National Pension Service Cuts Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

National Pension Service decreased its position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 272,902 shares of the company's stock after selling 33,865 shares during the period. National Pension Service owned about 0.12% of Live Nation Entertainment worth $35,341,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Blue Trust Inc. raised its holdings in Live Nation Entertainment by 385.3% in the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company's stock worth $58,000 after purchasing an additional 420 shares during the period. Private Advisor Group LLC raised its stake in shares of 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 during the period. International Assets Investment Management LLC raised its stake in shares of Live Nation Entertainment by 11,822.2% during the 3rd quarter. International Assets Investment Management LLC now owns 10,730 shares of the company's stock worth $1,175,000 after buying an additional 10,640 shares during the period. Louisiana State Employees Retirement System grew its stake in Live Nation Entertainment by 8.6% in the 3rd quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the company's stock valued at $964,000 after acquiring an additional 700 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Live Nation Entertainment by 14.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,561 shares of the company's stock worth $390,000 after acquiring an additional 453 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Trading Down 1.0 %

Live Nation Entertainment stock traded down $1.40 during mid-day trading on Monday, hitting $141.96. The company's stock had a trading volume of 2,281,765 shares, compared to its average volume of 2,098,835. The stock's fifty day moving average is $140.44 and its two-hundred day moving average is $124.94. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a market capitalization of $33.13 billion, a PE ratio of 52.19, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $157.75.

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. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.67 billion. On average, analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

LYV has been the subject of a number of research reports. Benchmark reissued a "buy" rating and set a $160.00 target price on shares of Live Nation Entertainment in a research note on Thursday, February 20th. Citigroup boosted their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Morgan Stanley lifted their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Evercore ISI lifted their target price on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft raised 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 note on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $156.00.

Insider Activity

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of the business's stock in a transaction that occurred 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 $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.