Pandora Media Inc (P) : Ws Management Lllp scooped up 7,940,000 additional shares in Pandora Media Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 8,040,000 shares of Pandora Media Inc which is valued at $106,128,000.Pandora Media Inc makes up approximately 4.46% of Ws Management Lllp’s portfolio.
Other Hedge Funds, Including , Ubs Oconnor reduced its stake in P by selling 577,393 shares or 63.51% in the most recent quarter. The Hedge Fund company now holds 331,757 shares of P which is valued at $4,379,192. Pandora Media Inc makes up approx 0.13% of Ubs Oconnor’s portfolio.State Of Wisconsin Investment Board reduced its stake in P by selling 3,500 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 143,430 shares of P which is valued at $1,893,276. Pandora Media Inc makes up approx 0.01% of State Of Wisconsin Investment Board’s portfolio.Fmr reduced its stake in P by selling 467,000 shares or 28.36% in the most recent quarter. The Hedge Fund company now holds 1,179,894 shares of P which is valued at $15,574,601.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in P in the latest quarter, The investment management firm added 2,724 additional shares and now holds a total of 7,198 shares of Pandora Media Inc which is valued at $98,541.
Pandora Media Inc opened for trading at $14.15 and hit $14.51 on the upside on Monday, eventually ending the session at $14.44, with a gain of 2.27% or 0.32 points. The heightened volatility saw the trading volume jump to 53,25,571 shares. Company has a market cap of $3,336 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. Company shares were Reiterated by MKM Partners on Aug 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 13 from a previous price target of $11.50 .Pandora Media Inc was Downgraded by Pacific Crest to ” Underweight” on Jul 22, 2016. Pandora Media Inc was Upgraded by Piper Jaffray to ” Overweight” on Jul 13, 2016.
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.