Ingalls & Snyder LLC grew its position in Pandora Media Inc (NYSE:P) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,222 shares of the Internet radio service’s stock after buying an additional 3,430 shares during the quarter. Ingalls & Snyder LLC’s holdings in Pandora Media were worth $342,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in P. Strs Ohio lifted its position in shares of Pandora Media by 271.9% in the fourth quarter. Strs Ohio now owns 11,900 shares of the Internet radio service’s stock worth $96,000 after purchasing an additional 8,700 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Pandora Media by 20.0% in the third quarter. Brighton Jones LLC now owns 56,105 shares of the Internet radio service’s stock worth $534,000 after purchasing an additional 9,365 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Pandora Media by 10.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 98,400 shares of the Internet radio service’s stock worth $936,000 after purchasing an additional 9,441 shares in the last quarter. Teton Advisors Inc. lifted its position in shares of Pandora Media by 5.3% in the third quarter. Teton Advisors Inc. now owns 194,839 shares of the Internet radio service’s stock worth $1,853,000 after purchasing an additional 9,800 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in Pandora Media by 14.2% during the second quarter. Voya Investment Management LLC now owns 99,925 shares of the Internet radio service’s stock valued at $787,000 after acquiring an additional 12,463 shares in the last quarter. Institutional investors own 97.57% of the company’s stock.
Shares of Pandora Media stock opened at $8.38 on Monday. Pandora Media Inc has a 12-month low of $4.17 and a 12-month high of $10.07. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 4.85. The company has a market cap of $2.27 billion, a PE ratio of -6.76 and a beta of 0.04.
In other Pandora Media news, insider Christopher W. Phillips sold 12,120 shares of the business’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $8.90, for a total value of $107,868.00. Following the transaction, the insider now owns 688,887 shares of the company’s stock, valued at $6,131,094.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider S Aimee Lapic sold 9,312 shares of the business’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $9.01, for a total value of $83,901.12. Following the completion of the transaction, the insider now directly owns 392,876 shares in the company, valued at approximately $3,539,812.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 215,023 shares of company stock worth $1,910,856. 0.43% of the stock is currently owned by insiders.
Several equities analysts recently weighed in on P shares. Zacks Investment Research raised shares of Pandora Media from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Tuesday, October 16th. Canaccord Genuity lowered shares of Pandora Media from a “buy” rating to a “hold” rating and dropped their price target for the company from $11.00 to $9.00 in a research report on Tuesday, November 6th. Finally, Goldman Sachs Group lowered shares of Pandora Media from a “buy” rating to a “neutral” rating and dropped their price target for the company 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 given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus 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 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.
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