XTX Topco Ltd Has $401,000 Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

XTX Topco Ltd decreased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 85.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,099 shares of the company's stock after selling 17,922 shares during the period. XTX Topco Ltd's holdings in Live Nation Entertainment were worth $401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LYV. World Investment Advisors LLC bought a new stake in shares of Live Nation Entertainment in the third quarter valued at about $38,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Live Nation Entertainment in the 4th quarter valued at about $40,000. Morse Asset Management Inc purchased a new position in Live Nation Entertainment during the third quarter valued at $42,000. Golden State Wealth Management LLC purchased a new stake in Live Nation Entertainment during the 4th quarter worth approximately $42,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Live Nation Entertainment during the fourth quarter worth $44,000. 74.52% of the stock is currently owned by institutional investors.

Insider Transactions at Live Nation Entertainment

In other news, CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total value of $624,333.84. Following the transaction, the chief accounting officer now directly owns 10,549 shares of the company's stock, valued at $1,300,058.76. This trade represents a 32.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $9,811,334.40. Following the sale, the executive vice president now owns 195,346 shares of the company's stock, valued at $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 68,702 shares of company stock valued at $10,497,143. Company insiders own 2.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group lifted their target price 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. Macquarie upped their target price on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. increased 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 Friday, February 21st. Rosenblatt Securities reiterated a "buy" rating and set a $174.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. Finally, Roth Mkm raised their target price on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $160.33.

Live Nation Entertainment Stock Performance

Shares of NYSE:LYV traded up $0.23 during trading on Friday, reaching $132.95. 1,277,513 shares of the company's stock traded hands, compared to its average volume of 2,242,680. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50 day moving average of $130.21 and a 200-day moving average of $131.62. Live Nation Entertainment, Inc. has a 12 month low of $86.81 and a 12 month high of $157.75. The stock has a market capitalization of $31.03 billion, a P/E ratio of 48.88, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $5.67 billion. On average, equities analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

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.