Tokio Marine Asset Management Co. Ltd. Boosts Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Tokio Marine Asset Management Co. Ltd. raised its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,525 shares of the company’s stock after buying an additional 399 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Live Nation Entertainment were worth $424,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bank of Nova Scotia increased its stake in shares of Live Nation Entertainment by 6.9% during the 3rd quarter. Bank of Nova Scotia now owns 560,768 shares of the company’s stock worth $46,566,000 after purchasing an additional 36,298 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Live Nation Entertainment by 13.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 567,995 shares of the company’s stock worth $53,164,000 after purchasing an additional 66,390 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Live Nation Entertainment by 77.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,198 shares of the company’s stock worth $3,201,000 after purchasing an additional 14,928 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in shares of Live Nation Entertainment during the 4th quarter worth approximately $1,151,000. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Live Nation Entertainment by 9,800.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock worth $41,000 after purchasing an additional 490 shares during the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LYV shares. Morgan Stanley raised their price target on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Oppenheimer raised their price objective on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. raised their price objective on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Roth Capital raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, April 16th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Live Nation Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $116.30.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction on Friday, March 8th. The shares were sold at an average price of $100.50, for a total transaction 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 accessible through this hyperlink. 2.85% of the stock is currently owned by insiders.

Live Nation Entertainment Stock Up 1.5 %

Shares of NYSE:LYV opened at $89.83 on Monday. The firm has a fifty day moving average price of $98.87 and a two-hundred day moving average price of $91.59. The company has a debt-to-equity ratio of 9.30, a current ratio of 0.96 and a quick ratio of 0.96. Live Nation Entertainment, Inc. has a one year low of $65.20 and a one year high of $107.24. The company has a market cap of $20.73 billion, a price-to-earnings ratio of 67.54 and a beta of 1.30.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.09). Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $4.72 billion. Analysts anticipate that Live Nation Entertainment, Inc. will post 1.62 EPS for the current fiscal year.

About Live Nation Entertainment

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.