United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New $505,000 Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,900 shares of the company's stock, valued at approximately $505,000.

Several other hedge funds and other institutional investors have also modified their holdings of LYV. Brooklyn Investment Group acquired a new stake in Live Nation Entertainment during the third quarter valued at $31,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Live Nation Entertainment during the 4th quarter valued at $40,000. Golden State Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment in the 4th quarter valued at $42,000. Retirement Wealth Solutions LLC bought a new stake in Live Nation Entertainment during the fourth quarter worth approximately $44,000. Finally, Independence Bank of Kentucky acquired a new position in Live Nation Entertainment during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 74.52% of the company's stock.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $155.40, for a total value of $9,811,334.40. Following the completion of the sale, the executive vice president now owns 195,346 shares of the company's stock, valued at approximately $30,356,768.40. This represents a 24.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total transaction of $624,333.84. Following the transaction, the chief accounting officer now directly owns 10,549 shares in the company, valued at approximately $1,300,058.76. This represents a 32.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,702 shares of company stock worth $10,497,143. 2.72% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

A number of equities analysts have recently commented on LYV shares. Morgan Stanley lifted their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of Live Nation Entertainment in a report on Thursday, February 20th. The Goldman Sachs Group upped their price target on Live Nation Entertainment from $148.00 to $166.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Macquarie lifted their price objective on Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $146.00 target price on shares of Live Nation Entertainment in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Live Nation Entertainment has an average rating of "Moderate Buy" and a consensus price target of $157.27.

Live Nation Entertainment Trading Up 4.5 %

LYV opened at $130.71 on Tuesday. The firm has a 50 day simple moving average of $138.04 and a 200 day simple moving average of $129.07. Live Nation Entertainment, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $157.75. The company has a market cap of $30.51 billion, a price-to-earnings ratio of 48.06, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.49. The company had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. On average, sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Live Nation Entertainment Profile

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.