Pandora Media Inc (P) Shares Bought by Gabelli Funds LLC
Gabelli Funds LLC increased its stake in Pandora Media Inc (NYSE:P) by 185.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,091,181 shares of the Internet radio service’s stock after purchasing an additional 709,000 shares during the period. Gabelli Funds LLC’s holdings in Pandora Media were worth $5,259,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of P. Prudential Financial Inc. bought a new position in Pandora Media in the 2nd quarter worth approximately $109,000. TIAA CREF Investment Management LLC raised its position in Pandora Media by 3.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 692,804 shares of the Internet radio service’s stock worth $6,180,000 after purchasing an additional 24,988 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Pandora Media by 27.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 198,757 shares of the Internet radio service’s stock worth $1,773,000 after acquiring an additional 43,120 shares during the period. Northern Trust Corp grew its holdings in Pandora Media by 3.7% during the 2nd quarter. Northern Trust Corp now owns 1,105,624 shares of the Internet radio service’s stock worth $9,862,000 after acquiring an additional 39,333 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Pandora Media by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 18,059,537 shares of the Internet radio service’s stock worth $161,092,000 after acquiring an additional 829,682 shares during the period.
Shares of Pandora Media Inc (P) opened at $4.59 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.18 and a quick ratio of 4.18. Pandora Media Inc has a 52-week low of $4.09 and a 52-week high of $13.72.
In other news, insider Christopher W. Phillips sold 9,988 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $5.11, for a total value of $51,038.68. Following the sale, the insider now directly owns 413,884 shares of the company’s stock, valued at approximately $2,114,947.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Roger Lynch sold 78,707 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $4.77, for a total transaction of $375,432.39. Following the completion of the sale, the chief executive officer now directly owns 701,607 shares in the company, valued at $3,346,665.39. The disclosure for this sale can be found here. Insiders have sold a total of 116,389 shares of company stock worth $567,987 over the last three months. Insiders own 2.59% of the company’s stock.
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Pandora Media 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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