7,142 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,142 shares of the company's stock, valued at approximately $925,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in Live Nation Entertainment by 1.5% during the fourth quarter. Principal Financial Group Inc. now owns 7,302,199 shares of the company's stock worth $945,635,000 after purchasing an additional 105,648 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Live Nation Entertainment by 9.4% in the third quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company's stock valued at $410,664,000 after buying an additional 321,832 shares in the last quarter. Cantillon Capital Management LLC raised its stake in shares of Live Nation Entertainment by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 2,977,411 shares of the company's stock worth $385,575,000 after buying an additional 15,891 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Live Nation Entertainment by 18.7% in the 4th quarter. William Blair Investment Management LLC now owns 1,809,949 shares of the company's stock worth $234,388,000 after buying an additional 284,623 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Live Nation Entertainment by 37.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,423,428 shares of the company's stock valued at $155,851,000 after acquiring an additional 385,143 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

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Live Nation Entertainment Trading Up 0.1 %

LYV stock traded up $0.13 during trading on Tuesday, reaching $127.15. 2,177,458 shares of the stock traded hands, compared to its average volume of 2,142,200. The firm has a market capitalization of $29.68 billion, a PE ratio of 46.75, a P/E/G 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. The business's 50 day moving average price is $138.67 and its 200-day moving average price is $127.95. Live Nation Entertainment, Inc. has a 52-week low of $86.81 and a 52-week high of $157.75.

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

Insider Transactions at Live Nation Entertainment

In related news, EVP Michael Rowles sold 63,136 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the completion of the sale, the executive vice president now directly owns 195,346 shares of the company's stock, valued at approximately $30,356,768.40. This represents a 24.43 % decrease in their position. 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 the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total value of $624,333.84. Following the completion of the transaction, the chief accounting officer now directly owns 10,549 shares in the company, valued at $1,300,058.76. This trade represents a 32.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,702 shares of company stock valued at $10,497,143 over the last 90 days. Corporate insiders own 2.72% of the company's stock.

Analyst Upgrades and Downgrades

LYV has been the subject of a number of recent research reports. Guggenheim raised their price objective on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Roth Mkm lifted their price target on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Rosenblatt Securities restated a "buy" rating and set a $146.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, February 18th. Finally, Benchmark reiterated a "buy" rating and issued a $160.00 price target on shares of Live Nation Entertainment in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.27.

Live Nation Entertainment Company 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.