Asahi Life Asset Management CO. LTD. Buys Shares of 2,640 Live Nation Entertainment, Inc. (NYSE:LYV)

Asahi Life Asset Management CO. LTD. bought a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,640 shares of the company's stock, valued at approximately $342,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in Live Nation Entertainment by 17.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock worth $65,000 after purchasing an additional 75 shares during the last quarter. SOA Wealth Advisors LLC. boosted its holdings in shares of Live Nation Entertainment by 19.0% in the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company's stock worth $65,000 after buying an additional 80 shares during the last quarter. Western Pacific Wealth Management LP grew its position in Live Nation Entertainment by 10.4% during the fourth quarter. Western Pacific Wealth Management LP now owns 867 shares of the company's stock valued at $112,000 after buying an additional 82 shares during the period. Private Advisor Group LLC increased its holdings in Live Nation Entertainment by 2.8% during the third quarter. Private Advisor Group LLC now owns 3,218 shares of the company's stock valued at $352,000 after buying an additional 89 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Live Nation Entertainment by 21.2% in the fourth quarter. UMB Bank n.a. now owns 532 shares of the company's stock worth $69,000 after acquiring an additional 93 shares during the period. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LYV has been the subject of several analyst reports. Evercore ISI upped their price objective on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Rosenblatt Securities reiterated a "buy" rating and set a $146.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Citigroup lifted their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. TD Cowen raised their target price on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded shares of Live Nation Entertainment from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $156.00.

Live Nation Entertainment Trading Down 0.4 %

NYSE:LYV traded down $0.57 during mid-day trading on Monday, hitting $142.79. 1,192,738 shares of the stock traded hands, compared to its average volume of 2,103,759. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $157.75. The stock has a market capitalization of $33.33 billion, a price-to-earnings ratio of 52.51, a PEG ratio of 1.81 and a beta of 1.38. The firm's 50 day moving average is $140.25 and its two-hundred day moving average is $124.61.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion. On average, equities research analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Insider Transactions at Live Nation Entertainment

In other news, EVP Michael Rowles sold 63,136 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now directly owns 195,346 shares in the company, valued at approximately $30,356,768.40. This represents a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.72% of the company's stock.

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.