Assetmark Inc. Has $13.78 Million Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Assetmark Inc. lowered its stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 17.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,834 shares of the company's stock after selling 27,022 shares during the period. Assetmark Inc. owned approximately 0.05% of Live Nation Entertainment worth $13,778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cromwell Holdings LLC grew its stake in shares of Live Nation Entertainment by 25.7% in the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company's stock valued at $47,000 after purchasing an additional 88 shares during the period. Private Advisor Group LLC lifted its holdings in Live Nation Entertainment by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company's stock worth $352,000 after buying an additional 89 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in Live Nation Entertainment by 1.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company's stock worth $728,000 after buying an additional 95 shares in the last quarter. Mystic Asset Management Inc. lifted its holdings in Live Nation Entertainment by 2.1% during the 2nd quarter. Mystic Asset Management Inc. now owns 5,240 shares of the company's stock worth $491,000 after buying an additional 110 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its stake in shares of Live Nation Entertainment by 3.2% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 3,840 shares of the company's stock valued at $360,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Stock Up 0.7 %

Shares of LYV traded up $0.80 during midday trading on Monday, hitting $123.80. The stock had a trading volume of 5,725,016 shares, compared to its average volume of 2,137,703. The company has a 50 day simple moving average of $109.51 and a two-hundred day simple moving average of $99.43. Live Nation Entertainment, Inc. has a twelve month low of $81.38 and a twelve month high of $127.64. The firm has a market cap of $28.51 billion, a price-to-earnings ratio of 116.04, a price-to-earnings-growth ratio of 3.03 and a beta of 1.33. The company has a debt-to-equity ratio of 9.22, a current ratio of 0.92 and a quick ratio of 0.92.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Oppenheimer increased their price target on Live Nation Entertainment from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, September 6th. Benchmark reissued a "buy" rating and issued a $132.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, September 10th. Roth Mkm increased their price target on Live Nation Entertainment from $120.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Bank of America initiated coverage on Live Nation Entertainment in a research note on Wednesday, September 4th. They issued a "buy" rating and a $125.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Live Nation Entertainment from $122.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.73.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, Director Ping Fu sold 1,701 shares of Live Nation Entertainment stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $96.56, for a total value of $164,248.56. Following the sale, the director now owns 15,128 shares of the company's stock, valued at $1,460,759.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Ping Fu sold 1,701 shares of Live Nation Entertainment stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $96.56, for a total value of $164,248.56. Following the sale, the director now owns 15,128 shares of the company's stock, valued at approximately $1,460,759.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian Capo sold 5,000 shares of Live Nation Entertainment stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $96.61, for a total value of $483,050.00. Following the completion of the sale, the chief accounting officer now directly owns 12,327 shares in the company, valued at approximately $1,190,911.47. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 177,000 shares of company stock valued at $17,238,181 in the last 90 days. 2.72% of the stock is currently owned by company 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.