29,076 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Bought by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. purchased a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 29,076 shares of the company's stock, valued at approximately $3,765,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LYV. Brooklyn Investment Group acquired a new stake in shares of Live Nation Entertainment in the 3rd quarter valued at about $31,000. World Investment Advisors LLC bought a new position in shares of Live Nation Entertainment during the third quarter worth about $38,000. Morse Asset Management Inc bought a new stake in Live Nation Entertainment in the 3rd quarter valued at approximately $42,000. Golden State Wealth Management LLC acquired a new position in Live Nation Entertainment during the 4th quarter worth approximately $42,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Live Nation Entertainment during the 4th quarter worth approximately $44,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock traded down $3.03 during trading hours on Friday, hitting $125.05. The company had a trading volume of 1,731,244 shares, compared to its average volume of 2,200,612. The firm has a 50-day moving average of $138.14 and a 200 day moving average of $128.62. 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 firm has a market cap of $29.19 billion, a PE ratio of 45.97, a PEG ratio of 1.81 and a beta of 1.38. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $157.75.

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Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, topping 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 analysts' expectations of $5.67 billion. On average, sell-side analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Insider Buying and Selling

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of the firm's stock in a transaction on Monday, February 24th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $61,475.00. Following the completion of the transaction, the director now owns 52,624 shares in the company, valued at $6,470,120.80. The trade was a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,702 shares of company stock valued at $10,497,143. 2.72% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on LYV. Benchmark restated a "buy" rating and set a $160.00 target price on shares of Live Nation Entertainment in a report on Thursday, February 20th. Rosenblatt Securities restated a "buy" rating and set a $146.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Macquarie upped their target price on Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Guggenheim raised their price target on Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Finally, Roth Mkm upped their price objective on Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $157.27.

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.