XTX Topco Ltd Lowers Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

XTX Topco Ltd lowered its stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 85.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,099 shares of the company's stock after selling 17,922 shares during the quarter. XTX Topco Ltd's holdings in Live Nation Entertainment were worth $401,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors LLC bought a new position in shares of Live Nation Entertainment in the 3rd quarter valued at about $38,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Live Nation Entertainment in the fourth quarter valued at about $40,000. Morse Asset Management Inc bought a new position in shares of Live Nation Entertainment during the third quarter worth approximately $42,000. Golden State Wealth Management LLC acquired a new position in Live Nation Entertainment in the 4th quarter valued at $42,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Live Nation Entertainment during the fourth quarter worth about $44,000. 74.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LYV has been the subject of several recent analyst reports. Bank of America upped their target price 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. Macquarie boosted their price objective on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Roth Mkm increased their target price 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. Morgan Stanley lifted their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, Live Nation Entertainment presently has a consensus rating of "Moderate Buy" and an average price target of $160.33.

Insider Buying and Selling at Live Nation Entertainment

In related news, CAO Brian Capo sold 5,066 shares of the company's 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 completion of the transaction, the chief accounting officer now owns 10,549 shares in the company, valued at $1,300,058.76. This represents a 32.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Rowles sold 63,136 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 195,346 shares of the company's stock, valued at $30,356,768.40. This trade represents a 24.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,702 shares of company stock worth $10,497,143 over the last ninety days. Insiders own 2.72% of the company's stock.

Live Nation Entertainment Price Performance

Shares of LYV stock traded up $0.23 during trading hours on Friday, reaching $132.95. The stock had a trading volume of 1,277,513 shares, compared to its average volume of 2,242,644. The stock's fifty day simple moving average is $130.21 and its 200 day simple moving average is $131.62. The firm has a market capitalization of $31.03 billion, a PE ratio of 48.88, a PEG ratio of 1.81 and a beta of 1.31. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 12 month low of $86.81 and a 12 month high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. On average, equities research analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

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.