UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 55.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,079,064 shares of the company's stock after acquiring an additional 387,008 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.47% of Live Nation Entertainment worth $118,147,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LYV. Select Equity Group L.P. boosted its position in Live Nation Entertainment by 12.3% during the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company's stock valued at $1,213,053,000 after purchasing an additional 1,415,173 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Live Nation Entertainment by 1.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,722,620 shares of the company's stock valued at $817,658,000 after buying an additional 155,920 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Live Nation Entertainment by 1.2% in the third quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company's stock worth $787,950,000 after purchasing an additional 87,032 shares in the last quarter. D1 Capital Partners L.P. raised its holdings in Live Nation Entertainment by 44.6% during the second quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company's stock valued at $332,171,000 after buying an additional 1,093,000 shares in the last quarter. Finally, Vulcan Value Partners LLC boosted its stake in shares of Live Nation Entertainment by 46.5% during the 2nd quarter. Vulcan Value Partners LLC now owns 2,694,463 shares of the company's stock worth $252,663,000 after acquiring an additional 855,197 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 5,640 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $95.18, for a total value of $536,815.20. Following the transaction, the director now owns 53,949 shares in the company, valued at approximately $5,134,865.82. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joe Berchtold sold 29,310 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $97.50, for a total transaction of $2,857,725.00. Following the sale, the chief financial officer now directly owns 566,722 shares of the company's stock, valued at approximately $55,255,395. The trade was a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 168,799 shares of company stock valued at $16,449,718. Company insiders own 2.72% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Benchmark raised their price objective on Live Nation Entertainment from $132.00 to $144.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Citigroup boosted their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Evercore ISI raised their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. 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 research report on Tuesday, November 19th. Finally, Guggenheim upped their price objective on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Live Nation Entertainment presently has an average rating of "Moderate Buy" and an average target price of $141.53.

Live Nation Entertainment Trading Down 0.4 %

Live Nation Entertainment stock traded down $0.53 during trading hours on Monday, hitting $137.72. The stock had a trading volume of 1,967,192 shares, compared to its average volume of 2,175,052. The stock has a market cap of $32.00 billion, a price-to-earnings ratio of 147.20, a P/E/G ratio of 3.75 and a beta of 1.33. 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 business's 50 day simple moving average is $120.38 and its 200-day simple moving average is $103.79. Live Nation Entertainment, Inc. has a one year low of $81.38 and a one year high of $141.18.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.58 by $0.08. The firm had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 EPS. On average, equities analysts predict that Live Nation Entertainment, Inc. will post 1.04 EPS for the current fiscal year.

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.