3,720 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Acquired by Hilltop Holdings Inc.

Hilltop Holdings Inc. purchased a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,720 shares of the company's stock, valued at approximately $407,000.

A number of other institutional investors also recently bought and sold shares of LYV. Chevy Chase Trust Holdings LLC lifted its position in shares of Live Nation Entertainment by 7.6% during the third quarter. Chevy Chase Trust Holdings LLC now owns 84,477 shares of the company's stock worth $9,249,000 after purchasing an additional 5,955 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of Live Nation Entertainment by 1,575.8% during the third quarter. Benjamin Edwards Inc. now owns 4,441 shares of the company's stock worth $486,000 after purchasing an additional 4,176 shares during the last quarter. Edgestream Partners L.P. lifted its position in shares of Live Nation Entertainment by 102.1% during the third quarter. Edgestream Partners L.P. now owns 5,308 shares of the company's stock worth $581,000 after purchasing an additional 2,681 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Live Nation Entertainment by 55.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company's stock worth $118,147,000 after purchasing an additional 387,008 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Live Nation Entertainment by 0.7% during the third quarter. Public Sector Pension Investment Board now owns 488,866 shares of the company's stock worth $53,526,000 after purchasing an additional 3,200 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Stock Up 1.6 %

Shares of LYV stock traded up $2.09 during trading hours on Friday, reaching $136.76. 2,142,263 shares of the company's stock were exchanged, compared to its average volume of 3,003,626. Live Nation Entertainment, Inc. has a 1 year low of $82.25 and a 1 year high of $141.18. The stock has a market cap of $31.78 billion, a PE ratio of 145.49, a PEG ratio of 3.45 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock's fifty day moving average price is $123.33 and its two-hundred day moving average price is $105.08.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company's revenue was down 6.2% compared to the same quarter last year. Research analysts predict that Live Nation Entertainment, Inc. will post 1.04 EPS for the current year.

Insider Buying and Selling

In other Live Nation Entertainment news, CFO Joe Berchtold sold 29,310 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total value of $2,857,725.00. Following the completion of the transaction, the chief financial officer now directly owns 566,722 shares of the company's stock, valued at approximately $55,255,395. The trade was a 4.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Rowles sold 35,000 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $97.64, for a total value of $3,417,400.00. Following the completion of the sale, the executive vice president now owns 167,447 shares of the company's stock, valued at $16,349,525.08. This trade represents a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,799 shares of company stock valued at $16,449,718 over the last quarter. 2.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on LYV shares. Bank of America lifted their target price on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Citigroup raised their price target 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 raised their price target 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. The Goldman Sachs Group raised their price target on Live Nation Entertainment from $132.00 to $148.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, Oppenheimer raised their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $142.13.

Live Nation Entertainment Company 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.