Korea Investment CORP Has $17.51 Million Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Korea Investment CORP raised its stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 21.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,206 shares of the company's stock after acquiring an additional 23,456 shares during the period. Korea Investment CORP owned about 0.06% of Live Nation Entertainment worth $17,509,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Live Nation Entertainment during the 3rd quarter worth about $31,000. World Investment Advisors LLC acquired a new stake in shares of Live Nation Entertainment during the third quarter worth approximately $38,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Live Nation Entertainment in the fourth quarter valued at approximately $40,000. Morse Asset Management Inc acquired a new position in shares of Live Nation Entertainment in the 3rd quarter worth approximately $42,000. Finally, Golden State Wealth Management LLC bought a new stake in Live Nation Entertainment during the 4th quarter worth approximately $42,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LYV. Macquarie upped their price target on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, March 6th. Morgan Stanley boosted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Bank of America raised their price objective on Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Guggenheim upped their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Finally, Benchmark reaffirmed a "buy" rating and set a $178.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Live Nation Entertainment presently has an average rating of "Moderate Buy" and a consensus target price of $160.33.

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Live Nation Entertainment Stock Performance

Shares of LYV stock traded down $8.59 during trading on Thursday, reaching $126.06. 866,160 shares of the company's stock were exchanged, compared to its average volume of 2,439,829. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm's fifty day moving average price is $137.82 and its 200-day moving average price is $129.34. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75. The stock has a market capitalization of $29.42 billion, a PE ratio of 46.35, a PEG ratio of 1.81 and a beta of 1.38.

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 company had revenue of $5.68 billion during the quarter, compared to analysts' expectations 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, sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Insiders Place Their Bets

In other Live Nation Entertainment news, CAO Brian Capo sold 5,066 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the sale, the chief accounting officer now owns 10,549 shares of the company's stock, valued at approximately $1,300,058.76. This trade represents a 32.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey T. Hinson sold 500 shares of Live Nation Entertainment stock in a transaction dated Wednesday, March 12th. The shares were 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 approximately $6,470,120.80. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,702 shares of company stock worth $10,497,143 in the last quarter. 2.72% of the stock is currently owned by corporate insiders.

About Live Nation Entertainment

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.