Benjamin F. Edwards & Company Inc. Acquires 5,040 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Benjamin F. Edwards & Company Inc. grew its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 2,163.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,273 shares of the company’s stock after purchasing an additional 5,040 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Live Nation Entertainment were worth $494,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV grew its position in Live Nation Entertainment by 148.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of Live Nation Entertainment during the 3rd quarter valued at approximately $33,000. Cary Street Partners Investment Advisory LLC increased its position in 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 in the last quarter. Tobam bought a new position in Live Nation Entertainment in the 4th quarter valued at approximately $59,000. Finally, Headlands Technologies LLC acquired a new stake in Live Nation Entertainment in the third quarter valued at approximately $88,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Insider Activity

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the company’s stock in a transaction on 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 sale, the director now owns 59,374 shares in the company, valued at $5,967,087. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.85% of the company’s stock.

Live Nation Entertainment Stock Performance

LYV opened at $95.80 on Thursday. Live Nation Entertainment, Inc. has a 1-year low of $76.48 and a 1-year high of $107.24. The company has a market cap of $22.17 billion, a price-to-earnings ratio of 91.24, a PEG ratio of 1.92 and a beta of 1.34. The company’s fifty day moving average price is $98.76 and its two-hundred day moving average price is $92.04. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 10.83.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, May 2nd. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.32). The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.26 billion. Live Nation Entertainment had a return on equity of 90.67% and a net margin of 2.22%. The company’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.25) EPS. On average, analysts expect that Live Nation Entertainment, Inc. will post 1.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LYV shares. TD Cowen reissued a “buy” rating and set a $108.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft upped their price objective on Live Nation Entertainment from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Monday. Oppenheimer raised their price target on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 21st. Morgan Stanley upped their price target on Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Finally, Roth Capital raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.00.

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.