UBS Asset Management Americas Inc. raised its holdings in shares of Pandora Media, Inc. (NYSE:P) by 27.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 198,757 shares of the Internet radio service’s stock after acquiring an additional 43,120 shares during the period. UBS Asset Management Americas Inc. owned about 0.08% of Pandora Media worth $1,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Public Employees Retirement Association of Colorado grew its position in Pandora Media by 0.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 49,301 shares of the Internet radio service’s stock valued at $440,000 after acquiring an additional 125 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Pandora Media by 1.0% during the first quarter. Asset Management One Co. Ltd. now owns 31,074 shares of the Internet radio service’s stock valued at $365,000 after acquiring an additional 316 shares during the last quarter. Teacher Retirement System of Texas grew its position in Pandora Media by 3.8% during the first quarter. Teacher Retirement System of Texas now owns 17,702 shares of the Internet radio service’s stock valued at $209,000 after acquiring an additional 640 shares during the last quarter. Utah Retirement Systems grew its position in Pandora Media by 3.0% during the second quarter. Utah Retirement Systems now owns 41,286 shares of the Internet radio service’s stock valued at $368,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Stephens Inc. AR grew its position in Pandora Media by 1.0% during the second quarter. Stephens Inc. AR now owns 151,744 shares of the Internet radio service’s stock valued at $1,354,000 after acquiring an additional 1,496 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: This report was first published by Watch List News and is the property of of Watch List News. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/ubs-asset-management-americas-inc-acquires-43120-shares-of-pandora-media-inc-p/1638129.html.

A number of research analysts have commented on the stock. Canaccord Genuity reiterated a “buy” rating and set a $14.00 price target (down from $15.00) on shares of Pandora Media in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Pandora Media from a “sell” rating to a “hold” rating in a report on Wednesday. MKM Partners restated a “neutral” rating and issued a $10.00 target price on shares of Pandora Media in a report on Wednesday, August 2nd. Wells Fargo & Company restated a “hold” rating on shares of Pandora Media in a report on Tuesday, August 15th. Finally, Barrington Research restated a “market perform” rating on shares of Pandora Media in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.76.

Pandora Media, Inc. (NYSE:P) opened at 7.92 on Wednesday. The stock’s 50 day moving average price is $8.13 and its 200-day moving average price is $9.06. Pandora Media, Inc. has a 52-week low of $6.76 and a 52-week high of $14.10. The stock’s market capitalization is $1.92 billion.

Pandora Media (NYSE:P) last posted its earnings results on Monday, July 31st. The Internet radio service reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.08. The firm had revenue of $376.83 million for the quarter, compared to analyst estimates of $367.51 million. Pandora Media had a negative return on equity of 58.81% and a negative net margin of 39.90%. Pandora Media’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the company earned ($0.12) earnings per share. On average, equities analysts expect that Pandora Media, Inc. will post ($0.50) EPS for the current fiscal year.

In related news, insider Christopher W. Phillips sold 10,322 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total transaction of $86,911.24. Following the sale, the insider now directly owns 423,872 shares of the company’s stock, valued at $3,569,002.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Gerbitz sold 30,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $8.34, for a total value of $250,200.00. Following the sale, the executive vice president now directly owns 335,607 shares in the company, valued at $2,798,962.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,366 shares of company stock worth $564,822. 2.59% of the stock is 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.

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

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 Analyst Ratings Network's FREE daily email newsletter.