Live Nation Entertainment, Inc. (NYSE:LYV) Holdings Decreased by D1 Capital Partners L.P.

D1 Capital Partners L.P. trimmed its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 48.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,828,680 shares of the company's stock after selling 1,714,852 shares during the quarter. Live Nation Entertainment accounts for 3.9% of D1 Capital Partners L.P.'s investment portfolio, making the stock its 8th largest holding. D1 Capital Partners L.P. owned 0.79% of Live Nation Entertainment worth $200,222,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Live Nation Entertainment in the 3rd quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. raised its position in Live Nation Entertainment by 119.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company's stock valued at $34,000 after buying an additional 202 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in Live Nation Entertainment in the 3rd quarter valued at $41,000. Cromwell Holdings LLC raised its position in Live Nation Entertainment by 25.7% in the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company's stock valued at $47,000 after buying an additional 88 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Live Nation Entertainment by 67.4% in the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $41,000 after buying an additional 176 shares during the last quarter. 74.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Live Nation Entertainment from $118.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Oppenheimer increased their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Citigroup upped their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. TD Cowen upped their price objective on Live Nation Entertainment from $108.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded Live Nation Entertainment from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Live Nation Entertainment has a consensus rating of "Moderate Buy" and an average price target of $141.53.

Live Nation Entertainment Price Performance

NYSE LYV traded down $1.48 during trading hours on Friday, hitting $138.25. The company had a trading volume of 1,036,534 shares, compared to its average volume of 2,175,949. Live Nation Entertainment, Inc. has a 52 week low of $81.38 and a 52 week high of $141.18. The firm has a 50 day simple moving average of $119.69 and a 200 day simple moving average of $103.38. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $32.12 billion, a price-to-earnings ratio of 148.16, a PEG ratio of 3.79 and a beta of 1.33.

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, topping the consensus estimate of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The business had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter last year, the company earned $1.78 EPS. The firm's revenue was down 6.2% compared to the same quarter last year. Equities research analysts expect that Live Nation Entertainment, Inc. will post 1.04 earnings per share for the current year.

Insiders Place Their Bets

In other Live Nation Entertainment news, CEO Michael Rapino sold 98,849 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $97.50, for a total value of $9,637,777.50. Following the sale, the chief executive officer now owns 3,702,115 shares of the company's stock, valued at $360,956,212.50. This trade represents a 2.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey T. Hinson sold 5,640 shares of the firm's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $95.18, for a total value of $536,815.20. Following the completion of the sale, the director now directly owns 53,949 shares in the company, valued at approximately $5,134,865.82. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 168,799 shares of company stock worth $16,449,718 in the last quarter. 2.72% of the stock is owned by company insiders.

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.