Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC decreased its holdings in Live Nation Entertainment, Inc. (NYSE:LYVGet Rating) by 16.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,930 shares of the company’s stock after selling 2,825 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Live Nation Entertainment were worth $1,639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC grew its position in Live Nation Entertainment by 1.6% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 6,077 shares of the company’s stock worth $727,000 after purchasing an additional 94 shares in the last quarter. Sigma Planning Corp grew its position in Live Nation Entertainment by 3.8% during the 1st quarter. Sigma Planning Corp now owns 2,575 shares of the company’s stock worth $303,000 after purchasing an additional 95 shares in the last quarter. Ahrens Investment Partners LLC grew its position in Live Nation Entertainment by 55.6% during the 1st quarter. Ahrens Investment Partners LLC now owns 280 shares of the company’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Live Nation Entertainment by 2.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,643 shares of the company’s stock valued at $675,000 after buying an additional 113 shares during the period. Finally, IHT Wealth Management LLC boosted its stake in shares of Live Nation Entertainment by 4.6% during the 4th quarter. IHT Wealth Management LLC now owns 2,717 shares of the company’s stock valued at $325,000 after buying an additional 120 shares during the period. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Live Nation Entertainment news, CEO Michael Rapino sold 78,000 shares of the business’s stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $106.73, for a total transaction of $8,324,940.00. Following the completion of the transaction, the chief executive officer now owns 3,226,520 shares of the company’s stock, valued at approximately $344,366,479.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 312,000 shares of company stock valued at $31,426,200 in the last quarter. Insiders own 4.01% of the company’s stock.

Live Nation Entertainment Trading Up 0.0 %

LYV stock opened at $91.58 on Monday. The firm has a market cap of $20.89 billion, a PE ratio of -44.46 and a beta of 1.31. Live Nation Entertainment, Inc. has a 1 year low of $76.31 and a 1 year high of $127.75. The company has a fifty day simple moving average of $87.90 and a 200 day simple moving average of $102.62.

Live Nation Entertainment (NYSE:LYVGet Rating) last released its earnings results on Thursday, May 5th. The company reported ($0.39) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.98) by $0.59. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.88 billion. The firm’s revenue was up 520.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.44) EPS. As a group, analysts forecast that Live Nation Entertainment, Inc. will post 0.49 EPS for the current fiscal year.

Analyst Ratings Changes

LYV has been the subject of a number of research reports. Rosenblatt Securities initiated coverage on shares of Live Nation Entertainment in a research note on Monday, April 25th. They set a “buy” rating and a $138.00 target price for the company. Macquarie raised shares of Live Nation Entertainment from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $117.00 to $105.00 in a research note on Tuesday, July 5th. Wolfe Research decreased their target price on shares of Live Nation Entertainment from $145.00 to $119.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. StockNews.com initiated coverage on shares of Live Nation Entertainment in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Benchmark assumed coverage on shares of Live Nation Entertainment in a research note on Monday, April 25th. They set a “buy” rating and a $135.00 target price for the company. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.90.

Live Nation Entertainment Profile

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Live Nation Entertainment, Inc operates as a live entertainment company. 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; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists.

Further Reading

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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