Axiom Investors LLC DE Purchases 63,463 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Axiom Investors LLC DE lifted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 594,658 shares of the company's stock after buying an additional 63,463 shares during the period. Axiom Investors LLC DE owned about 0.26% of Live Nation Entertainment worth $77,008,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LYV. Brooklyn Investment Group bought a new stake in Live Nation Entertainment during the 3rd quarter worth about $31,000. World Investment Advisors LLC acquired a new position in Live Nation Entertainment during the third quarter valued at approximately $38,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Live Nation Entertainment during the 4th quarter worth approximately $40,000. Morse Asset Management Inc bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth approximately $42,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Live Nation Entertainment in the fourth quarter valued at $42,000. 74.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on LYV shares. Roth Mkm lifted their price objective on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Morgan Stanley lifted 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. The Goldman Sachs Group upped their price objective 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. JPMorgan Chase & Co. lifted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, Benchmark restated a "buy" rating and issued a $178.00 price target on shares of Live Nation Entertainment in a research note on Tuesday. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $160.33.

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Live Nation Entertainment Price Performance

NYSE LYV traded down $8.91 during midday trading on Thursday, hitting $125.74. The company had a trading volume of 2,450,990 shares, compared to its average volume of 2,461,759. The firm has a 50-day moving average price of $137.82 and a 200-day moving average price of $129.34. The company has a market capitalization of $29.35 billion, a PE ratio of 46.23, a P/E/G ratio of 1.81 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings data 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. The business 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%. As a group, analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment stock in a transaction on Monday, February 24th. The stock was 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 owns 195,346 shares in the company, valued at approximately $30,356,768.40. This trade represents a 24.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 sale, 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. In the last 90 days, insiders have sold 68,702 shares of company stock worth $10,497,143. 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.