Callan Family Office LLC Buys Shares of 5,506 Live Nation Entertainment, Inc. (NYSE:LYV)

Callan Family Office LLC bought a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,506 shares of the company's stock, valued at approximately $713,000.

Several other large investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its holdings in Live Nation Entertainment by 14.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,561 shares of the company's stock worth $390,000 after buying an additional 453 shares during the period. Amalgamated Bank raised its holdings in shares of Live Nation Entertainment by 3.8% during the third quarter. Amalgamated Bank now owns 33,055 shares of the company's stock worth $3,619,000 after acquiring an additional 1,210 shares during the period. Principal Financial Group Inc. lifted its position in Live Nation Entertainment by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company's stock valued at $787,950,000 after acquiring an additional 87,032 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Live Nation Entertainment by 1.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 350,497 shares of the company's stock worth $38,376,000 after purchasing an additional 6,512 shares during the period. Finally, Metis Global Partners LLC increased its holdings in Live Nation Entertainment by 7.4% during the 3rd quarter. Metis Global Partners LLC now owns 5,073 shares of the company's stock worth $555,000 after purchasing an additional 350 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LYV shares. Roth Mkm lifted their target price on Live Nation Entertainment from $152.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, February 21st. StockNews.com raised shares of Live Nation Entertainment from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Benchmark reissued a "buy" rating and set a $160.00 price target on shares of Live Nation Entertainment in a research report on Thursday, February 20th. TD Cowen lifted their price objective on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $146.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $157.27.

Insider Transactions at Live Nation Entertainment

In other news, EVP Michael Rowles sold 63,136 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 195,346 shares of the company's stock, valued at $30,356,768.40. This represents a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.72% of the company's stock.

Live Nation Entertainment Price Performance

NYSE:LYV traded up $1.20 during trading hours on Wednesday, hitting $122.84. The company's stock had a trading volume of 4,232,781 shares, compared to its average volume of 2,125,393. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75. 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 stock has a fifty day simple moving average of $140.14 and a 200-day simple moving average of $126.35. The company has a market capitalization of $28.67 billion, a P/E ratio of 45.16, a PEG ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of ($0.93) by $1.49. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. On average, analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

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.