Bbr Partners adds Pandora Media Inc (P) to its portfolio

Pandora Media Inc (P) : Bbr Partners added new position in Pandora Media Inc during the most recent quarter end. The investment management firm now holds 895,519 shares of Pandora Media Inc which is valued at $9 Million , the company said in a statement filed on May 12, 2016 with the SEC.Pandora Media Inc makes up approximately 1.55% of Bbr Partners’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in P by selling 2,254 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 637,675 shares of P which is valued at $6.2 Million. Numeric Investors sold out all of its stake in P during the most recent quarter. The investment firm sold 16,400 shares of P which is valued $158,588.Ifp Advisors Inc boosted its stake in P in the latest quarter, The investment management firm added 1,003 additional shares and now holds a total of 1,630 shares of Pandora Media Inc which is valued at $15,762. Lockheed Martin Investment Management Co added P to its portfolio by purchasing 196,000 company shares during the most recent quarter which is valued at $1.9 Million. Pandora Media Inc makes up approx 0.19% of Lockheed Martin Investment Management Co’s portfolio.

Pandora Media Inc opened for trading at $10.57 and hit $10.82 on the upside on Friday, eventually ending the session at $10.77, with a gain of 1.99% or 0.21 points. The heightened volatility saw the trading volume jump to 52,87,062 shares. Company has a market cap of $2,464 M.

On the company’s financial health, Pandora Media Inc reported $-0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.30. The company had revenue of $297.31 million for the quarter, compared to analysts expectations of $285.23 million. The company’s revenue was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

Many Wall Street Analysts have commented on Pandora Media Inc. Pandora Media Inc was Downgraded by Raymond James to ” Mkt Perform” on Apr 19, 2016. Citigroup Initiated Pandora Media Inc on Apr 12, 2016 to “Buy”, Price Target of the shares are set at $16.Mizuho Initiated Pandora Media Inc on Mar 30, 2016 to “Neutral”, Price Target of the shares are set at $10.

Pandora Media Inc. is a United States-based provider of Internet radio in the United States. The Company offers a personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones tablets computers and car audio systems as well as a range of other Internet-connected devices. It allows local and national advertisers to deliver targeted messages to its listeners using a combination of audio display and video advertisements. Its free service is advertising-based and allows listeners access to its music and comedy catalogs and personalized playlist generating system for free across all of its delivery platforms. Pandora One is a paid subscription service without any advertising. Pandora One also offers listeners daily skips audio on supported devices and timeout-free listening. The Company’s technologies include Music Genome Project and Comedy Genome Project.

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