Pandora Media, Inc Has Bullish Trade, Credit Suisse Ag Bought Stake!

February 15, 2018 - By Migdalia James

 Pandora Media, Inc Has Bullish Trade, Credit Suisse Ag Bought Stake!

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.40, from 1.32 in 2017Q2. It turned negative, 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.

375,149 were accumulated by Royal Commercial Bank Of Canada. Nomura Hldg Incorporated has 22,744 shares for 0% of their portfolio. Goldman Sachs Group holds 4.81 million shares. Utah Retirement, a Utah-based fund reported 41,286 shares. Moreover, Gilder Gagnon Howe And Ltd Liability has 0% invested in Pandora Media, Inc. (NYSE:P). J Goldman & Communication Limited Partnership stated it has 13,400 shares. Gamco Investors Inc Et Al invested 0.03% of its portfolio in Pandora Media, Inc. (NYSE:P). Perigon Wealth Management Limited has invested 0.11% in Pandora Media, Inc. (NYSE:P). Columbus Hill Capital Management L P has 0.6% invested in Pandora Media, Inc. (NYSE:P). Firsthand Cap has 200,000 shares for 1.37% of their portfolio. Wellington Mngmt Limited Liability Partnership accumulated 752,421 shares. Quinn Opportunity Prtnrs Lc owns 426,518 shares. Price Michael F holds 0.21% of its portfolio in Pandora Media, Inc. (NYSE:P) for 200,000 shares. Concourse Cap Mngmt Ltd Liability Com stated it has 0.36% of its portfolio in Pandora Media, Inc. (NYSE:P). Sei Com accumulated 0% or 73 shares.

Since August 16, 2017, it had 0 buys, and 1 sale for $250,075 activity. 6,538 shares were sold by BENE STEPHEN G, worth $55,065. $88,830 worth of Pandora Media, Inc. (NYSE:P) was sold by Trimble John. Phillips Christopher W also sold $86,935 worth of Pandora Media, Inc. (NYSE:P) shares. $54,981 worth of Pandora Media, Inc. (NYSE:P) shares were sold by Robinson Kristen.

The New Credit Suisse Ag Holding in Pandora Media, Inc

Credit Suisse Ag reported SC 13G/A form with the SEC for Pandora Media, Inc. Access it here: 000114036118008139. As reported by Credit Suisse Ag, the filler owns 4.75% or 11,810,914 shares of the Information Technology–company.

Pandora Media, Inc stake is new for [reportingPerson]. Date of activity: Calendar Year 2017. This shows Credit Suisse Ag’s positive view for Pandora Media, Inc. For a institutional investor managing $41.97 billion in assets and having 300+ experts this is interesting position.

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.

Credit Suisse Ag website.

The stock increased 4.08% or $0.2 during the last trading session, reaching $5.1. About 14.66 million shares traded or 61.88% 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 $1.27 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 155.10% above currents $5.1 stock price. Pandora Media had 141 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with “Buy” on Friday, February 12. The company was upgraded on Wednesday, July 13 by Piper Jaffray. The stock of Pandora Media, Inc. (NYSE:P) has “Hold” rating given on Friday, November 3 by FBR Capital. Macquarie Research maintained Pandora Media, Inc. (NYSE:P) rating on Monday, June 5. Macquarie Research has “Hold” rating and $1100 target. The stock has “Buy” rating by B. Riley & Co on Monday, May 23. JMP Securities maintained the shares of P in report on Thursday, May 11 with “Market Perform” rating. The rating was maintained by BMO Capital Markets with “Hold” on Monday, October 16. The stock of Pandora Media, Inc. (NYSE:P) has “Outperform” rating given on Friday, February 12 by Wedbush. The rating was upgraded by FBR Capital on Friday, February 12 to “Outperform”. The company was maintained on Friday, November 3 by Piper Jaffray.

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 Zacks.com published the news titled: “Options Traders Expect Huge Moves in Pandora Media (P) Stock February 05, 2018” on February 05, 2018. Marketwatch.com‘s news article titled: “Pandora hatches plan to save $45 million, expand in Atlanta” with publication date: January 31, 2018 was also an interesting one.

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