Assetmark Inc. Sells 3,256 Shares of Live Nation Entertainment, Inc. $LYV

Assetmark Inc. trimmed its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 205,503 shares of the company’s stock after selling 3,256 shares during the quarter. Assetmark Inc. owned 0.09% of Live Nation Entertainment worth $33,579,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LYV. Vident Advisory LLC raised its holdings in Live Nation Entertainment by 2.1% in the second quarter. Vident Advisory LLC now owns 3,622 shares of the company’s stock worth $548,000 after purchasing an additional 75 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Live Nation Entertainment by 24.4% during the third quarter. Private Trust Co. NA now owns 418 shares of the company’s stock valued at $68,000 after purchasing an additional 82 shares in the last quarter. Greenleaf Trust boosted its position in shares of Live Nation Entertainment by 5.8% during the third quarter. Greenleaf Trust now owns 1,680 shares of the company’s stock valued at $275,000 after buying an additional 92 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Live Nation Entertainment by 15.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 798 shares of the company’s stock worth $121,000 after buying an additional 109 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Live Nation Entertainment by 4.6% in the third quarter. Hantz Financial Services Inc. now owns 2,570 shares of the company’s stock worth $420,000 after purchasing an additional 112 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Stock Performance

LYV opened at $158.39 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 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 5.41. The firm has a market capitalization of $37.18 billion, a PE ratio of 114.78, a P/E/G ratio of 10.26 and a beta of 1.18. The firm has a 50 day moving average of $144.25 and a two-hundred day moving average of $149.94.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LYV. Benchmark reaffirmed a “buy” rating on shares of Live Nation Entertainment in a report on Tuesday, November 4th. The Goldman Sachs Group lifted their target price on Live Nation Entertainment from $160.00 to $165.00 and gave the company a “sell” rating in a research note on Friday, January 2nd. UBS Group assumed coverage on Live Nation Entertainment in a research note on Tuesday, November 25th. They issued a “buy” rating and a $164.00 price target for the company. JPMorgan Chase & Co. cut their price objective on shares of Live Nation Entertainment from $172.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Live Nation Entertainment from $173.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Seventeen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $172.45.

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.