B. Metzler seel. Sohn & Co. Holding AG Invests $441,000 in Live Nation Entertainment, Inc. (NYSE:LYV)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,025 shares of the company's stock, valued at approximately $441,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Select Equity Group L.P. boosted its position in Live Nation Entertainment by 12.3% during the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company's stock worth $1,213,053,000 after purchasing an additional 1,415,173 shares in the last quarter. D1 Capital Partners L.P. lifted its position in shares of Live Nation Entertainment by 44.6% during the 2nd quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company's stock valued at $332,171,000 after buying an additional 1,093,000 shares in the last quarter. Vulcan Value Partners LLC increased its holdings in Live Nation Entertainment by 46.5% in the 2nd quarter. Vulcan Value Partners LLC now owns 2,694,463 shares of the company's stock worth $252,663,000 after acquiring an additional 855,197 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Live Nation Entertainment by 85.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,038,285 shares of the company's stock worth $97,329,000 after acquiring an additional 476,981 shares during the period. Finally, DigitalBridge Group Inc. purchased a new stake in shares of Live Nation Entertainment during the second quarter worth about $20,453,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LYV has been the topic of several research analyst reports. TD Cowen lifted their price objective on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price target on Live Nation Entertainment from $118.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Benchmark increased their price objective on Live Nation Entertainment from $132.00 to $144.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group lifted their target price on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $123.00 target price on shares of Live Nation Entertainment in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $141.53.

Insiders Place Their Bets

In related news, EVP Michael Rowles sold 35,000 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $97.64, for a total transaction of $3,417,400.00. Following the sale, the executive vice president now directly owns 167,447 shares of the company's stock, valued at $16,349,525.08. This represents a 17.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Rapino sold 98,849 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total transaction of $9,637,777.50. Following the completion of the transaction, the chief executive officer now directly owns 3,702,115 shares of the company's stock, valued at $360,956,212.50. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 168,799 shares of company stock worth $16,449,718 over the last ninety days. Corporate insiders own 2.72% of the company's stock.

Live Nation Entertainment Trading Up 0.1 %

Shares of NYSE:LYV traded up $0.17 during midday trading on Monday, reaching $140.46. 3,726,855 shares of the company's stock were exchanged, compared to its average volume of 2,182,980. The stock has a market cap of $32.64 billion, a price-to-earnings ratio of 149.43, a P/E/G ratio of 3.80 and a beta of 1.33. Live Nation Entertainment, Inc. has a fifty-two week low of $81.38 and a fifty-two week high of $141.18. The firm's 50 day simple moving average is $117.52 and its two-hundred day simple moving average is $102.58. 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 released its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the previous year, the firm earned $1.78 EPS. The business's revenue was down 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that Live Nation Entertainment, Inc. will post 1.04 EPS for the current fiscal 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.