Public Employees Retirement System of Ohio lifted its stake in shares of Pandora Media, Inc. (NYSE:P) by 24.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,741 shares of the Internet radio service’s stock after purchasing an additional 13,742 shares during the period. Public Employees Retirement System of Ohio’s holdings in Pandora Media were worth $622,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of 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 last quarter. First Trust Advisors LP lifted its stake in Pandora Media by 51.9% in the second quarter. First Trust Advisors LP now owns 7,183,485 shares of the Internet radio service’s stock worth $64,077,000 after purchasing an additional 2,454,296 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in Pandora Media by 0.7% in the second quarter. Ontario Teachers Pension Plan Board now owns 7,046,899 shares of the Internet radio service’s stock worth $62,858,000 after purchasing an additional 46,899 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in Pandora Media by 789.9% in the second quarter. Marshall Wace North America L.P. now owns 3,084,210 shares of the Internet radio service’s stock worth $27,758,000 after purchasing an additional 2,737,635 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Pandora Media by 2.0% during the second quarter. State Street Corp now owns 3,009,871 shares of the Internet radio service’s stock valued at $26,850,000 after acquiring an additional 59,948 shares during the last quarter.

In other news, EVP David Gerbitz sold 30,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $8.34, for a total value of $250,200.00. Following the completion of the transaction, the executive vice president now directly owns 335,607 shares in the company, valued at approximately $2,798,962.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO John Trimble sold 10,547 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $8.42, for a total value of $88,805.74. The disclosure for this sale can be found here. Insiders have sold 67,366 shares of company stock valued at $564,822 over the last 90 days. Corporate insiders own 2.59% of the company’s stock.

Pandora Media, Inc. (NYSE P) opened at $4.57 on Friday. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 1.58. Pandora Media, Inc. has a 12-month low of $4.44 and a 12-month high of $14.10.

Pandora Media (NYSE:P) last issued its quarterly earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. Pandora Media had a negative return on equity of 74.78% and a negative net margin of 39.49%. The business had revenue of $378.60 million during the quarter, compared to analysts’ expectations of $380.54 million. During the same period in the previous year, the company posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities analysts predict that Pandora Media, Inc. will post -1.09 EPS for the current year.

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P has been the topic of several analyst reports. BMO Capital Markets reiterated a “hold” rating and issued a $12.00 target price on shares of Pandora Media in a research note on Sunday, July 16th. Wedbush reiterated a “buy” rating on shares of Pandora Media in a research note on Wednesday, July 26th. Royal Bank Of Canada dropped their target price on shares of Pandora Media from $15.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 1st. Piper Jaffray Companies dropped their target price on shares of Pandora Media to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $12.00 target price (down previously from $14.00) on shares of Pandora Media in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.24.

About Pandora Media

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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