Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 740,429 shares of the company's stock after selling 65,686 shares during the quarter. Blair William & Co. IL owned 0.32% of Live Nation Entertainment worth $95,886,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LYV. Principal Financial Group Inc. grew its holdings in Live Nation Entertainment by 1.5% during the 4th quarter. Principal Financial Group Inc. now owns 7,302,199 shares of the company's stock worth $945,635,000 after acquiring an additional 105,648 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Live Nation Entertainment by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company's stock worth $410,664,000 after purchasing an additional 321,832 shares during the last quarter. Cantillon Capital Management LLC grew its stake in shares of Live Nation Entertainment by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 2,977,411 shares of the company's stock worth $385,575,000 after purchasing an additional 15,891 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in Live Nation Entertainment by 19.5% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,733,176 shares of the company's stock valued at $353,946,000 after buying an additional 445,704 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in Live Nation Entertainment by 18.7% during the 4th quarter. William Blair Investment Management LLC now owns 1,809,949 shares of the company's stock worth $234,388,000 after buying an additional 284,623 shares during the last quarter. 74.52% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

A number of research analysts have recently commented on LYV shares. Benchmark reiterated a "buy" rating and issued a $160.00 price objective on shares of Live Nation Entertainment in a report on Thursday, February 20th. The Goldman Sachs Group raised their price objective on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Guggenheim boosted their price objective on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Macquarie increased their target price on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $157.27.

Live Nation Entertainment Stock Performance

Shares of LYV stock traded up $4.09 during midday trading on Monday, hitting $129.12. The company had a trading volume of 1,723,237 shares, compared to its average volume of 2,199,111. The stock has a market cap of $30.14 billion, a price-to-earnings ratio of 47.52, a PEG ratio of 1.81 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The company's 50 day simple moving average is $138.14 and its 200 day simple moving average is $128.84. Live Nation Entertainment, Inc. has a 52-week low of $86.81 and a 52-week high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.67 billion. Research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Brian Capo sold 5,066 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the completion of the transaction, the chief accounting officer now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment 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 of the company's stock, valued at approximately $30,356,768.40. The trade was a 24.43 % decrease in their position. 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. Company insiders own 2.72% of the company's stock.

About Live Nation Entertainment

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.