Live Nation Entertainment, Inc. (NYSE:LYV) Holdings Lifted by Independent Franchise Partners LLP

Independent Franchise Partners LLP lifted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 207.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,693,986 shares of the company's stock after acquiring an additional 3,168,210 shares during the period. Live Nation Entertainment accounts for approximately 4.6% of Independent Franchise Partners LLP's investment portfolio, making the stock its 13th biggest holding. Independent Franchise Partners LLP owned approximately 2.02% of Live Nation Entertainment worth $607,871,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Townsquare Capital LLC lifted its holdings in shares of Live Nation Entertainment by 6.2% in the 4th quarter. Townsquare Capital LLC now owns 4,630 shares of the company's stock valued at $600,000 after purchasing an additional 269 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of Live Nation Entertainment during the 4th quarter worth approximately $1,405,000. Sterling Capital Management LLC boosted its stake in shares of Live Nation Entertainment by 779.9% in the fourth quarter. Sterling Capital Management LLC now owns 25,289 shares of the company's stock valued at $3,275,000 after buying an additional 22,415 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Live Nation Entertainment by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 69,443 shares of the company's stock worth $8,993,000 after purchasing an additional 440 shares during the period. Finally, Phoenix Financial Ltd. grew its position in Live Nation Entertainment by 18.9% during the fourth quarter. Phoenix Financial Ltd. now owns 35,929 shares of the company's stock worth $4,653,000 after buying an additional 5,704 shares during the period. Hedge funds and other institutional investors own 74.52% of the company's stock.

Insider Buying and Selling at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 500 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total transaction of $61,475.00. Following the transaction, the director now directly owns 52,624 shares of the company's stock, valued at approximately $6,470,120.80. This trade represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Rowles sold 63,136 shares of the stock in a transaction dated 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 owns 195,346 shares of the company's stock, valued at $30,356,768.40. This represents a 24.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,702 shares of company stock valued at $10,497,143 in the last ninety days. Company insiders own 2.72% of the company's stock.

Live Nation Entertainment Stock Up 1.5 %

LYV traded up $1.90 on Friday, reaching $127.36. The company's stock had a trading volume of 2,566,577 shares, compared to its average volume of 2,245,343. The business's 50 day moving average is $132.90 and its 200 day moving average is $130.84. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $157.75. The stock has a market cap of $29.73 billion, a price-to-earnings ratio of 46.82, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. As a group, research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LYV shares. The Goldman Sachs Group raised their price objective on Live Nation Entertainment from $148.00 to $166.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Bank of America lifted their target price 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. Morgan Stanley upped their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Roth Mkm upped their price objective on Live Nation Entertainment from $152.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Benchmark restated a "buy" rating and issued a $178.00 target price on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $160.33.

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.