Vanguard Group Inc. Has $2.48 Billion Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Vanguard Group Inc. reduced its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,169,852 shares of the company's stock after selling 48,735 shares during the quarter. Vanguard Group Inc. owned 8.25% of Live Nation Entertainment worth $2,482,496,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Smartleaf Asset Management LLC grew its position in Live Nation Entertainment by 17.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock valued at $65,000 after buying an additional 75 shares in the last quarter. SOA Wealth Advisors LLC. increased its stake in shares of Live Nation Entertainment by 19.0% during the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company's stock valued at $65,000 after acquiring an additional 80 shares during the period. Western Pacific Wealth Management LP raised its holdings in Live Nation Entertainment by 10.4% during the fourth quarter. Western Pacific Wealth Management LP now owns 867 shares of the company's stock worth $112,000 after purchasing an additional 82 shares in the last quarter. UMB Bank n.a. lifted its position in Live Nation Entertainment by 21.2% in the fourth quarter. UMB Bank n.a. now owns 532 shares of the company's stock worth $69,000 after purchasing an additional 93 shares during the period. Finally, Gilbert & Cook Inc. increased its position in shares of Live Nation Entertainment by 1.7% during the 4th quarter. Gilbert & Cook Inc. now owns 5,463 shares of the company's stock valued at $707,000 after purchasing an additional 93 shares during the period. 74.52% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Live Nation Entertainment

In other news, EVP Michael Rowles sold 63,136 shares of the stock in a transaction on Monday, February 24th. The shares were 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 represents a 24.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey T. Hinson sold 500 shares of Live Nation Entertainment stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total transaction of $61,475.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,702 shares of company stock valued at $10,497,143. 2.72% of the stock is owned by insiders.

Live Nation Entertainment Stock Down 2.4 %

NYSE:LYV traded down $3.03 on Friday, hitting $125.05. 1,731,244 shares of the company's stock traded hands, compared to its average volume of 2,200,612. The company has a market cap of $29.19 billion, a PE ratio of 45.97, a price-to-earnings-growth 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 firm has a 50-day moving average price of $138.14 and a 200-day moving average price of $128.84.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LYV. Roth Mkm raised their target price on Live Nation Entertainment from $152.00 to $174.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Morgan Stanley lifted their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Rosenblatt Securities reissued a "buy" rating and set a $146.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. JPMorgan Chase & Co. 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 Friday, February 21st. Finally, Bank of America upped their price target on Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a report on Monday, February 24th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $157.27.

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.