Big Money Sentiment Indicator of Pandora Media Inc (NYSE:P) Increases in Q1 2018 to 1.5

June 29, 2018 - By Georgina Andrews

Pandora Media, Inc. (NYSE:P) Corporate Logo

Positions for Pandora Media Inc (NYSE:P)

“Big money sentiment for Pandora Media Inc (NYSE:P) in 2018 Q1 increased to 1.5, revealed SEC filings. That’s up 0.46, from 2017Q4’s 1.04. 111 funds started new and increased stock positions, while 74 reduced and sold their stakes in Pandora Media Inc so the sentiment increased. Funds own 239.08 million shares, up from 233.88 million shares in 2017Q4. Funds holding Pandora Media Inc in top 10 changed to 3 from 4 for a decrease of 1. 35 Investors Sold All; 39 Reduced Holdings; 71 increased holdings while 40 funds bought holdings.

Significant Pandora Media Inc Shareholders

Sls Management Llc owns 672,674 shares in Pandora Media Inc as of 2018 Q1. Pandora Media Inc’s shareholder Crosslink Capital Inc owns 5.64 million shares as of 2018 Q1. Further, Kopernik Global Investors Llc reported 6.32 million shares in Pandora Media Inc equivalent to 4.95% of its long stock exposure. The Virginia-based fund Foxhaven Asset Management Lp have invested about 2.59% of the active investment manager’s stock portfolio in Pandora Media Inc. The New York-based fund Slate Path Capital Lp holds 7.32 million shares or 2.35% of their long stock exposure.

Pandora Media, Inc. provides Internet music platform services in North America.The firm is valued at $2.10 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.Currently it 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.

The stock decreased 1.13% or $0.09 during the last trading session, hitting $7.87.Currently Pandora Media, Inc. is downtrending after 23.47% change in last June 29, 2017. P has also 1.61M shares volume. The stock underperformed the S&P500 by 36.04%.

Granahan Invest Mngmt Ma has invested 0.06% of its capital in Pandora Media, Inc. (NYSE:P). The Minnesota-based Us Bancorp De has invested 0% in Pandora Media, Inc. (NYSE:P). 7,943 were reported by Glenmede Trust Co Na. Oppenheimer Asset Mngmt stated it has 0.01% of its capital in Pandora Media, Inc. (NYSE:P). Moreover, Raymond James Services Advisors has 0% invested in Pandora Media, Inc. (NYSE:P). Shikiar Asset Management Incorporated owns 18,500 shs or 0.04% of their US capital. Fortaleza Asset accumulated 41,835 shs. Zacks Investment Mgmt invested in 647,614 shs. Pub Sector Pension Invest Board holds 0.05% or 1.50 million shs in its capital. Ci Invests Incorporated holds 287,958 shs or 0.02% of its capital. Service Automobile Association stated it has 194,883 shs or 0% of all its holdings. Two Sigma Securities Limited Com owns 109,346 shs for 0% of their capital. Bnp Paribas Arbitrage Sa invested in 53,815 shs. Vanguard Grp Inc Inc accumulated 19.76M shs. Ariel Investments Lc owns 992,617 shs for 0.06% of their capital.

Pandora Media, Inc. registered $1.09 million net activity with 0 buys and 12 sales since February 16, 2018. 43,411 shs were sold by Robinson Kristen, worth $322,770. The insider Phillips Christopher W sold $68,794. On Friday, February 16 GERBITZ DAVID sold $51,335 worth of Pandora Media, Inc. (NYSE:P). 12,699 shs were sold by Trimble John, worth $64,322. Walker Karen Sammis had sold 11,663 shs worth $86,271 on Wednesday, May 16.

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

A total of 14 analysts rate Pandora Media (NYSE:P) as follows: 5 “Buy”, 8 “Hold” and 1 “Sell”. Тherefore 36% are bullish. (NYSE:P) has 17 ratings reports on 29 Jun 2018 according to StockzIntelligence. On Friday, May 4 Credit Suisse maintained the shares of P in report with “Neutral” rating. On Friday, May 4 the stock of Pandora Media, Inc. (NYSE:P) has “Buy” rating given by SunTrust. On Thursday, February 22 Susquehanna maintained Pandora Media, Inc. (NYSE:P) rating. Susquehanna has “Hold” rating and $5.0 target. On Wednesday, April 11 JP Morgan maintained Pandora Media, Inc. (NYSE:P) rating. JP Morgan has “Neutral” rating and $7 target. On Thursday, February 22 the firm has “Underperform” rating by Bank of America given. On Thursday, April 5 the firm has “Buy” rating by Canaccord Genuity given. On Thursday, February 22 Stifel Nicolaus maintained Pandora Media, Inc. (NYSE:P) rating. Stifel Nicolaus has “Hold” rating and $7.0 target. On Thursday, February 22 Credit Suisse maintained Pandora Media, Inc. (NYSE:P) with “Neutral” rating. The company rating was upgraded by FBR Capital on Friday, May 4. The stock rating was downgraded by Morgan Stanley to “Equal-Weight” on Monday, January 8.

More recent Pandora Media, Inc. (NYSE:P) news were brought out by Seekingalpha.com, Nasdaq.com and Seekingalpha.com. The first one has “Pandora looks to partnerships and programmatic ads” as a title and was brought out on June 22, 2018. The next is “Multiple Deals Make Pandora Stock a Solid Buy over the Next Year” on June 27, 2018. And last was brought out on June 14, 2018, called “Snap, Pandora launch Snap Kit to aid sharing”.

Pandora Media, Inc. (NYSE:P) Institutional Investors Chart

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