Artisan Partners Limited Partnership Grows Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Artisan Partners Limited Partnership raised its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,733,176 shares of the company's stock after buying an additional 445,704 shares during the period. Artisan Partners Limited Partnership owned about 1.18% of Live Nation Entertainment worth $353,946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in Live Nation Entertainment by 17.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock valued at $65,000 after acquiring an additional 75 shares in the last quarter. SOA Wealth Advisors LLC. boosted its position in shares of Live Nation Entertainment by 19.0% in the 4th quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company's stock valued at $65,000 after purchasing an additional 80 shares during the period. Western Pacific Wealth Management LP grew its stake in Live Nation Entertainment by 10.4% during the 4th quarter. Western Pacific Wealth Management LP now owns 867 shares of the company's stock worth $112,000 after buying an additional 82 shares during the last quarter. UMB Bank n.a. lifted its stake in Live Nation Entertainment by 21.2% in the fourth quarter. UMB Bank n.a. now owns 532 shares of the company's stock valued at $69,000 after buying an additional 93 shares during the last quarter. Finally, Gilbert & Cook Inc. boosted its holdings in shares of Live Nation Entertainment by 1.7% in the fourth quarter. Gilbert & Cook Inc. now owns 5,463 shares of the company's stock valued at $707,000 after acquiring an additional 93 shares during the period. 74.52% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of brokerages have recently commented on LYV. Guggenheim lifted their target price on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Roth Mkm increased their target price on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, February 20th. The Goldman Sachs Group lifted their target price on Live Nation Entertainment from $148.00 to $166.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Morgan Stanley increased their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.27.

Insider Activity at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the transaction, the executive vice president now owns 195,346 shares in the company, valued at $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey T. Hinson sold 500 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total value of $61,475.00. Following the completion of the sale, the director now owns 52,624 shares of the company's stock, valued at approximately $6,470,120.80. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,702 shares of company stock worth $10,497,143. 2.72% of the stock is owned by insiders.

Live Nation Entertainment Trading Up 3.9 %

NYSE LYV traded up $4.93 during trading hours on Monday, hitting $129.96. 1,242,568 shares of the company's stock were exchanged, compared to its average volume of 2,326,601. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $30.33 billion, a P/E ratio of 47.78, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. The business's 50 day moving average is $138.14 and its 200-day moving average is $128.84. Live Nation Entertainment, Inc. has a 12-month low of $86.81 and a 12-month high of $157.75.

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

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.