Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 56.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 204,740 shares of the company's stock after selling 266,758 shares during the quarter. Sei Investments Co. owned approximately 0.09% of Live Nation Entertainment worth $26,514,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mizuho Securities USA LLC grew its position in shares of Live Nation Entertainment by 46.3% in the fourth quarter. Mizuho Securities USA LLC now owns 14,862 shares of the company's stock valued at $1,925,000 after purchasing an additional 4,706 shares during the period. Virtu Financial LLC acquired a new stake in Live Nation Entertainment in the 4th quarter worth about $1,776,000. Quantbot Technologies LP grew its holdings in Live Nation Entertainment by 226.0% in the 4th quarter. Quantbot Technologies LP now owns 44,255 shares of the company's stock valued at $5,731,000 after buying an additional 30,678 shares during the period. Blueshift Asset Management LLC acquired a new position in shares of Live Nation Entertainment during the 4th quarter valued at about $1,353,000. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of Live Nation Entertainment by 4.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 148,569 shares of the company's stock worth $19,240,000 after acquiring an additional 6,723 shares during the period. 74.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Benchmark restated a "buy" rating and set a $160.00 price target on shares of Live Nation Entertainment in a research note on Thursday, February 20th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $146.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Finally, Bank of America boosted their target price on Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Live Nation Entertainment currently has an average rating of "Moderate Buy" and a consensus target price of $157.27.

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Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment stock in a transaction on Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey T. Hinson sold 500 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total value of $61,475.00. Following the completion of the transaction, the director now directly owns 52,624 shares of the company's stock, valued at approximately $6,470,120.80. The trade was a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,702 shares of company stock valued at $10,497,143 in the last ninety days. Company insiders own 2.72% of the company's stock.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock traded down $3.03 on Friday, reaching $125.05. 1,731,244 shares of the company were exchanged, compared to its average volume of 2,200,612. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75. The firm has a market cap of $29.19 billion, a price-to-earnings ratio of 45.97, a P/E/G ratio of 1.81 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The company's 50-day moving average is $138.14 and its two-hundred day moving average is $128.62.

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 for the quarter, topping the consensus estimate of ($0.93) by $1.49. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. As a group, research analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Live Nation Entertainment 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.