Live Nation Entertainment, Inc. $LYV Stake Boosted by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 68.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,581 shares of the company’s stock after acquiring an additional 4,296 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Live Nation Entertainment were worth $1,508,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. HB Wealth Management LLC boosted its position in Live Nation Entertainment by 15.2% during the 4th quarter. HB Wealth Management LLC now owns 5,444 shares of the company’s stock worth $776,000 after acquiring an additional 719 shares during the period. Rockingstone Advisors LLC boosted its position in Live Nation Entertainment by 39.2% during the 4th quarter. Rockingstone Advisors LLC now owns 12,877 shares of the company’s stock worth $1,835,000 after acquiring an additional 3,628 shares during the period. M&T Bank Corp boosted its position in Live Nation Entertainment by 416.3% during the 4th quarter. M&T Bank Corp now owns 19,476 shares of the company’s stock worth $2,775,000 after acquiring an additional 15,704 shares during the period. First Horizon Corp boosted its position in Live Nation Entertainment by 90.1% during the 4th quarter. First Horizon Corp now owns 1,150 shares of the company’s stock worth $164,000 after acquiring an additional 545 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in Live Nation Entertainment by 15.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,286 shares of the company’s stock worth $1,038,000 after acquiring an additional 992 shares during the period. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Up 2.3%

Shares of Live Nation Entertainment stock opened at $156.80 on Friday. The firm has a market cap of $36.82 billion, a price-to-earnings ratio of -653.31 and a beta of 1.15. The company has a debt-to-equity ratio of 8.51, a current ratio of 1.00 and a quick ratio of 1.00. Live Nation Entertainment, Inc. has a 52-week low of $125.34 and a 52-week high of $175.25. The stock has a 50-day simple moving average of $157.46 and a 200-day simple moving average of $148.45.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, February 19th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($0.06). Live Nation Entertainment had a net margin of 1.79% and a return on equity of 48.11%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts expect that Live Nation Entertainment, Inc. will post 1.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 944 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $165.87, for a total value of $156,581.28. Following the transaction, the director directly owned 48,030 shares of the company’s stock, valued at approximately $7,966,736.10. This trade represents a 1.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LYV shares. Evercore restated an “outperform” rating and set a $198.00 price objective on shares of Live Nation Entertainment in a research report on Friday, February 20th. TD Cowen reiterated a “buy” rating on shares of Live Nation Entertainment in a report on Monday, February 23rd. Citizens Jmp initiated coverage on Live Nation Entertainment in a report on Monday, March 30th. They set a “market outperform” rating and a $190.00 price target for the company. Moffett Nathanson reduced their price target on Live Nation Entertainment from $185.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Finally, Bank of America lifted their price target on Live Nation Entertainment from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 20th. Twenty-one investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Live Nation Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.29.

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.