Price T Rowe Associates Inc. MD Purchases 268,857 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Price T Rowe Associates Inc. MD grew its position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 45.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 865,871 shares of the company's stock after purchasing an additional 268,857 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.37% of Live Nation Entertainment worth $112,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Independent Franchise Partners LLP raised its holdings in shares of Live Nation Entertainment by 207.6% during the 4th quarter. Independent Franchise Partners LLP now owns 4,693,986 shares of the company's stock worth $607,871,000 after acquiring an additional 3,168,210 shares in the last quarter. Groupama Asset Managment purchased a new stake in Live Nation Entertainment during the fourth quarter valued at $259,000,000. Norges Bank bought a new position in Live Nation Entertainment during the fourth quarter valued at $255,955,000. Capital World Investors grew its stake in shares of Live Nation Entertainment by 54.2% in the 4th quarter. Capital World Investors now owns 1,707,284 shares of the company's stock worth $221,093,000 after buying an additional 599,784 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Live Nation Entertainment by 34.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,919,630 shares of the company's stock worth $248,592,000 after buying an additional 496,202 shares during the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the transaction, the chief accounting officer now owns 10,549 shares in the company, valued at $1,300,058.76. The trade was a 32.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey T. Hinson sold 500 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total transaction of $61,475.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,702 shares of company stock valued at $10,497,143. Company insiders own 2.72% of the company's stock.

Live Nation Entertainment Trading Up 0.2 %

LYV opened at $132.95 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock's fifty day moving average is $130.21 and its two-hundred day moving average is $131.88. The company has a market capitalization of $31.03 billion, a P/E ratio of 48.88, a PEG ratio of 1.81 and a beta of 1.31. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.67 billion. Analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LYV shares. Bank of America boosted their price objective on Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Benchmark reissued a "buy" rating and set a $178.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. The Goldman Sachs Group lifted their price objective on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Roth Mkm boosted their price objective on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Morgan Stanley raised their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $160.33.

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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