Live Nation Entertainment, Inc. (NYSE:LYV) Stock Holdings Boosted by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 595.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,688 shares of the company's stock after purchasing an additional 33,980 shares during the quarter. Wealthfront Advisers LLC's holdings in Live Nation Entertainment were worth $5,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LYV. Principal Financial Group Inc. boosted its stake in Live Nation Entertainment by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company's stock valued at $787,950,000 after purchasing an additional 87,032 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Live Nation Entertainment by 1.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 350,497 shares of the company's stock worth $38,376,000 after acquiring an additional 6,512 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of Live Nation Entertainment by 7.4% during the 3rd quarter. Metis Global Partners LLC now owns 5,073 shares of the company's stock worth $555,000 after acquiring an additional 350 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Live Nation Entertainment by 14.9% during the 3rd quarter. CIBC Asset Management Inc now owns 24,916 shares of the company's stock worth $2,728,000 after acquiring an additional 3,231 shares in the last quarter. Finally, Empirical Finance LLC boosted its stake in shares of Live Nation Entertainment by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 4,639 shares of the company's stock worth $508,000 after acquiring an additional 105 shares in the last quarter. 74.52% of the stock is owned by institutional investors.

Insider Activity at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of the business's stock in a transaction dated 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 completion of 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.72% of the company's stock.

Wall Street Analyst Weigh In

LYV has been the subject of several research reports. Roth Mkm raised their price objective on Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Guggenheim raised their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, StockNews.com upgraded Live Nation Entertainment from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $157.27.

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Live Nation Entertainment Price Performance

LYV opened at $122.84 on Thursday. The stock has a market cap of $28.67 billion, a price-to-earnings ratio of 45.16, a PEG 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. 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 stock has a fifty day moving average price of $140.00 and a 200 day moving average price of $126.32.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.93) by $1.49. The firm had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. Analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

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.

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