Stephens Inc. AR Has $1,774,000 Stake in Pandora Media, Inc. (P)

Stephens Inc. AR held its position in shares of Pandora Media, Inc. (NYSE:P) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,248 shares of the Internet radio service’s stock at the end of the first quarter. Stephens Inc. AR owned 0.06% of Pandora Media worth $1,774,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in P. Alliancebernstein L.P. raised its stake in Pandora Media by 44.0% in the first quarter. Alliancebernstein L.P. now owns 5,660,574 shares of the Internet radio service’s stock worth $66,851,000 after buying an additional 1,729,354 shares during the period. First Trust Advisors LP increased its position in shares of Pandora Media by 10.1% in the first quarter. First Trust Advisors LP now owns 4,729,189 shares of the Internet radio service’s stock worth $55,852,000 after buying an additional 435,756 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Pandora Media by 6.5% in the first quarter. William Blair Investment Management LLC now owns 3,799,795 shares of the Internet radio service’s stock worth $44,876,000 after buying an additional 232,301 shares in the last quarter. State Street Corp increased its position in Pandora Media by 0.9% in the fourth quarter. State Street Corp now owns 2,839,097 shares of the Internet radio service’s stock worth $37,022,000 after buying an additional 24,152 shares during the period. Finally, Omega Advisors Inc. purchased a new position in Pandora Media during the third quarter worth $39,019,000.

Institutional Ownership by Quarter for Pandora Media (NYSE:P)

Shares of Pandora Media, Inc. (NYSE P) traded down 3.42% during midday trading on Friday, hitting $7.05. 7,035,413 shares of the stock were exchanged. The firm’s 50-day moving average is $9.39 and its 200-day moving average is $11.66. The stock’s market cap is $1.69 billion. Pandora Media, Inc. has a 12 month low of $7.04 and a 12 month high of $14.98. Pandora Media also was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 1,330 put options on the stock. This is an increase of approximately 101% compared to the typical volume of 662 put options.

Pandora Media (NYSE:P) last issued its earnings results on Monday, May 8th. The Internet radio service reported ($0.37) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.50) by $0.13. Pandora Media had a negative net margin of 25.66% and a negative return on equity of 45.15%. The firm had revenue of $316 million during the quarter, compared to analysts’ expectations of $318.15 million. During the same quarter last year, the company posted ($0.20) earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts predict that Pandora Media, Inc. will post ($0.51) earnings per share for the current year.

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P has been the topic of a number of research reports. BMO Capital Markets upped their price target on Pandora Media to $13.00 in a research note on Tuesday, February 21st. Aegis reissued a “buy” rating on shares of Pandora Media in a report on Wednesday, March 15th. Zacks Investment Research raised Pandora Media from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, February 17th. Vetr raised Pandora Media from a “hold” rating to a “buy” rating and set a $14.48 target price for the company in a report on Tuesday, February 21st. Finally, Canaccord Genuity reissued a “buy” rating and set a $18.00 price objective on shares of Pandora Media in a report on Thursday, March 30th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Pandora Media has a consensus rating of “Hold” and a consensus target price of $13.53.

In other news, EVP David Gerbitz sold 8,103 shares of Pandora Media stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $9.38, for a total value of $76,006.14. Following the sale, the executive vice president now owns 255,943 shares in the company, valued at $2,400,745.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher Douglas Martin sold 3,000 shares of Pandora Media stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $9.18, for a total transaction of $27,540.00. Following the completion of the sale, the insider now owns 257,921 shares in the company, valued at approximately $2,367,714.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,642 shares of company stock valued at $446,234. 6.64% of the stock is currently owned by corporate insiders.

Pandora Media Company 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.

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