FIL Ltd Has $42.70 Million Position in Live Nation Entertainment, Inc. (NYSE:LYV)

FIL Ltd decreased its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 329,702 shares of the company's stock after selling 65,217 shares during the period. FIL Ltd owned about 0.14% of Live Nation Entertainment worth $42,696,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its holdings in Live Nation Entertainment by 17.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock worth $65,000 after buying an additional 75 shares during the last quarter. SOA Wealth Advisors LLC. increased its holdings in shares of Live Nation Entertainment by 19.0% in the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company's stock valued at $65,000 after purchasing an additional 80 shares during the period. Western Pacific Wealth Management LP lifted its stake in shares of Live Nation Entertainment by 10.4% in the 4th quarter. Western Pacific Wealth Management LP now owns 867 shares of the company's stock worth $112,000 after acquiring an additional 82 shares during the period. UMB Bank n.a. raised its stake in shares of Live Nation Entertainment by 21.2% during the 4th quarter. UMB Bank n.a. now owns 532 shares of the company's stock worth $69,000 after buying an additional 93 shares in the last quarter. Finally, Gilbert & Cook Inc. grew its holdings in Live Nation Entertainment by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 5,463 shares of the company's stock worth $707,000 after acquiring an additional 93 shares during the period. 74.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 500 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total transaction of $61,475.00. Following the transaction, the director now owns 52,624 shares in the company, valued at $6,470,120.80. This represents a 0.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brian Capo sold 5,066 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 directly owns 10,549 shares in the company, valued at $1,300,058.76. The trade was a 32.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,702 shares of company stock valued at $10,497,143 over the last ninety days. Insiders own 2.72% of the company's stock.

Analyst Upgrades and Downgrades

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

Live Nation Entertainment Price Performance

LYV traded down $2.26 during trading on Wednesday, reaching $126.72. The stock had a trading volume of 567,692 shares, compared to its average volume of 2,279,072. The stock has a 50 day moving average of $133.75 and a two-hundred day moving average of $130.75. 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 $29.58 billion, a price-to-earnings ratio of 46.59, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31. 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 announced its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.67 billion. As a group, equities analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

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.