SG Americas Securities LLC lowered its holdings in Pandora Media Inc (NYSE:P) by 94.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 243,208 shares of the Internet radio service’s stock after selling 4,262,743 shares during the period. SG Americas Securities LLC’s holdings in Pandora Media were worth $1,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning bought a new position in Pandora Media during the 4th quarter worth approximately $128,000. GSA Capital Partners LLP bought a new position in Pandora Media during the 3rd quarter worth approximately $259,000. Cubist Systematic Strategies LLC bought a new position in Pandora Media during the 3rd quarter worth approximately $1,865,000. Alyeska Investment Group L.P. lifted its holdings in Pandora Media by 21.3% during the 3rd quarter. Alyeska Investment Group L.P. now owns 5,165,300 shares of the Internet radio service’s stock worth $39,773,000 after buying an additional 906,180 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new position in Pandora Media during the 3rd quarter worth approximately $180,000.

In other news, EVP David Gerbitz sold 9,523 shares of Pandora Media stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total transaction of $48,662.53. Following the transaction, the executive vice president now directly owns 316,084 shares in the company, valued at approximately $1,615,189.24. 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 Pandora Media stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $4.77, for a total value of $375,432.39. Following the transaction, the chief executive officer now owns 701,607 shares in the company, valued at $3,346,665.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,389 shares of company stock worth $567,987. 2.59% of the stock is owned by insiders.

Several analysts recently issued reports on P shares. Zacks Investment Research raised Pandora Media from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Wedbush set a $15.00 price target on Pandora Media and gave the stock a “buy” rating in a report on Monday, October 30th. Canaccord Genuity reissued a “buy” rating and issued a $14.00 price target on shares of Pandora Media in a report on Monday, October 30th. FBR & Co reissued a “buy” rating and issued a $11.00 price target on shares of Pandora Media in a report on Tuesday, October 31st. Finally, Stifel Nicolaus set a $12.00 price target on Pandora Media and gave the stock a “buy” rating in a report on Tuesday, October 31st. Four investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.13.

Shares of Pandora Media Inc (NYSE:P) opened at $4.84 on Wednesday. Pandora Media Inc has a 1 year low of $4.09 and a 1 year high of $13.72. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.18 and a quick ratio of 4.18.

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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.

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

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