Longbow Finance SA Has $7.47 Million Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Longbow Finance SA lifted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 174.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,703 shares of the company's stock after purchasing an additional 36,650 shares during the quarter. Longbow Finance SA's holdings in Live Nation Entertainment were worth $7,473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LYV. Brooklyn Investment Group purchased a new stake in Live Nation Entertainment in the third quarter valued at approximately $31,000. Golden State Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment in the fourth quarter valued at $42,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Live Nation Entertainment in the 4th quarter valued at $44,000. Independence Bank of Kentucky acquired a new position in Live Nation Entertainment during the 4th quarter worth about $45,000. Finally, Reston Wealth Management LLC purchased a new position in Live Nation Entertainment during the 3rd quarter valued at about $41,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LYV. JPMorgan Chase & Co. lifted their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Roth Mkm lifted their price target on Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Evercore ISI upped their price objective on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Bank of America raised their target price on Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Morgan Stanley increased their price target 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. 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $156.00.

Live Nation Entertainment Stock Performance

Shares of LYV traded up $2.39 during mid-day trading on Friday, hitting $143.35. The stock had a trading volume of 2,904,894 shares, compared to its average volume of 2,112,567. 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 company has a market cap of $33.31 billion, a PE ratio of 52.70, a PEG ratio of 1.81 and a beta of 1.38. Live Nation Entertainment, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $157.75. The company's fifty day simple moving average is $140.05 and its two-hundred day simple moving average is $123.81.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its earnings results 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. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The firm had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.67 billion. On average, equities analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Insider Activity

In other news, EVP Michael Rowles sold 63,136 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the sale, the executive vice president now owns 195,346 shares of the company's stock, valued at approximately $30,356,768.40. The trade was a 24.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.