Sep 5, 2016

Tweet Welch Capital Partners LLC NY lowered its position in Pandora Media Inc. (NYSE:P) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 828,530 shares of the Internet radio service’s stock after selling 7,940 shares during the period. Pandora Media comprises about 3.7% of Welch Capital Partners LLC NY’s holdings, making the stock its 11th largest position. Welch Capital Partners LLC NY owned approximately 0.36% of Pandora Media worth $10,315,000 at the end of the most recent reporting period. A number of other institutional investors also recently added to or reduced their stakes in P. Public Employees Retirement Association of Colorado boosted its position in Pandora Media by 0.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 49,262 shares of the Internet radio service’s stock worth $613,000 after buying an additional 277 shares during the period. IBM Retirement Fund boosted its position in Pandora Media by 5.0% in the second quarter. IBM Retirement Fund now owns 22,227 shares of the Internet radio service’s stock worth $277,000 after buying an additional 1,062 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Pandora Media by 10.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,343 shares of the Internet radio service’s stock worth $191,000 after buying an additional 1,464 shares during the period. TIAA CREF Investment Management LLC boosted its position in Pandora Media by 0.3% in the first quarter. TIAA CREF Investment Management LLC now owns 639,383 shares of the Internet radio service’s stock worth $5,722,000 after buying an additional 1,708 shares during the period. Finally, Stephens Inc. AR boosted its position in Pandora Media by 0.9% in the second quarter. Stephens Inc. AR now owns 197,687 shares of the Internet radio service’s stock worth $2,461,000 after buying an additional 1,793 shares during the period. Shares of Pandora Media Inc. ( NYSE:P ) traded up 0.35% during midday trading on Monday, hitting $14.43. The stock had a trading volume of 2,486,881 shares. Pandora Media Inc. has a 12 month low of $7.10 and a 12 month high of $22.60. The stock’s market cap is $3.33 billion. The stock’s 50-day moving average is $13.41 and its 200-day moving average is $11.22. Pandora Media (NYSE:P) last released its quarterly earnings results on Thursday, July 21st. The Internet radio service reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. The firm had revenue of $343 million for the quarter, compared to the consensus estimate of $351.48 million. Equities analysts anticipate that Pandora Media Inc. will post ($0.39) EPS for the current year. A number of research firms have commented on P. Macquarie reaffirmed an “outperform” rating and set a $17.00 price objective (up from $16.00) on shares of Pandora Media in a research report on Monday, August 29th. MKM Partners boosted their target price on shares of Pandora Media from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, August 25th. Bank of America Corp. reissued a “neutral” rating and issued a $14.00 target price (up previously from $12.00) on shares of Pandora Media in a research report on Tuesday, August 23rd. FBR & Co reissued an “outperform” rating and issued a $16.00 target price on shares of Pandora Media in a research report on Tuesday, August 23rd. Finally, Vetr cut shares of Pandora Media from a “strong-buy” rating to a “buy” rating and set a $14.89 target price for the company. in a research report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-one have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $15.58. In other Pandora Media news, insider Christopher W. Phillips sold 12,274 shares of the business’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $12.15, for a total value of $149,129.10. Following the sale, the insider now directly owns 288,878 shares of the company’s stock, valued at $3,509,867.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, insider Christopher Douglas Martin sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $13.21, for a total value of $26,420.00. Following the completion of the sale, the insider now directly owns 342,896 shares in the company, valued at $4,529,656.16. The disclosure for this sale can be found here . 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. Receive News & Ratings for Pandora Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pandora Media Inc. and related companies with MarketBeat.com's FREE daily email newsletter . Comment on this Post