67,470 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 67,470 shares of the company's stock, valued at approximately $8,737,000.

Several other large investors also recently bought and sold shares of LYV. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Live Nation Entertainment by 2.2% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 64,700 shares of the company's stock valued at $8,379,000 after purchasing an additional 1,400 shares during the last quarter. K.J. Harrison & Partners Inc raised its holdings in shares of Live Nation Entertainment by 4.3% during the 4th quarter. K.J. Harrison & Partners Inc now owns 24,250 shares of the company's stock worth $3,134,000 after acquiring an additional 1,000 shares during the period. New York Life Investment Management LLC boosted its position in shares of Live Nation Entertainment by 0.9% during the 4th quarter. New York Life Investment Management LLC now owns 21,172 shares of the company's stock valued at $2,742,000 after acquiring an additional 188 shares during the last quarter. FFT Wealth Management LLC grew its holdings in shares of Live Nation Entertainment by 10.5% in the fourth quarter. FFT Wealth Management LLC now owns 2,360 shares of the company's stock valued at $306,000 after purchasing an additional 224 shares during the period. Finally, Longbow Finance SA raised its position in shares of Live Nation Entertainment by 174.1% during the 4th quarter. Longbow Finance SA now owns 57,703 shares of the company's stock valued at $7,473,000 after buying an additional 36,650 shares during the period. Hedge funds and other institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Stock Down 1.0 %

Live Nation Entertainment stock traded down $1.40 during midday trading on Monday, reaching $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 company has a market cap of $33.13 billion, a P/E ratio of 52.19, a P/E/G ratio of 1.81 and a beta of 1.38. 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 business has a 50-day simple moving average of $140.25 and a 200-day simple moving average of $124.61. Live Nation Entertainment, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $157.75.

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 business 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%. On average, research analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on LYV shares. The Goldman Sachs Group upped their price objective on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Benchmark reiterated a "buy" rating and issued a $160.00 price objective on shares of Live Nation Entertainment in a report on Thursday, February 20th. Macquarie raised their target price on Live Nation Entertainment from $130.00 to $146.00 and gave the company an "outperform" rating in a report on Friday, November 15th. Finally, Roth Mkm boosted their price target on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Two 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 stock has a consensus rating of "Moderate Buy" and an average price target of $156.00.

Insider Transactions at Live Nation Entertainment

In related news, EVP Michael Rowles sold 63,136 shares of the firm'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 transaction of $9,811,334.40. Following the transaction, the executive vice president now owns 195,346 shares in the company, valued at $30,356,768.40. This trade represents a 24.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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.