Profund Advisors LLC grew its holdings in shares of Pandora Media, Inc. (NYSE:P) by 56.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,108 shares of the Internet radio service’s stock after buying an additional 55,907 shares during the quarter. Profund Advisors LLC owned 0.06% of Pandora Media worth $1,384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of P. Vanguard Group Inc. lifted its position in shares of Pandora Media by 4.2% during the first quarter. Vanguard Group Inc. now owns 17,229,855 shares of the Internet radio service’s stock valued at $203,485,000 after purchasing an additional 695,819 shares in the last quarter. Waddell & Reed Financial Inc. lifted its position in shares of Pandora Media by 9.1% during the first quarter. Waddell & Reed Financial Inc. now owns 13,919,032 shares of the Internet radio service’s stock valued at $164,384,000 after purchasing an additional 1,156,593 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Pandora Media by 51.9% during the second quarter. First Trust Advisors LP now owns 7,183,485 shares of the Internet radio service’s stock valued at $64,077,000 after purchasing an additional 2,454,296 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Pandora Media by 44.0% during the first quarter. Alliancebernstein L.P. now owns 5,660,574 shares of the Internet radio service’s stock valued at $66,851,000 after purchasing an additional 1,729,354 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of Pandora Media by 15.3% during the first quarter. Macquarie Group Ltd. now owns 3,947,837 shares of the Internet radio service’s stock valued at $46,624,000 after purchasing an additional 523,131 shares in the last quarter.

In other Pandora Media news, CRO John Trimble sold 10,547 shares of Pandora Media stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $8.42, for a total transaction of $88,805.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Gerbitz sold 9,959 shares of Pandora Media stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total transaction of $83,854.78. Following the transaction, the executive vice president now directly owns 355,607 shares of the company’s stock, valued at $2,994,210.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,366 shares of company stock valued at $564,822. 2.59% of the stock is currently owned by insiders.

Shares of Pandora Media, Inc. (NYSE P) opened at 8.32 on Wednesday. The stock has a 50 day moving average of $8.33 and a 200-day moving average of $9.55. The company’s market capitalization is $2.02 billion. Pandora Media, Inc. has a one year low of $6.76 and a one year high of $14.94.

Pandora Media (NYSE:P) last posted its earnings results on Monday, July 31st. The Internet radio service reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.08. Pandora Media had a negative net margin of 39.90% and a negative return on equity of 58.81%. The firm had revenue of $376.83 million during the quarter, compared to analyst estimates of $367.51 million. During the same period last year, the firm posted ($0.12) earnings per share. Pandora Media’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts expect that Pandora Media, Inc. will post ($0.51) earnings per share for the current year.

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A number of research firms recently weighed in on P. Dougherty & Co reissued a “neutral” rating on shares of Pandora Media in a research report on Monday, June 12th. Bank of America Corporation reissued a “buy” rating and set a $12.00 price target on shares of Pandora Media in a research report on Tuesday, June 13th. Wedbush lowered shares of Pandora Media from a “neutral” rating to a “market perform” rating and set a $15.00 price target on the stock. in a research report on Monday, June 12th. Canaccord Genuity dropped their price target on shares of Pandora Media from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, June 12th. Finally, MKM Partners reissued a “neutral” rating and set a $10.00 price target on shares of Pandora Media in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.07.

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.

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

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