8,424 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) in the fourth quarter, HoldingsChannel reports. The fund bought 8,424 shares of the company’s stock, valued at approximately $788,000.

Several other large investors also recently modified their holdings of the business. Creative Financial Designs Inc. ADV lifted its holdings in shares of Live Nation Entertainment by 148.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Raleigh Capital Management Inc. acquired a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $33,000. Cary Street Partners Investment Advisory LLC lifted its stake in Live Nation Entertainment by 9,800.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock valued at $41,000 after buying an additional 490 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Live Nation Entertainment in the third quarter valued at approximately $88,000. Finally, City Holding Co. increased its position in shares of Live Nation Entertainment by 21.6% during the fourth quarter. City Holding Co. now owns 1,296 shares of the company’s stock worth $121,000 after acquiring an additional 230 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Stock Up 1.8 %

NYSE:LYV opened at $90.08 on Wednesday. The firm has a market capitalization of $20.79 billion, a price-to-earnings ratio of 67.73 and a beta of 1.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 9.30. Live Nation Entertainment, Inc. has a twelve month low of $64.96 and a twelve month high of $107.24. The stock’s 50 day moving average price is $99.04 and its two-hundred day moving average price is $91.54.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $4.72 billion. Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. Equities research analysts expect that Live Nation Entertainment, Inc. will post 1.63 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $100.50, for a total transaction of $100,600.50. Following the completion of the transaction, the director now owns 59,374 shares in the company, valued at $5,967,087. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.85% of the stock is owned by insiders.

Analysts Set New Price Targets

LYV has been the topic of several research reports. TD Cowen reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Rosenblatt Securities cut their price target on Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. JPMorgan Chase & Co. increased their price objective on Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Morgan Stanley boosted their target price on Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Finally, Oppenheimer raised their price target on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.30.

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.