Inceptionr LLC Makes New $2.36 Million Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

Inceptionr LLC purchased a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,254 shares of the company's stock, valued at approximately $2,364,000. Live Nation Entertainment accounts for about 0.5% of Inceptionr LLC's holdings, making the stock its 12th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 worth $106,319,000 after acquiring an additional 107,844 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Live Nation Entertainment during the 4th quarter worth approximately $226,000. Empowered Funds LLC grew its position in shares of Live Nation Entertainment by 392.4% during the third quarter. Empowered Funds LLC now owns 17,336 shares of the company's stock worth $1,898,000 after buying an additional 13,815 shares in the last quarter. Friedenthal Financial bought a new stake in shares of Live Nation Entertainment in the fourth quarter worth $754,000. Finally, Natixis Advisors LLC raised its holdings 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. 74.52% of the stock is owned by hedge funds and other institutional investors.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock traded down $4.94 during midday trading on Monday, reaching $122.57. 3,472,098 shares of the stock traded hands, compared to its average volume of 2,112,233. The firm has a fifty day moving average price of $140.47 and a two-hundred day moving average price of $125.99. Live Nation Entertainment, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $157.75. The firm has a market cap of $28.61 billion, a price-to-earnings ratio of 45.06, a PEG ratio of 1.81 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.

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Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.93) by $1.49. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. On average, equities research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

LYV has been the subject of several research analyst reports. Benchmark reissued a "buy" rating and issued a $160.00 target price on shares of Live Nation Entertainment in a research report on Thursday, February 20th. Guggenheim boosted their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Morgan Stanley increased their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Macquarie boosted their price target on Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday. Finally, The Goldman Sachs Group raised their price objective on Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $157.27.

Insider Transactions at Live Nation Entertainment

In related 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 transaction, the executive vice president now owns 195,346 shares in the company, valued at $30,356,768.40. This trade represents a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.72% of the company's stock.

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.