Benjamin Edwards Inc. Purchases 4,176 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Benjamin Edwards Inc. grew its stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 1,575.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,441 shares of the company's stock after buying an additional 4,176 shares during the period. Benjamin Edwards Inc.'s holdings in Live Nation Entertainment were worth $486,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cetera Advisors LLC purchased a new position in shares of Live Nation Entertainment in the first quarter valued at approximately $207,000. CWM LLC grew its holdings in shares of Live Nation Entertainment by 8.4% in the second quarter. CWM LLC now owns 2,389 shares of the company's stock valued at $224,000 after purchasing an additional 186 shares in the last quarter. Czech National Bank raised its position in Live Nation Entertainment by 8.7% in the 2nd quarter. Czech National Bank now owns 27,143 shares of the company's stock valued at $2,544,000 after purchasing an additional 2,178 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Live Nation Entertainment during the 2nd quarter worth $226,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Live Nation Entertainment by 4.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,108 shares of the company's stock worth $291,000 after acquiring an additional 138 shares in the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LYV has been the topic of a number of recent research reports. 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. Oppenheimer increased their price target on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Macquarie boosted their target price on Live Nation Entertainment from $130.00 to $146.00 and gave the stock an "outperform" rating in a research report on Friday, November 15th. Citigroup lifted their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $123.00 price target on shares of Live Nation Entertainment in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Live Nation Entertainment currently has a consensus rating of "Moderate Buy" and an average target price of $142.13.

Insiders Place Their Bets

In related news, CFO Joe Berchtold sold 29,310 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $97.50, for a total value of $2,857,725.00. Following the completion of the sale, the chief financial officer now owns 566,722 shares in the company, valued at approximately $55,255,395. This trade represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Rowles sold 35,000 shares of the business's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $97.64, for a total value of $3,417,400.00. Following the transaction, the executive vice president now owns 167,447 shares in the company, valued at $16,349,525.08. This represents a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,159 shares of company stock valued at $15,912,903 in the last quarter. Insiders own 2.72% of the company's stock.

Live Nation Entertainment Stock Down 2.0 %

NYSE LYV traded down $2.73 during trading on Monday, reaching $134.03. 2,371,561 shares of the company's stock were exchanged, compared to its average volume of 2,205,912. The firm has a market capitalization of $31.14 billion, a PE ratio of 142.59, a P/E/G ratio of 3.71 and a beta of 1.37. Live Nation Entertainment, Inc. has a fifty-two week low of $85.08 and a fifty-two week high of $141.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The company's fifty day simple moving average is $123.82 and its 200-day simple moving average is $105.39.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.08. The firm had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The business's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 earnings per share. Sell-side analysts predict that Live Nation Entertainment, Inc. will post 1.04 EPS for the current 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.