” rating and set a $11.00 target price (down from $12.00) on shares of Pandora Media in a research report on Tuesday, August 1st. Finally, Canaccord Genuity reiterated a “buy” rating and set a $14.00 target price (down from $15.00) on shares of Pandora Media in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Pandora Media presently has a consensus rating of “Hold” and an average target price of $11.24.

Pandora Media Profile

Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

Institutional Ownership by Quarter for Pandora Media (NYSE:P)

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