Prelude Capital Management LLC lessened its holdings in Live Nation Entertainment, Inc. (NYSE:LYV – Get Rating) by 19.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,363 shares of the company’s stock after selling 1,760 shares during the period. Prelude Capital Management LLC’s holdings in Live Nation Entertainment were worth $560,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Live Nation Entertainment by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 15,499,116 shares of the company’s stock valued at $1,823,315,000 after purchasing an additional 317,335 shares during the period. Victory Capital Management Inc. increased its position in Live Nation Entertainment by 20.9% during the third quarter. Victory Capital Management Inc. now owns 4,093,441 shares of the company’s stock worth $311,265,000 after buying an additional 708,397 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Live Nation Entertainment by 96.9% during the first quarter. Goldman Sachs Group Inc. now owns 3,698,063 shares of the company’s stock worth $435,041,000 after buying an additional 1,819,841 shares in the last quarter. Boston Partners boosted its holdings in shares of Live Nation Entertainment by 6.1% during the third quarter. Boston Partners now owns 1,693,022 shares of the company’s stock worth $128,742,000 after purchasing an additional 97,548 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Live Nation Entertainment by 1.8% during the second quarter. Northern Trust Corp now owns 1,420,151 shares of the company’s stock worth $117,276,000 after purchasing an additional 24,855 shares during the last quarter. Institutional investors and hedge funds own 69.90% of the company’s stock.
Analyst Upgrades and Downgrades
LYV has been the topic of a number of research analyst reports. Rosenblatt Securities lifted their target price on Live Nation Entertainment from $101.00 to $105.00 and gave the company a “buy” rating in a report on Monday, February 27th. Citigroup raised Live Nation Entertainment from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $90.00 to $82.00 in a report on Monday, November 28th. Redburn Partners initiated coverage on Live Nation Entertainment in a report on Tuesday, November 22nd. They set a “neutral” rating for the company. Jefferies Financial Group lowered their target price on Live Nation Entertainment from $120.00 to $92.00 in a report on Thursday, December 8th. Finally, TheStreet lowered Live Nation Entertainment from a “c-” rating to a “d+” rating in a report on Friday, March 3rd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $106.11.
Live Nation Entertainment Stock Performance
Live Nation Entertainment Profile
Live Nation Entertainment, Inc operates as an entertainment company. The firm engages in producing, marketing, and selling live concerts for artists via its global concert pipe. It operates through the following segments: Concerts, Sponsorship and Advertising, and Ticketing. The Concerts segment is involved in the promotion of live music events in owned or operated venues and in rented third-party venues.
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