Amundi Raises Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Amundi increased its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,089,290 shares of the company's stock after acquiring an additional 39,302 shares during the period. Amundi owned about 0.47% of Live Nation Entertainment worth $141,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. increased its position in Live Nation Entertainment by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 7,302,199 shares of the company's stock worth $945,635,000 after buying an additional 105,648 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Live Nation Entertainment by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company's stock worth $410,664,000 after acquiring an additional 321,832 shares during the period. Cantillon Capital Management LLC raised its stake in Live Nation Entertainment by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 2,977,411 shares of the company's stock valued at $385,575,000 after acquiring an additional 15,891 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Live Nation Entertainment by 37.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,423,428 shares of the company's stock valued at $155,851,000 after purchasing an additional 385,143 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 period. 74.52% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment 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 directly owns 195,346 shares of the company's stock, valued at $30,356,768.40. This trade represents a 24.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.72% of the company's stock.

Live Nation Entertainment Price Performance

Shares of Live Nation Entertainment stock traded down $6.97 during trading hours on Thursday, reaching $115.95. The company's stock had a trading volume of 1,329,381 shares, compared to its average volume of 2,123,863. The firm has a 50 day moving average price of $140.00 and a 200-day moving average price of $126.32. 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 stock has a market cap of $27.06 billion, a P/E ratio of 42.47, a P/E/G 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.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released 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 firm had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. On average, analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LYV shares. JPMorgan Chase & Co. boosted their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Morgan Stanley boosted their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Citigroup increased their target price on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group boosted their price target on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $157.27.

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.