Farringdon Capital Ltd. Invests $690,000 in Live Nation Entertainment, Inc. (NYSE:LYV)

Farringdon Capital Ltd. acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,332 shares of the company's stock, valued at approximately $690,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of LYV. Principal Financial Group Inc. increased its stake in shares of Live Nation Entertainment by 1.2% during the third quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company's stock worth $787,950,000 after buying an additional 87,032 shares during the period. Morse Asset Management Inc acquired a new position in shares of Live Nation Entertainment during the 3rd quarter worth about $42,000. SOA Wealth Advisors LLC. acquired a new stake in Live Nation Entertainment during the third quarter worth approximately $46,000. Pine Valley Investments Ltd Liability Co grew its position in shares of Live Nation Entertainment by 2.3% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 45,037 shares of the company's stock valued at $4,931,000 after buying an additional 1,016 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new stake in Live Nation Entertainment in the third quarter valued at $38,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Live Nation Entertainment Price Performance

LYV traded up $3.59 during trading on Tuesday, reaching $127.07. The stock had a trading volume of 371,781 shares, compared to its average volume of 2,230,775. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a market capitalization of $29.66 billion, a price-to-earnings ratio of 46.69, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31. The stock has a 50 day moving average of $131.99 and a two-hundred day moving average of $131.33. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of ($0.93) by $1.49. The business 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%. As a group, equities analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

LYV has been the topic of a number of recent research reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $174.00 target price on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Roth Mkm increased their price objective on Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Benchmark reaffirmed a "buy" rating and issued a $178.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 1st. Finally, Bank of America raised their price objective on Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.33.

Insiders Place Their Bets

In related news, EVP Michael Rowles sold 63,136 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Brian Capo sold 5,066 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total transaction of $624,333.84. Following the completion of the sale, the chief accounting officer now owns 10,549 shares of the company's stock, valued at approximately $1,300,058.76. The trade was a 32.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,702 shares of company stock worth $10,497,143. Corporate 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.