David Goel And Paul Ferri’s Matrix Capital Management Company Opened Huge Pandora Media, Inc Position

February 15, 2018 - By Winifred Garcia

 David Goel And Paul Ferri's Matrix Capital Management Company Opened Huge Pandora Media, Inc Position

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.40, from 1.32 in 2017Q2. It fall, as 47 investors sold Pandora Media, Inc. shares while 59 reduced holdings. 40 funds opened positions while 58 raised stakes. 282.75 million shares or 0.59% less from 284.42 million shares in 2017Q2 were reported.

State Bank Of Montreal Can holds 0% or 395,288 shares. 21,744 are owned by Clinton Grp Inc Inc. Profund Advisors Limited Liability owns 186,361 shares. Bessemer owns 0% invested in Pandora Media, Inc. (NYSE:P) for 11,118 shares. 8.35M were reported by Ws Lllp. Alpine Glob Mgmt has invested 0.73% of its portfolio in Pandora Media, Inc. (NYSE:P). Legal & General Public Ltd invested in 108,930 shares or 0% of the stock. Baker Avenue Asset Lp holds 0.02% of its portfolio in Pandora Media, Inc. (NYSE:P) for 18,531 shares. Telemark Asset Limited Liability Corp reported 2.00M shares or 3.17% of all its holdings. Next Grp Inc holds 0% in Pandora Media, Inc. (NYSE:P) or 1,900 shares. Cambridge Inv stated it has 0.01% in Pandora Media, Inc. (NYSE:P). Gilder Gagnon Howe And Ltd Company has 13,525 shares. Ubs Asset Mngmt Americas Inc reported 200,586 shares or 0% of all its holdings. Welch Cap Ltd Liability Com Ny invested 2.12% in Pandora Media, Inc. (NYSE:P). Alliancebernstein Limited Partnership stated it has 362,747 shares.

Since August 16, 2017, it had 0 insider purchases, and 1 sale for $250,075 activity. 10,547 shares valued at $88,830 were sold by Trimble John on Wednesday, August 16. Shares for $54,981 were sold by Robinson Kristen. $250,075 worth of Pandora Media, Inc. (NYSE:P) was sold by GERBITZ DAVID on Thursday, August 31. On Wednesday, August 16 Phillips Christopher W sold $86,935 worth of Pandora Media, Inc. (NYSE:P) or 10,322 shares.

The New David Goel And Paul Ferri’s Matrix Capital Management Company Holding in Pandora Media, Inc

Matrix Capital Management Company reported SC 13G/A form with the SEC for Pandora Media, Inc. Access it here: 000090266418001154. As reported by David Goel And Paul Ferri’s Matrix Capital Management Company, the filler owns 0.77% or 1,924,000 shares of the Information Technology–company.

Pandora Media, Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows David Goel And Paul Ferri’s Matrix Capital Management Company’s positive view for Pandora Media, Inc.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of David Goel And Paul Ferri’s Matrix Capital Management Company’s portfolio is in the sector.

Pandora Media, Inc Institutional Sentiment

Filings show 225 investors own Pandora Media, Inc. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 20880944. 184965342 were owned by these investors. 47 funds opened new Pandora Media, Inc stakes, 84 increased positions. There were 38 that closed positions and 65 reduced them.

12 investors had the stock in their top 10. Some are: Crosslink Capital Inc, Sls Management Llc, Jericho Capital Asset Management L.P., Kopernik Global Investors Llc, Telemark Asset Management Llc, Slate Path Capital Lp..

Lmm Llc is an investor bullish on Pandora Media, Inc, owning 4678000 shares as of Q3 2015 for 3.75% of its portfolio. Hap Trading Llc owns 2308242 shares or 2.57% of its portfolio. NY Falcon Edge Capital Lp have 6.90% of its portfolio for 4670900 shares. Further, Granahan Investment Management Inc reported stake worth 1.73% of its portfolio. The CA Crosslink Capital Inc owns 6161296 shares. Pandora Media, Inc is 18.34% of its portfolio.

Business 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. Its segments include Pandora-Internet Radio Service and Ticketfly. As of December 31, 2016, it provided Pandora service through two models: advertising-supported service and subscription service-Pandora Plus. Pandora is integrated with connected devices, including automobiles, automotive aftermarket devices and consumer electronic devices. Its Ticketfly service is a cloud ticketing platform for live events. It operates ticketing service through its subsidiary, Ticketfly, a live events technology company that provides ticketing and marketing software and services for its clients, which are venues and event promoters, across North America.

SEC Form 13G.

The stock increased 6.33% or $0.31 during the last trading session, reaching $5.21. About 12.33 million shares traded or 36.14% up from the average. Pandora Media, Inc. (NYSE:P) has declined 12.50% since February 15, 2017 and is downtrending. It has underperformed by 29.20% the S&P500.

Pandora Media, Inc. provides Internet music platform services in North America. The company has market cap of $1.30 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. It currently 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.

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

Among 38 analysts covering Pandora Media (NYSE:P), 11 have Buy rating, 2 Sell and 25 Hold. Therefore 29% are positive. Pandora Media has $30 highest and $5.5 lowest target. $13.01’s average target is 149.71% above currents $5.21 stock price. Pandora Media had 141 analyst reports since July 24, 2015 according to SRatingsIntel. Canaccord Genuity maintained the shares of P in report on Monday, October 30 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Tuesday, September 29 with “Buy”. Piper Jaffray maintained the stock with “Buy” rating in Monday, September 21 report. Scotia Capital upgraded Pandora Media, Inc. (NYSE:P) on Tuesday, June 14 to “Sector Perform” rating. The rating was maintained by Stifel Nicolaus on Tuesday, October 31 with “Buy”. The stock of Pandora Media, Inc. (NYSE:P) has “Neutral” rating given on Monday, January 18 by Susquehanna. The firm has “Neutral” rating given on Thursday, December 17 by M Partners. The company was maintained on Friday, June 9 by Wells Fargo. The firm has “Buy” rating given on Friday, February 12 by Needham. The stock of Pandora Media, Inc. (NYSE:P) has “Outperform” rating given on Thursday, November 16 by BMO Capital Markets.

More recent Pandora Media, Inc. (NYSE:P) news were published by: Marketwatch.com which released: “Pandora hatches plan to save $45 million, expand in Atlanta” on January 31, 2018. Also Zacks.com published the news titled: “Options Traders Expect Huge Moves in Pandora Media (P) Stock February 05, 2018” on February 05, 2018. Investorplace.com‘s news article titled: “Pandora Media Inc Stock Could Get a Buyout Boost” with publication date: January 22, 2018 was also an interesting one.

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