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.
TRADEMARK VIOLATION NOTICE: “Pandora Media Inc (P) Shares Bought by SG Americas Securities LLC” was reported by Fairfield Current and is the sole property of of Fairfield Current. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.fairfieldcurrent.com/news/2019/02/10/pandora-media-inc-p-shares-bought-by-sg-americas-securities-llc.html.
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 PandoraAd-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.
Want to see what other hedge funds are holding P? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pandora Media Inc (NYSE:P).
Receive News & Ratings for Pandora Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pandora Media and related companies with MarketBeat.com's FREE daily email newsletter.