Live Nation Entertainment, Inc. (NYSE:LYV) Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 55.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,012 shares of the company's stock after buying an additional 9,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Live Nation Entertainment were worth $3,498,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in Live Nation Entertainment by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 971,039 shares of the company's stock valued at $106,319,000 after buying an additional 107,844 shares during the last quarter. Empowered Funds LLC boosted its stake in Live Nation Entertainment by 392.4% in the third quarter. Empowered Funds LLC now owns 17,336 shares of the company's stock valued at $1,898,000 after acquiring an additional 13,815 shares in the last quarter. Natixis Advisors LLC boosted its stake in Live Nation Entertainment by 12.0% in the third quarter. Natixis Advisors LLC now owns 66,481 shares of the company's stock valued at $7,279,000 after acquiring an additional 7,136 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Live Nation Entertainment in the third quarter valued at $441,000. Finally, Friedenthal Financial acquired a new position in Live Nation Entertainment in the fourth quarter valued at $754,000. Hedge funds and other institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock traded up $2.39 during mid-day trading on Friday, reaching $143.35. The company had a trading volume of 2,904,894 shares, compared to its average volume of 2,112,376. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year 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 company has a market capitalization of $33.46 billion, a P/E ratio of 52.70, a P/E/G ratio of 1.81 and a beta of 1.38. The stock's 50-day simple moving average is $140.25 and its 200-day simple moving average is $124.17.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $5.67 billion. On average, equities analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Insider Transactions at Live Nation Entertainment

In other news, EVP Michael Rowles sold 63,136 shares of the firm'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 completion of the transaction, the executive vice president now directly owns 195,346 shares of the company's stock, valued at $30,356,768.40. This trade represents a 24.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.72% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Macquarie upped their price objective on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company an "outperform" rating in a research note on Friday, November 15th. Oppenheimer increased their target price on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. TD Cowen increased their target price on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Roth Mkm increased their target price on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Morgan Stanley increased their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $156.00.

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.