13,715 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,715 shares of the company's stock, valued at approximately $1,776,000.

Several other large investors have also bought and sold shares of the company. ValueAct Holdings L.P. bought a new stake in Live Nation Entertainment during the third quarter worth approximately $111,094,000. PointState Capital LP acquired a new stake in shares of Live Nation Entertainment during the third quarter worth $102,762,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Live Nation Entertainment by 55.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company's stock valued at $118,147,000 after purchasing an additional 387,008 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Live Nation Entertainment by 37.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,423,428 shares of the company's stock worth $155,851,000 after purchasing an additional 385,143 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Live Nation Entertainment by 9.4% in the third quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company's stock worth $410,664,000 after buying an additional 321,832 shares during the period. Institutional investors own 74.52% of the company's stock.

Insider Activity at Live Nation Entertainment

In related news, CAO Brian Capo sold 5,066 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total transaction of $624,333.84. Following the sale, the chief accounting officer now directly owns 10,549 shares in the company, valued at $1,300,058.76. This represents a 32.44 % decrease in their position. The transaction was disclosed in a legal filing 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 on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total value of $61,475.00. Following the sale, the director now owns 52,624 shares in the company, valued at $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 sold 68,702 shares of company stock worth $10,497,143. 2.72% of the stock is owned by corporate insiders.

Remove Ads

Live Nation Entertainment Stock Performance

LYV stock traded up $1.56 during midday trading on Thursday, hitting $128.31. 1,978,311 shares of the company traded hands, compared to its average volume of 2,139,621. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75. The stock has a market capitalization of $29.95 billion, a price-to-earnings ratio of 47.17, a price-to-earnings-growth 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 $138.45 and a 200-day simple moving average of $128.18.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $5.67 billion. As a group, equities research analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

LYV has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised 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 Friday, February 21st. Roth Mkm upped their price target on Live Nation Entertainment from $152.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Morgan Stanley increased 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 Tuesday, February 18th. Macquarie upped their target price on Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group raised their price target 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. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Live Nation Entertainment has an average rating of "Moderate Buy" and a consensus price target of $157.27.

Live Nation Entertainment 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.