Pandora Media Inc (P) Shares Bought by SG Americas Securities LLC

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SG Americas Securities LLC raised its holdings in Pandora Media Inc (NYSE:P) by 13.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 317,930 shares of the Internet radio service’s stock after acquiring an additional 37,820 shares during the quarter. SG Americas Securities LLC owned approximately 0.12% of Pandora Media worth $2,572,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in P. Massey Quick Simon & CO. LLC grew its position in Pandora Media by 41.0% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 10,528 shares of the Internet radio service’s stock valued at $85,000 after acquiring an additional 3,061 shares during the last quarter. Strs Ohio grew its position in Pandora Media by 271.9% in the 4th quarter. Strs Ohio now owns 11,900 shares of the Internet radio service’s stock valued at $96,000 after acquiring an additional 8,700 shares during the last quarter. Exane Derivatives bought a new position in Pandora Media in the 3rd quarter valued at $124,000. Harvest Management LLC bought a new position in Pandora Media in the 3rd quarter valued at $143,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Pandora Media by 14.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,750 shares of the Internet radio service’s stock worth $144,000 after buying an additional 2,303 shares in the last quarter. 97.57% of the stock is currently owned by institutional investors.

Shares of NYSE P opened at $8.38 on Friday. The company has a debt-to-equity ratio of 4.85, a current ratio of 2.51 and a quick ratio of 2.51. The firm has a market cap of $2.27 billion, a P/E ratio of -6.76 and a beta of 0.04. Pandora Media Inc has a 1-year low of $4.17 and a 1-year high of $10.07.

In other Pandora Media news, CAO Karen Sammis Walker sold 3,026 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $8.90, for a total value of $26,931.40. Following the completion of the sale, the chief accounting officer now directly owns 143,580 shares in the company, valued at $1,277,862. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider S Aimee Lapic sold 96,814 shares of the stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $8.86, for a total value of $857,772.04. Following the completion of the sale, the insider now owns 436,335 shares of the company’s stock, valued at $3,865,928.10. The disclosure for this sale can be found here. Insiders have sold a total of 215,023 shares of company stock valued at $1,910,856 over the last 90 days. 0.43% of the stock is currently owned by company insiders.

P has been the topic of a number of recent research reports. Zacks Investment Research raised Pandora Media from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Wednesday, January 16th. Canaccord Genuity downgraded Pandora Media from a “buy” rating to a “hold” rating and dropped their price target for the stock from $11.00 to $9.00 in a research report on Tuesday, November 6th. Finally, Goldman Sachs Group downgraded Pandora Media from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $12.00 to $10.00 in a research report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Pandora Media currently has an average rating of “Hold” and an average price target of $8.30.

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Pandora Media Profile

Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides Pandora—Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.

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

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