Mirae Asset Global Investments Co. Ltd. Has $3.20 Million Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 77.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 34,198 shares of the company’s stock after acquiring an additional 14,928 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Live Nation Entertainment were worth $3,201,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Live Nation Entertainment by 2.1% in the first quarter. Vanguard Group Inc. now owns 15,499,116 shares of the company’s stock valued at $1,823,315,000 after acquiring an additional 317,335 shares during the last quarter. Select Equity Group L.P. boosted its holdings in Live Nation Entertainment by 8.1% in the first quarter. Select Equity Group L.P. now owns 11,512,128 shares of the company’s stock valued at $805,849,000 after acquiring an additional 862,050 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Live Nation Entertainment by 5.1% in the third quarter. Canada Pension Plan Investment Board now owns 8,801,337 shares of the company’s stock valued at $730,863,000 after acquiring an additional 429,650 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Live Nation Entertainment by 0.5% in the third quarter. Principal Financial Group Inc. now owns 7,108,633 shares of the company’s stock valued at $590,301,000 after buying an additional 33,215 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Live Nation Entertainment by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,606,439 shares of the company’s stock valued at $460,733,000 after buying an additional 323,756 shares during the period. 74.52% of the stock is currently owned by institutional investors.

Insider Activity at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $100.50, for a total value of $100,600.50. Following the completion of the sale, the director now directly owns 59,374 shares of the company’s stock, valued at approximately $5,967,087. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.85% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on LYV. Rosenblatt Securities dropped their price target on Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Roth Mkm raised Live Nation Entertainment from a “neutral” rating to a “buy” rating and boosted their price target for the company from $92.00 to $114.00 in a research note on Friday, January 12th. JPMorgan Chase & Co. boosted their price target on Live Nation Entertainment from $124.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Oppenheimer upped their target price on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Finally, Morgan Stanley upped their target price on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.70.

Live Nation Entertainment Trading Down 0.4 %

NYSE LYV opened at $91.82 on Thursday. The firm has a market capitalization of $21.19 billion, a P/E ratio of 69.04 and a beta of 1.30. The business has a fifty day simple moving average of $98.97 and a 200 day simple moving average of $91.36. Live Nation Entertainment, Inc. has a 12 month low of $64.96 and a 12 month high of $107.24. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 9.30.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. On average, analysts predict that Live Nation Entertainment, Inc. will post 1.63 EPS for the current fiscal 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.