Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Boston Partners

Boston Partners lowered its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,593 shares of the company's stock after selling 6,613 shares during the quarter. Boston Partners' holdings in Live Nation Entertainment were worth $11,268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of LYV. YHB Investment Advisors Inc. purchased a new stake in shares of Live Nation Entertainment during the 1st quarter worth approximately $32,000. Rise Advisors LLC increased its stake in shares of Live Nation Entertainment by 90.3% during the 1st quarter. Rise Advisors LLC now owns 335 shares of the company's stock worth $35,000 after purchasing an additional 159 shares during the last quarter. Lindbrook Capital LLC grew its stake in Live Nation Entertainment by 44.1% in the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company's stock valued at $41,000 after buying an additional 119 shares in the last quarter. Tobam purchased a new position in Live Nation Entertainment in the 4th quarter valued at approximately $59,000. Finally, SOA Wealth Advisors LLC. grew its stake in Live Nation Entertainment by 238.1% in the 1st quarter. SOA Wealth Advisors LLC. now owns 852 shares of the company's stock valued at $90,000 after buying an additional 600 shares in the last quarter. Institutional investors own 74.52% of the company's stock.

Wall Street Analysts Forecast Growth

LYV has been the subject of a number of recent research reports. Oppenheimer reiterated an "outperform" rating and issued a $110.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, June 25th. Macquarie reiterated an "outperform" rating and issued a $125.00 price objective on shares of Live Nation Entertainment in a research note on Wednesday. TD Cowen reiterated a "buy" rating and issued a $108.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, April 16th. Morgan Stanley reissued an "overweight" rating and issued a $120.00 price target on shares of Live Nation Entertainment in a report on Wednesday, June 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Live Nation Entertainment from $121.00 to $122.00 and gave the company a "buy" rating in a report on Thursday. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $118.17.

Live Nation Entertainment Trading Down 1.9 %

Live Nation Entertainment stock traded down $1.77 during mid-day trading on Friday, hitting $91.21. The company's stock had a trading volume of 2,406,203 shares, compared to its average volume of 1,855,782. The company has a debt-to-equity ratio of 9.22, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $20.95 billion, a price-to-earnings ratio of 86.87, a price-to-earnings-growth ratio of 2.18 and a beta of 1.34. The business has a 50 day moving average price of $93.46 and a 200-day moving average price of $94.98. Live Nation Entertainment, Inc. has a 12 month low of $76.48 and a 12 month high of $107.24.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.03). Live Nation Entertainment had a net margin of 2.20% and a return on equity of 84.78%. The firm had revenue of $6.02 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same quarter in the previous year, the firm posted $1.02 EPS. Live Nation Entertainment's revenue was up 7.0% compared to the same quarter last year. As a group, analysts forecast that Live Nation Entertainment, Inc. will post 1.21 EPS for the current 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.