David Goel And Paul Ferri’s Matrix Capital Management Company Acquired Stake in Pandora Media, Inc

February 15, 2018 - By Ivan Hodges

 David Goel And Paul Ferri's Matrix Capital Management Company Acquired Stake in Pandora Media, Inc

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.40, from 1.32 in 2017Q2. It fall, as 47 investors sold Pandora Media, Inc. shares while 59 reduced holdings. 40 funds opened positions while 58 raised stakes. 282.75 million shares or 0.59% less from 284.42 million shares in 2017Q2 were reported.

Ariel Investments Ltd Llc has 995,427 shares. Tower Research Cap Limited Liability Company (Trc) has 0.01% invested in Pandora Media, Inc. (NYSE:P) for 14,809 shares. Deutsche Fincl Bank Ag reported 2.29M shares. Concourse Mngmt Ltd Limited Liability Company reported 95,378 shares. Teacher Retirement System Of Texas has 19,912 shares for 0% of their portfolio. Bessemer reported 11,118 shares. First Foundation holds 53,400 shares or 0.02% of its portfolio. 72,279 are held by Cambridge Research Advsrs. Grp One Trading L P owns 110,311 shares. Eminence Lp holds 9.90M shares or 1.23% of its portfolio. Barclays Public Limited Co holds 321,604 shares. 241,403 are held by Rhumbline Advisers. State Board Of Administration Of Florida Retirement has invested 0.01% in Pandora Media, Inc. (NYSE:P). Sls Mngmt Ltd Company owns 1.52 million shares. Allen Ltd Liability Co holds 0.01% or 36,961 shares.

Since August 16, 2017, it had 0 insider purchases, and 1 insider sale for $250,075 activity. Phillips Christopher W sold $86,935 worth of stock. The insider GERBITZ DAVID sold $83,878. The insider Trimble John sold $88,830. BENE STEPHEN G sold $55,065 worth of stock or 6,538 shares.

The New David Goel And Paul Ferri’s Matrix Capital Management Company Holding in Pandora Media, Inc

Matrix Capital Management Company reported SC 13G/A form with the SEC for Pandora Media, Inc. Access it here: 000090266418001154. As reported by David Goel And Paul Ferri’s Matrix Capital Management Company, the filler owns 0.77% or 1,924,000 shares of the Information Technology–company.

Pandora Media, Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows David Goel And Paul Ferri’s Matrix Capital Management Company’s positive view for Pandora Media, Inc.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of David Goel And Paul Ferri’s Matrix Capital Management Company’s portfolio is in the sector.

Pandora Media, Inc Institutional Sentiment

Filings show 225 investors own Pandora Media, Inc. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 20880944. 184965342 were owned by these investors. 47 funds opened new Pandora Media, Inc stakes, 84 increased positions. There were 38 that closed positions and 65 reduced them.

12 investors had the stock in their top 10. Some are: Crosslink Capital Inc, Sls Management Llc, Jericho Capital Asset Management L.P., Kopernik Global Investors Llc, Telemark Asset Management Llc, Slate Path Capital Lp..

Lmm Llc is an investor bullish on Pandora Media, Inc, owning 4678000 shares as of Q3 2015 for 3.75% of its portfolio. Hap Trading Llc owns 2308242 shares or 2.57% of its portfolio. NY Falcon Edge Capital Lp have 6.90% of its portfolio for 4670900 shares. Further, Granahan Investment Management Inc reported stake worth 1.73% of its portfolio. The CA Crosslink Capital Inc owns 6161296 shares. Pandora Media, Inc is 18.34% of its portfolio.

Business Profile

Pandora Media, Inc. (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements. Its segments include Pandora-Internet Radio Service and Ticketfly. As of December 31, 2016, it provided Pandora service through two models: advertising-supported service and subscription service-Pandora Plus. Pandora is integrated with connected devices, including automobiles, automotive aftermarket devices and consumer electronic devices. Its Ticketfly service is a cloud ticketing platform for live events. It operates ticketing service through its subsidiary, Ticketfly, a live events technology company that provides ticketing and marketing software and services for its clients, which are venues and event promoters, across North America.

SEC Form 13G.

The stock increased 6.33% or $0.31 during the last trading session, reaching $5.21. About 12.33 million shares traded or 36.14% up from the average. Pandora Media, Inc. (NYSE:P) has declined 12.50% since February 15, 2017 and is downtrending. It has underperformed by 29.20% the S&P500.

Pandora Media, Inc. provides Internet music platform services in North America. The company has market cap of $1.30 billion. The firm allows its listeners to create personalized stations to access music and comedy catalogs, as well as personalized playlist generating system; and offers Pandora Plus and Pandora Premium, a paid subscription service to listeners. It currently has negative earnings. Pandora Media, Inc. also sells audio, display, and video advertising to advertisers for delivery on computer, mobile, and other connected device platforms.

Pandora Media, Inc. (NYSE:P) Ratings Coverage

Among 38 analysts covering Pandora Media (NYSE:P), 11 have Buy rating, 2 Sell and 25 Hold. Therefore 29% are positive. Pandora Media has $30 highest and $5.5 lowest target. $13.01’s average target is 149.71% above currents $5.21 stock price. Pandora Media had 141 analyst reports since July 24, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Market Perform” rating in Tuesday, August 1 report. The firm earned “Neutral” rating on Friday, May 19 by Macquarie Research. Albert Fried upgraded the stock to “Overweight” rating in Thursday, December 17 report. FBR Capital maintained it with “Hold” rating and $8.0 target in Friday, November 3 report. The rating was maintained by Canaccord Genuity on Thursday, July 27 with “Buy”. The stock of Pandora Media, Inc. (NYSE:P) has “Buy” rating given on Tuesday, August 25 by M Partners. The firm earned “Buy” rating on Friday, October 23 by Stifel Nicolaus. The firm earned “Equal-Weight” rating on Tuesday, February 9 by Morgan Stanley. Canaccord Genuity maintained Pandora Media, Inc. (NYSE:P) rating on Monday, October 30. Canaccord Genuity has “Buy” rating and $14.0 target. Aegis Capital maintained the stock with “Buy” rating in Friday, January 13 report.

More recent Pandora Media, Inc. (NYSE:P) news were published by: Investorplace.com which released: “Pandora Media Inc Stock Could Get a Buyout Boost” on January 22, 2018. Also Marketwatch.com published the news titled: “Pandora hatches plan to save $45 million, expand in Atlanta” on January 31, 2018. Zacks.com‘s news article titled: “Options Traders Expect Huge Moves in Pandora Media (P) Stock February 05, 2018” with publication date: February 05, 2018 was also an interesting one.

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