Learn Why Credit Suisse Ag Purchased Pandora Media, Inc Stake?

February 15, 2018 - By Max Morgan

 Learn Why Credit Suisse Ag Purchased Pandora Media, Inc Stake?

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.40, from 1.32 in 2017Q2. It dived, 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.

Reilly Fin Limited reported 200 shares. Utah Retirement has invested 0.01% of its portfolio in Pandora Media, Inc. (NYSE:P). Clear Harbor Asset Ltd Llc holds 0.18% or 115,000 shares in its portfolio. State Of Wisconsin Invest Board owns 46,051 shares. New York-based Leucadia Corporation has invested 0.05% in Pandora Media, Inc. (NYSE:P). Ws Management Lllp has invested 1.6% in Pandora Media, Inc. (NYSE:P). Moreover, Credit Suisse Ag has 0.09% invested in Pandora Media, Inc. (NYSE:P) for 11.87M shares. Macquarie Grp Ltd reported 139,712 shares stake. Price Michael F reported 0.21% stake. Parametric Portfolio Associate Limited Com invested in 116,685 shares or 0% of the stock. Moreover, Firsthand Cap has 1.37% invested in Pandora Media, Inc. (NYSE:P). Landscape Limited Liability Company owns 0.12% invested in Pandora Media, Inc. (NYSE:P) for 154,340 shares. Allen Mngmt Ltd Liability reported 0.01% in Pandora Media, Inc. (NYSE:P). Shannon River Fund Limited Liability has invested 1.35% of its portfolio in Pandora Media, Inc. (NYSE:P). Commonwealth Of Pennsylvania Pub School Empls Retrmt reported 626,364 shares.

Since August 16, 2017, it had 0 insider purchases, and 1 sale for $250,075 activity. Shares for $55,065 were sold by BENE STEPHEN G on Wednesday, August 16. 10,547 shares valued at $88,830 were sold by Trimble John on Wednesday, August 16. $83,878 worth of Pandora Media, Inc. (NYSE:P) was sold by GERBITZ DAVID on Wednesday, August 16. Phillips Christopher W sold $86,935 worth of Pandora Media, Inc. (NYSE:P) on Wednesday, August 16.

The New Credit Suisse Ag Holding in Pandora Media, Inc

Credit Suisse Ag reported SC 13G/A form with the SEC for Pandora Media, Inc. Access it here: 000114036118008139. As reported by Credit Suisse Ag, the filler owns 4.75% or 11,810,914 shares of the Information Technology–company.

Pandora Media, Inc stake is new for [reportingPerson]. Date of activity: Calendar Year 2017. This shows Credit Suisse Ag’s positive view for Pandora Media, Inc. For a institutional investor managing $41.97 billion in assets and having 300+ experts this is interesting position.

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 decreased 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.

Credit Suisse Ag website.

The stock increased 4.08% or $0.2 during the last trading session, reaching $5.1. About 14.66M shares traded or 61.88% 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 $1.27 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 155.10% above currents $5.1 stock price. Pandora Media had 141 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, August 1. The stock of Pandora Media, Inc. (NYSE:P) earned “Hold” rating by Cowen & Co on Friday, July 28. The firm has “Buy” rating given on Thursday, June 9 by Axiom Capital. The rating was maintained by Canaccord Genuity on Monday, October 30 with “Buy”. The stock has “Neutral” rating by Credit Suisse on Monday, October 17. The rating was maintained by Wells Fargo on Monday, August 14 with “Hold”. Cowen & Co maintained the stock with “Hold” rating in Friday, November 3 report. The stock of Pandora Media, Inc. (NYSE:P) has “Buy” rating given on Monday, May 23 by B. Riley & Co. On Thursday, November 2 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was downgraded by RBC Capital Markets on Friday, October 23 to “Sector Perform”.

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

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