Major Funds Support Pandora Media’s Shares in Quarterly Release
Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Pandora Media Inc. (NYSE:P).
SEC data indicate that these institutions significantly increased their stock shares of Pandora Media Inc. in Q3 2011:
MORGAN STANLEY: On 06/30/2011, held 0 shares. On 09/30/2011, held 1,726,178 shares, worth $25,288,508.
ALLEN OPERATIONS LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 310,560 shares, worth $4,549,704.
ALLEN HOLDING INC /NY: On 06/30/2011, held 0 shares. On 09/30/2011, held 310,560 shares, worth $4,549,704.
SUSQUEHANNA INTERNATIONAL GROUP, LLP: On 06/30/2011, held 0 shares. On 09/30/2011, held 70,832 shares, worth $1,037,689.
HBK INVESTMENTS L P: On 06/30/2011, held 0 shares. On 09/30/2011, held 65,100 shares, worth $953,715.
About the company: Pandora is an internet radio station generating playlists based on a user’s favorite artist or song. Pandora’s service, free to its more than 80 million registered users and available only in the US, is supported by local and national advertising. Pandora chief strategy officer Tim Westergren founded the company in 2000.
Competitors to Watch: Sirius XM Radio Inc. (NASDAQ:SIRI), Linkedin Corporation (NYSE:LNKD), Google Inc. (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), Career College Holding Co. Inc. (CCHZ), CBS Corporation (NYSE:CBS), Amazon.com, Inc. (NASDAQ:AMZN), Comcast Corporation (NASDAQ:CMCSA), and Time Warner Cable Inc. (NYSE:TWC).
(Note: Data regarding Pandora Media Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)
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