Artisan Partners Limited Partnership Sells 104,381 Shares of Live Nation Entertainment, Inc. $LYV

Artisan Partners Limited Partnership decreased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,375,919 shares of the company’s stock after selling 104,381 shares during the period. Artisan Partners Limited Partnership owned about 1.01% of Live Nation Entertainment worth $388,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC lifted its holdings in Live Nation Entertainment by 469.0% during the second quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock valued at $25,000 after purchasing an additional 136 shares in the last quarter. Atwood & Palmer Inc. purchased a new position in shares of Live Nation Entertainment during the 3rd quarter valued at $33,000. Heartwood Wealth Advisors LLC bought a new position in Live Nation Entertainment in the 3rd quarter worth $34,000. Measured Risk Portfolios Inc. purchased a new stake in Live Nation Entertainment in the 3rd quarter worth $37,000. Finally, Root Financial Partners LLC bought a new stake in Live Nation Entertainment during the third quarter valued at about $37,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Live Nation Entertainment Stock Performance

Shares of NYSE:LYV opened at $157.83 on Friday. Live Nation Entertainment, Inc. has a 12 month low of $112.88 and a 12 month high of $175.25. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 8.51. The company has a market capitalization of $37.06 billion, a price-to-earnings ratio of -657.63, a PEG ratio of 19.28 and a beta of 1.18. The firm’s 50-day moving average is $147.59 and its 200 day moving average is $150.45.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, February 19th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.06). The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Live Nation Entertainment had a net margin of 1.79% and a return on equity of 48.11%. Live Nation Entertainment’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS. Research analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LYV shares. Wells Fargo & Company started coverage on Live Nation Entertainment in a research report on Wednesday. They set an “overweight” rating and a $204.00 target price for the company. Guggenheim cut their price objective on shares of Live Nation Entertainment from $172.00 to $168.00 and set a “buy” rating for the company in a report on Wednesday, January 14th. Wolfe Research boosted their target price on shares of Live Nation Entertainment from $175.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Live Nation Entertainment from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Jefferies Financial Group downgraded shares of Live Nation Entertainment from a “buy” rating to a “hold” rating and reduced their price target for the company from $161.00 to $155.00 in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $180.90.

Key Stories Impacting Live Nation Entertainment

Here are the key news stories impacting Live Nation Entertainment this week:

• Positive Sentiment: Deutsche Bank raised its price target to $180 and reaffirmed a “buy” rating, implying material upside from recent levels; this upgrade likely supports buying momentum. Deutsche Bank adjusts Live Nation Entertainment PT to $180 from $160, maintains buy rating
• Positive Sentiment: Wells Fargo initiated coverage with an “overweight” rating and a $204 price target (significant upside), and that initiation has been reported broadly — a catalyst for institutional interest and likely contributor to today’s upward move. Wells Fargo initiates coverage of Live Nation Entertainment (LYV) with overweight recommendation
• Positive Sentiment: Zacks flagged an upgrade to “strong-buy” (coverage citing recent analyst activity), which may amplify retail/investor attention and short-term buying. Zacks.com
• Neutral Sentiment: Analyst and media coverage is also highlighting a shifting investment thesis — growth plans and consolidation opportunities vs. regulatory questions — producing a mixed narrative that can sustain volatility as investors price risk/reward. How The Live Nation (LYV) Investment Story Is Shifting With Growth Plans And Regulatory Questions
• Negative Sentiment: The DOJ antitrust case moves forward with jury selection imminent; while the judge pared some government claims, the trial creates regulatory overhang and potential liability that could pressure sentiment and valuation. Justice Department Blasts Live Nation’s ‘Desperate Attempt’ To Halt Anti-Monopoly Trial—Days Before It Begins
• Negative Sentiment: Halper Sadeh LLC announced a shareholder inquiry into potential fiduciary breaches by officers and directors, signaling possible litigation or governance scrutiny that could be a drag if it escalates. HALPER SADEH LLC ENCOURAGES LIVE NATION ENTERTAINMENT, INC. SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS

Live Nation Entertainment Company Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.