Pandora Media Inc (P) is Kopernik Global Investors LLC’s 8th Largest Position

Kopernik Global Investors LLC increased its position in Pandora Media Inc (NYSE:P) by 91.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,923,505 shares of the Internet radio service’s stock after buying an additional 2,834,219 shares during the period. Pandora Media accounts for about 5.3% of Kopernik Global Investors LLC’s investment portfolio, making the stock its 8th largest holding. Kopernik Global Investors LLC’s holdings in Pandora Media were worth $28,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its holdings in shares of Pandora Media by 254.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 54,900 shares of the Internet radio service’s stock worth $422,000 after purchasing an additional 39,400 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Pandora Media by 1.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,481,600 shares of the Internet radio service’s stock worth $11,409,000 after purchasing an additional 25,132 shares during the period. Teton Advisors Inc. increased its holdings in shares of Pandora Media by 200.7% during the 3rd quarter. Teton Advisors Inc. now owns 75,721 shares of the Internet radio service’s stock worth $583,000 after purchasing an additional 50,540 shares during the period. State Street Corp increased its holdings in shares of Pandora Media by 2.0% during the 2nd quarter. State Street Corp now owns 3,009,871 shares of the Internet radio service’s stock worth $26,850,000 after purchasing an additional 59,948 shares during the period. Finally, EastBay Asset Management LLC bought a new position in shares of Pandora Media during the 4th quarter worth about $29,127,000.

In other Pandora Media news, CEO Roger Lynch sold 78,707 shares of the business’s stock in a transaction dated 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 directly owns 701,607 shares in the company, valued at $3,346,665.39. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.59% of the stock is owned by insiders.

Several research analysts have recently issued reports on P shares. Wedbush set a $15.00 price objective on shares of Pandora Media and gave the stock a “buy” rating in a report on Monday, October 30th. Canaccord Genuity reiterated a “buy” rating and set a $14.00 target price on shares of Pandora Media in a research report on Monday, October 30th. FBR & Co reiterated a “buy” rating and set a $11.00 target price on shares of Pandora Media in a research report on Tuesday, October 31st. Stifel Nicolaus set a $12.00 target price on shares of Pandora Media and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded shares of Pandora Media from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $10.03.

Pandora Media Inc (NYSE P) opened at $5.16 on Tuesday. Pandora Media Inc has a 12-month low of $4.09 and a 12-month 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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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.

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

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